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Cost Management
What is cost management?
Cost management is the process of planning and controlling the budget of a business. Having a good cost management system in place makes it easier for an organization to estimate and allocate its budget.
Cost management is a form of management accounting that helps a business reduce the chance of going over budget with more accurate forecasts of impending expenditures. Many businesses use cost management tactics for specific projects and for the overall business.
When applied to a project, expected costs are calculated while the project is being planned and are approved beforehand. All project expenses are recorded and monitored to ensure they align to the cost management plan. After the project is finished, the actual total costs are compared to the predicted costs. This analysis enhances future cost management predictions and cost budgeting.
While cost management is a general term relating to project cost management in any industry, it also often refers to estimating and managing cloud services costs to reduce cloud waste.
East Sussexis aceremonial countyinSouth East England. It is bordered byKentto the north-east,West Sussexto the west,Surreyto the north-west, and theEnglish Channelto the south. The largest settlement is the city ofBrighton and Hove, and the county town isLewes.
The county has an area of 1,792 km2(692 sq mi) and a population of 822,947.[5][6]The latter is largely concentrated along the coast, where the largest settlements are located: Brighton and Hove (277,105),Eastbourne(99,180), andHastings(91,490).[7]The centre and north of the county are largely rural, and the largest settlement isCrowborough(21,990).[7]Forlocal governmentpurposes, East Sussex comprises anon-metropolitan county, with five districts, and theunitary authorityof Brighton and Hove. East Sussex and West Sussexhistoricallyformed a single county,Sussex.
The north-east of East Sussex is part of theWeald, asandstoneanticlinethat was once an extensive woodland. The highest point in this area is Crowborough Hill (242 m (794 ft)), part of the High Weald uplands. The south-west of the county is part of theSouth Downs, a rollingchalkescarpmentthat stretches west into West Sussex and Hampshire.Ditchling Beacon(248 m (814 ft)) is the highest point. Where the downs reach the sea, they form high cliffs such as theSeven Sisters, where erodeddry valleyscreate an undulating skyline.[8]The county does not contain large rivers, but its largest are theRother, which forms part of the boundary with Kent, theCuckmere, and theOuse, which rises in West Sussex and flows throughLewesbefore reaching the English Channel atNewhaven.[9]
