In other words, project cost control requires an ability to repair or abandon doomed strategies as quickly as possible, before they jeopardize the success of the project.

Project Cost Control Techniques. Companies must complete projects on budget to achieve financial objectives. Project managers applying cost control techniques effectively can ensure that projects ...

Cost control is an intricate process that involves the rigorous monitoring, management, and reduction of expenses throughout the project's lifecycle.

First, project managers should apply the data-analytic tools that have revolutionized professional sports and business to better monitor project performance and report on cost overruns. Second ...

<p>Effective monitoring and control are essential processes for ensuring that a project is completed on schedule and on budget while delivering a result that adds value to the organization.</p> <p> In ...

Recent theoretical work suggests that outside investor control may have costs as well as benefits, particularly in small, entrepreneurial firms. The possibility of investor opportunism can reduce an ...

After Lima, Ohio, migrated its wastewater plant to a distributed control system, the city increased its water capacity, met updated regulations, improved training and reduced costs with real-time ...

An improved approach to monitoring implementation can enhance the efficiency and effectiveness of internal control, in many cases at lower overall costs to the organization, COSO said in a statement.