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What is Cost Control in Project Management?

1 min read
Artem Gurnov
Artem Gurnov Director of Account Development, Wrike
See Wrike for PMO

What is Cost Control in Project Management?

Cost control is the task of overseeing and managing project expenses and preparing for potential financial risks. This is typically the project manager's responsibility. Cost control involves managing the budget, as well as 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.

Further reading:


Advanced Terminology 5 questions
What Is Change Management in Project Management? What Is Cost-Benefit Analysis in Project Management? What is Cost Control in Project Management? What is Cost Management in Project Management? What is Cost Variance in Project Management?
Artem Gurnov

Artem is a Director of Account Development at Wrike. He previously held the role of Project Manager, overseeing a team of customer success managers (CSMs). Over the years of building teams and scaling business processes, he has successfully deployed multiple projects, from automating client outreach to setting up work prioritization tools for sales reps and CSMs.