homage. n. 1. a public show of respect or honour towards someone or something (esp in the phrases pay or do homage to). 2. (Historical Terms) (in feudal society). a. the act of respect and allegiance made by a vassal to his lord. See also fealty.
Cost management is the process of planning and controlling the budget of a business.
A cost budget is a financial plan that addresses each major expense category, including financing and administrative costs.Cost budgets can be used as a monitoring tool, and they help coordinate the divisions or departments in an organization. cost budget is a financial plan that addresses each major expense category, including financing and administrative costs.