Cost Management

Business, Legal & Accounting Glossary

Definition: Cost Management




What is the dictionary definition of Cost Management?

Dictionary Definition


Cost management is the process whereby companies use cost accounting to report or control the various costs of doing business.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/cost-management/
Modern Language Association (MLA):
Cost Management. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 23, 2021 https://payrollheaven.com/define/cost-management/.
Chicago Manual of Style (CMS):
Cost Management. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/cost-management/ (accessed: September 23, 2021).
American Psychological Association (APA):
Cost Management. PayrollHeaven.com. Retrieved September 23, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/cost-management/

Definition Sources


Definitions for Cost Management are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th February, 2020 | 2 Views.