ITEM PARTICULARS REMARKS

Name of Student Prem Kumar Singh

Roll No./ Enrollment No PMM/2021/4400167/JM
Correspondence Address

Telephone/ Mobile No 7699843644

E-mail singh.prem68@gmail.com
Name of Guide Rajeev Kumar

Designation

Address
Proposed title of the project Cost Control and Cost Reduction Techniques

1. To understand the basic concept of

Cost, Cost Control, and Cost Reduction
2. To study various Tool and
Techniques available for Cost Control and
Problem under study Cost Reduction
3. To study the Cost Control and Cost
Reduction techniques used in
manufacturing sector.
4. To analyze the changes in
component cost after implementing these
techniques

A cost control & reduction programmed

should be all pervasive because cost
control & reduction is attainable in almost
Scope all the area of business activities. There
can hardly be any area of operation, which
cannot be improved. Cost reduction cover
a wide range of area like Purchasing,
SCM, Warehouse Management
substitution, tool design reduction in
wastes, innovation in marketing, etc. we
shall now study the critical area of
application of cost control & reduction
method.

“The Mission Hospital, Durgapur (A

 Unit Of Durgapur Medical Centre Pvt.
Ltd.)” is a 360 bedded, state-of-the-art
super specialty hospital, with cutting edge
Brief background of technology. Built in an area spanning three
organization where the acres it offers an array of facilities- digital
study will be conducted flat panel cath lab (Philips FD 10c), seven
major operation theatres with laminar
airflow and HEPA filters, 100 bedded
critical care unit, dedicated mother and
child care unit, 24 hour accident and
emergency department, blood bank and for
the first time, a fully computerized
pneumatic chute system (Sumetzberger,
Germany).
There are two methods of Data Collection.
The method adopted for this study is
Primary Data and Secondary Data as
well. This data includes Company’s
Methodology Profile, Employee’s Experience,
presentations, Exploratory and Descriptive
Methods which includes books, journals
and various websites for seeking
information regarding the

Cost Control focuses on decreasing the

total cost of purchasing marketing while
Conclusion/ cost reduction focuses on decreasing per
recommendations unit cost of a product. Cost Control is a
temporary process in nature. Unlike Cost
Reduction which is a permanent process.
The process of cost control will be
completed when the specified target is
achieved.
Approved/Not approved

Comment / Suggestion