TABLE OF CONTENT
Title Page i
Table of Content v
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study 1
1.2 Statement of the Problem 3
1.3 Objective of the Study 3
1.4 Significance of the Study 4
1.5 Research Question 5
1.6 Scope of the Study 6
1.7 Organization and Plan of the Study 6
1.8 Definition of the Key Terms 7
CHAPTER TWO: LITERATURE REVIEW
2.1 Cost Control Techniques 9
2.2 Cost reduction Techniques 14
2.3 Effective Cost Control 16
2.4 Value Analysis and Engineering 17
2.5 Appraisal of Literature Review 18
RESEARCH METHODOLOGY AND DATA ANALYSIS PROCEDURE 20
3.1 Population and Sample Size 28
3.2 Sampling Techniques 29
3.3 Method of Data Analysis 29
3.4 Limitation of the Study 30
DATA PRESENTATION AND DATA ANALYSIS 31
4.1 Data Presentation 32
4.2 Data Analysis 33
4.3 Findings 38
SUMMARY CONCLUSION AND RECOMMENDATION 40
5.1 Summary 40
5.2 Conclusion 42
5.3 Recommendation 43
1.1 BACKGROUND TO THE STUDY
One of the means of measuring the performance of an organization management is its efficiency. Efficiency relates to the optimum utilization of inputs to derive the best achievable output. An efficient manager executes his responsibilities with the last resources and maximum output to accomplish the organizational goals.
An important goal at a profit oriented organization is to operate at a profit. However, if now effort to generate maximum revenue is not cost efficient, it will only be more difficult to achieve the goal. As strategies are employed to maximum returns on one hand, it is of equal importance for the management to institute conscious and methodical programmes that would assist in controlling and reducing the resources input in order the revenue will not be totally consumed by astronomical expenses.
We thus discussed the two techniques that could assist management to maximize cost namely: Cost Control and reduction techniques for the purpose of this study. We shall call them Cost Management techniques (CMS). We viewed Cost Control to be an application of costing to enable management to compare the actual cost with planned cost and to take any necessary corrective action before it is too late. Before any control can be affected, the standard or target of performance must be set against with actual cost can be measured through this method inefficiency will be revealed.
RUFUS, O (2022). Cost Control and Reduction Techniques in a Public Sector (A Case Study of Kwara State Property Development Cooperation). Afribary. Retrieved from https://afribary.com/works/cost-control-and-reduction-techniques-in-a-public-sector-a-case-study-of-kwara-state-property-development-cooperation
RUFUS, OWOLABI "Cost Control and Reduction Techniques in a Public Sector (A Case Study of Kwara State Property Development Cooperation)" Afribary. Afribary, 06 Jan. 2022, https://afribary.com/works/cost-control-and-reduction-techniques-in-a-public-sector-a-case-study-of-kwara-state-property-development-cooperation. Accessed 18 Aug. 2022.
RUFUS, OWOLABI . "Cost Control and Reduction Techniques in a Public Sector (A Case Study of Kwara State Property Development Cooperation)". Afribary, Afribary, 06 Jan. 2022. Web. 18 Aug. 2022. < https://afribary.com/works/cost-control-and-reduction-techniques-in-a-public-sector-a-case-study-of-kwara-state-property-development-cooperation >.
RUFUS, OWOLABI . "Cost Control and Reduction Techniques in a Public Sector (A Case Study of Kwara State Property Development Cooperation)" Afribary (2022). Accessed August 18, 2022. https://afribary.com/works/cost-control-and-reduction-techniques-in-a-public-sector-a-case-study-of-kwara-state-property-development-cooperation