cost management

cost management UK US noun [U]
ACCOUNTING the activity of examining information relating to the money spent by a company or organization in order to control how much is spent, by preparing budgets and making financial plans: »

We are a provider of cost management software solutions for all types of businesses.


Financial and business terms. 2012.

Look at other dictionaries:

  • Cost management — is the process whereby companies use cost accounting to report or control the various costs of doing business.The term cost management is widely used in business today. Unfortunately cost management has no uniform definition. Cost management… …   Wikipedia

  • cost management — Fin the application of management accounting concepts, methods of data collection, analysis, and presentation, in order to provide the information required to enable costs to be planned, monitored, and controlled …   The ultimate business dictionary

  • Total cost management — (TCM) is the name given by AACE International to a process for applying the skills and knowledge of cost engineering. It is also the first integrated process or methodology for portfolio, program and project management. AACE first introduced the… …   Wikipedia

  • Product Lifecycle Cost Management — Einordnung PLCM als Teil des PLM Prozesses [1] Product Lifecycle Cost Management (PLCM) oder auch Product Lifecycle Costing (PLC) ist Bestandteil des Product Lifecycle Management Prozesses und umfasst alle Instrumente und IT Komponenten zur… …   Deutsch Wikipedia

  • Cost engineering — is an area of engineering practice concerned with the application of scientific principles and techniques to problems of cost estimating, cost control, business planning and management science, profitability analysis, project management, and… …   Wikipedia

  • Management accounting — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • Cost driver — A cost driver is the unit of an activity that causes the change of an activity cost. The Activity Based Costing (ABC) approach relates indirect cost to the activities that drive them to be incurred. In traditional costing the cost driver to… …   Wikipedia

  • Management consulting — indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement. Organizations hire the services of management …   Wikipedia

  • Cost to serve — is a process driven accountancy tool to calculate the profitability of a customer account, based on the actual business activities and overhead costs incurred to service that customer.[1] In the context of supply chain management it can be used… …   Wikipedia

  • Management — in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.