What is cost controlling?
Cost controlling is the systematic monitoring, steering and influencing of a company’s costs. A distinction is made between the different types of costs: material costs, personnel costs, borrowing costs and other expense costs. The objective of cost controlling is to ensure optimal cost fairness and cost distribution in the company and thus to maintain or improve the company’s competitiveness. An effective control system must be able to detect even the smallest deviations from the intended target and derive appropriate measures.