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.
Long term planning is about setting the process by which the strategic plan will be achieved. It's about aligning your project to fit in with your strategic goals and coordinating departments so that they're in sync and ready to hit the organisations' targets.