Budget control is the process of managing and monitoring financial activities within a project or organization to ensure that expenses do not exceed allocated budgets. It involves several key activities:

1. **Budget Planning**: Creating a budget that outlines projected revenues and expenses based on project objectives and resource allocation.

2. **Monitoring Expenses**: Tracking actual spending against the budget to identify variances and ensure compliance with financial guidelines.

3. **Variance Analysis**: Analyzing differences between the planned budget and actual expenditures, investigating reasons for discrepancies, and implementing corrective actions as necessary.

4. **Forecasting**: Updating financial forecasts based on current spending trends and anticipated future expenses.

5. **Reporting**: Communicating budget status and variances to stakeholders through regular financial reports and analyses.

6. **Review and Adjustments**: Regularly reviewing the budget and making adjustments as needed to respond to changing circumstances or project requirements.

Effective budget control helps maintain financial health and supports the successful completion of projects or organizational objectives. Would you like more information on a specific aspect of budget control?