Cost Control Systems

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Cost Control Systems

Cost control is an important part of total cost management. Whatever action
we take, whatever we do or fail to do, there are costs involved. Due to the
complex interrelationships between the many activities and responsibilities
required to carry out project work, a systematic approach to project management
is required. One aspect of this approach is cost management.
What is meant by system? A system is a series of programmed actions that
lead to desired ends. It is the product of intelligence designed to save steps
and work and money. A system provides a sense of direction, poise, and
preparedness.

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