The cost control
Example: Cost control reduces expenses while maintaining required quality and performance levels
Definition
"The cost control" refers to the process of monitoring, managing, and regulating expenses within an organization or project to ensure that spending does not exceed budget limits, while maintaining the required quality and performance levels.
Etymology
The term "the cost control" combines "cost," derived from the Old French 'coste' meaning expense or price, and "control," from the Old French 'contrerole,' meaning to check or regulate. Together, they reflect the practice of overseeing financial expenditures to keep them within set limits.
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"The cost control" appears in the Vocaplus list "English - Management - (A1-C2) - set 1", containing 108 commonly used words.
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