cost control
Limiting spending strategically
Cost control is the practice of monitoring and limiting expenses to stay within a budget.
Organizations implement cost controls through policies, approval processes, and spending limits.
The term appears in business and project management: The company instituted strict cost controls after the quarterly losses.
Cost control focuses on restraining current spending, while the related term cost reduction emphasizes actively lowering expenses.
- budgetingAllocating funds systematically
- expense trackingRecording what you spend
- operating expensesRoutine business costs
- overhead costsOngoing operational expenses
- waste reductionDecreasing material for disposal
forecasting · cash flow · accounting · fixed costs · risk assessment · contingency planning · expenses · auditing · cash flow management · profit margins · break even · spending · savings · tighten · belt tightening · slash · restraint · streamline
- business financeaccounting, balance sheet, revenue stream, profit margin, budget
- money managementsaving, savings, budgeting, budget planning, expense tracking
- budgetingbudget, budgets, budget app, budget template, budget allocation
- business skillsmanagement, financial literacy, leadership, deal-making, delegation
- business travelprivate jets, expense report, client meeting, itinerary, conference
- economic controlstariff, quota, sanction, embargo, trade restriction
cost controloverspending
Exceeding one's budget
profligacy · waste · budget overruns · extravagance · squandering