Professional Documents
Culture Documents
Cost control aims at achieving standards. cost reduction aims at improving the
standards.
The main stress is on the present and past Emphasis is given partly on the present
behavior of costs. costs and largely on future costs.
Contd…
costs are optimized before they are There is always assumed a scope for
incurred. reducing the incurred cots under
controlled conditions.
Contd…
contains guidelines and directive of Adds thinking and analysis to action at all
management as to how to do a thing. levels of management.