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Cost management defines the process of predicting future cost either on an individual or organizational basis.
It mostly involves management accounting practices in an attempt to minimize cost, expenditure, and to maintain a cost-effective budget for financial survival.
Depending on the nature of your business and the activities that you perform, your cost management structure will differ accordingly.
Wednesday, 11 May, 2016 / 12:54
Source : http://blog.argusfx.com/2016/03/25/cost-management_ideas/
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