Cost Control Management is an important business practice that helps organizations to reduce costs and increase efficiency. It involves analyzing, planning, and monitoring the costs associated with running a business. This includes analyzing the costs of materials, labor, overhead, and other expenses. It also involves identifying areas where costs can be reduced, such as streamlining processes or negotiating better prices with suppliers. Cost Control Management also includes developing strategies to reduce costs, such as improving productivity or reducing waste. Finally, it involves monitoring the costs associated with the business to ensure that they remain within budget. By utilizing Cost Control Management, businesses can reduce costs and increase their bottom line.