cost monitoring

What Are the Key Components of Cost Monitoring?

Effective cost monitoring involves several key components:
Data Collection: Gathering accurate and comprehensive financial data related to health interventions and programs.
Cost Analysis: Analyzing the collected data to understand spending patterns and identify areas for improvement.
Budget Tracking: Keeping track of budget allocations and expenditures to ensure they align with planned activities.
Performance Metrics: Implementing performance metrics to measure the cost-effectiveness and efficiency of health programs.

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