cost control


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cost control

[′kȯst kən′trōl]
(industrial engineering)

cost control

Management of a project to ensure that construction costs do not exceed the budgeted amount.
References in periodicals archive ?
This entails looking at what level of understanding of IT cost drivers in the business operations they have, how they rank these and what cost control measures they perceive to be the most effective as well as to what extent they use them.
Nokia Cost Control can be implemented with the Nokia Intelligent Network platform and the Nokia Unified Charging Suite, a solution for convergent charging.
Ask whether the client's insurance carriers use incentive reimbursement systems that reward physicians and hospitals for effective utilization and cost control.
This report offers a comprehensive review and explanation of a large number of effective IT cost control and quality assurance measures.
In February 2004, FAA established the Air Traffic Organization (ATO) to take over its entire Air Traffic operations and established cost control as a major focus.
PK) , a diversified holding company with early-mover initiatives in the telecommunications and wireless auction space, and proprietary restaurant and hospitality industries software, today announced that it completed the acquisition of Cost Control Corporation.
The faculty consists of more full-time teachers than most other music schools, and Berklee's financial aid program is merit-based, with about 80 percent of aid allocated largely on the strength of applicant auditions and subsequent performance at the school Tuition at the college is about 20 percent below that of other private music schools--a tong-standing practice made possible by economies of scale (Berklee is about five times larger than most conservatories), a disciplined approach to cost control, and revenues from a large summer program.
Still, "it does not necessarily drive the demand for higher brightness pigments since this is occurring in a weak market where cost control is vital to long-term viability," noted Olson.
Epps believes that without a cost control mechanism, political pressure will eventually force a moratorium on new construction of nursing home facilities.
The Clintons already compromised on serious cost control by not mandating global budgets (set amounts a state or set of providers can spend, a feature of most other successful health systems and of single payer).