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.
What Is the Planning Process? The planning process is the steps a company takes to develop budgets to guide its future activities. The documents developed may include: Strategic plans (long-range, high-level company goals)