الفهرس 
INTRODUCTIONOnly 14 pages are availabe for public view
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Abstract
Cost control is an important activity in project management, excess cost may make project temporary stop or even cancelled. It also raises the final price for the end user, so we had to discuss the ways we can control the project budget.The term “Cost” is defined by Dictionary.com (an application of iPod Touch™) as the pricepaid to acquire, produce, accomplish, or maintain anything. Whereas the term “Control” in Dictionary.com, it defines “Control” as the act or power of controlling; regulation; dominationor command. For construction industry, the term “Cost” should be referred to the amount paidby a party; either a person or a corporation, to another party; normally a contractor, either toconstruct a complete building or a particular section of a building. And for the term “Control”in construction industry, it should be referred to an official mean of regulation or restraint inthe management of the project.One of the principal objectives of Cost Control for most projects or organizations is theachievement of minimum cost for a particular project. Achievement of minimum cost is tomaximize the profit and profit in simple terms is what is left after all the income accruing tothe enterprise has been received and all of the costs or outgoings have been paid. For allconstruction projects, cost must be monitored and controlled, whether from the point of viewof owner, designer or a contractor.Time is a very important variable in project management because lost time means lost moneyand project delay means more overheads, more indirect cost, penalties according to contract,losing money due to time value.Cost control means to monitor and control both elements cost and time and it starts in projectearly phases including all project activities.Once the construction cost is out of control, it will lead to a great waste and will bring aboutmore pressures for property management in later. There has in recent years been a great needfor an understanding of construction economics and cost control, particularly during thedesign stage of projects.One of the aims of cost control is to construct at the cheapest possible costs consistent with theproject objectives.In that way Earned Value Management method is considered as the optimalmethod for controlling the project costs.