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Cost Control and Monitoring

The control of the costs allocated to each project is the next level of cost control for the R D Manager. Monthly auditing is normally employed by companies, with the derivation of the necessary data easily done if the cost per unit system, described in Section B, 3.1.2.1, is used. It should be based on record of time actually spent on the project not on a notional figure. [Pg.115]

Let us again consider the example of the three projects being undertaken for the Surfactants Business Unit, given in Table B3. Four months have passed and the expenditure has been allocated as shown in Table B4. Each project can be compared with the expected spend in the annual plan. Project A is under budget, but this is not a problem since it is known that a higher rate of spend is due in the second half of the year. Project B is in line with planned expenditure. Project C [Pg.115]

Project Number of People Units Four Monthly Costs (Actual) Four Monthly Costs (Budget) [Pg.115]


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