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What is Cost Control in Project Management?

What is cost control in project management? It is the task of overseeing and managing project expenses as well as preparing for potential financial risks. This job is typically the project manager’s responsibility.

Cost control involves not only managing the budget, but also planning, and preparing for potential risks. Risks can set projects back and sometimes even require unexpected expenses. Preparation for these setbacks can save your team time and potentially, money.

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