ABSTRACT
This chapters reviews: Control means taking charge and actively affecting changes to meet the project objective. Whoever is responsible for cost control must make arrangements with the accounting staff to have pertinent data included in the Code of Accounts Accountants and engineers are not only physically separated within an organization, their training and experience are quite different, often causing conflicting points of view. The term cashflow is used when it should be cost flow. We cannot even find a distinction between the two terms in some literature dealing with project management! One of the reasons may be that accountants prepare the cost reports for project management based on cash disbursements. The input into the cost control cycle () shows Project objective and scope definition are closely related. Under conventional cost control, budgets and schedules are usually not integrated ().
