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Management planning is the process of assessing an organization's goals and creating a realistic, detailed plan of action for meeting those goals. Much like writing a business plan, a management plan takes into consideration short- and long-term corporate strategies.
Cost management is the process of planning and controlling the budget of a business.Cost management is a form of management accounting that allows a business to predict impending expenditures to help reduce the chance of going over budget.mplementing a cost management structure for projects can help a business keep their over-all budget under control. Several business intelligence (BI) programs, such as Oracle Hyperion, offer cost management software to help businesses monitor costs and increase profitability.