Cost control methods are techniques used to identify, manage and reduce the costs of doing business. These techniques involve monitoring and evaluating performance against budget expectations, then taking proactive steps to correct any deviation from budgeted figures. By staying on top of costs, businesses can improve their efficiency and profitability. Cost control methods can also help organizations make better use of their resources by identifying areas where spending can be reduced or streamlined. Ultimately, these methods help businesses become more competitive while continuing to deliver quality products and services.