Document Control is Cost
Control
Cost control is a
matter of tracking the 4 phases of the Cost Control Cycle:
|
1. |
Meeting profit
opportunities with a concept, plans, and estimates of the cost |
|
2. |
Tracking the actual
cost of work in progress |
|
3. |
Analyzing the
variations between estimated and actual cost and schedule |
|
4. |
Strategic planning
for future opportunities |
|
Each stage in the
cycle requires complete documentation to record what was planned and how the
cost was estimated, as well as how the work was done and how changes affected
the cost and the schedule. A
professionally designed document control system takes all of these cost
accounting requirements into consideration, and works in such a way as to
make it easy to relate the programmatic content of the process documents to
the accounting records and reports that relate to each stage in the life
cycle of a program. David Cook’s
experience ensures a document control system that is properly aligned with
accepted accounting methods as well as the requirements of regulatory
agencies and self-regulating organizations. |
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Copyright © 2002, by
David Cook. All rights reserved.