Performance review phrases – Controlling costs

Controlling costs is a set of activities aimed at identifying and reducing business expenses to increase a company’s profits.

Exceptional/Superior:

  1. Rachel always makes everything she can to minimize business costs.
  2. Peter has developed a number of effective cost-cutting plans.
  3. Marta has successfully negotiated lower prices for products with suppliers of the company.
  4. Arthur does not waste the company’s money on useless things.
  5. Gloria never exceeds the budgets of her projects.
  6. Helen uses energy-saving measures to reduce the climate control system workload.
  7. Julia hires freelancers and independent contractors for less important tasks.
  8. Robert prefers to buy slightly used equipment for his department to save some money.
  9. Bruce always completes expenditure reports on time.
  10. Nigel uses both sides of the paper when printing documents to reduce costs.

Exceeds Requirements/More than Satisfactory:

  1. Valerie uses free software instead of paid products.
  2. Trevor allows his employees to work from home.
  3. Philipp prefers video conferences to travel or arranging meetings.
  4. George always powers down his personal computer and lights before going home.
  5. Donald has developed a cost reduction strategy that saved a lot of money for the company.
  6. Harry often comes up with cost-effective solutions.
  7. Jack prefers to send e-mails to colleagues instead of printing documents.
  8. Frank is constantly looking for ways to reduce costs.
  9. Laura prints documents only when it is necessary. She uses document-sharing applications instead.
  10. James manages to keep most of his projects under budget.

Meets Expectations/Satisfactory:

  1. Bruce pays invoices on time to prevent late payment penalties.
  2. Jennifer has insisted on installing motion sensor lighting to reduce energy costs.
  3. Nigel uses reusable packaging instead of one-time-use alternatives.
  4. Emma uses hibernation mode on her personal computer.
  5. Bruce is a good orator who has managed to negotiate lower prices with some of the company’s partners.
  6. Arnold uses only energy efficient light bulbs in his department.
  7. Rachel improves automation and simplifies work processes to reduce production costs.
  8. Samantha has purchased an energy-efficient climate system for her office.
  9. Monica keeps windows and doors closed when the climate system is working.
  10. Quentin is good at managing his department’s budget.

Provisional/Needs Improvement:

  1. George purchases expensive equipment without looking for alternatives. He needs to become more frugal.
  2. Elaine often pays invoices late, which leads to payment penalties.
  3. Sometimes Michael makes purchases impulsively.
  4. Jerry makes many mistakes in his expenditure reports.
  5. Robert does not want to turn off his computer at the end of the day.
  6. Aaron makes many unnecessary purchases for the department.
  7. Albert prints most of documents he is working with.
  8. Edward does not register some operations, which makes it hard to control costs.
  9. Brian never puts his personal computer on sleep mode.
  10. Rebecca fails to motivate her team to cost reduction.

Unsatisfactory:

  1. Cindy wastes the company’s money on useless things.
  2. Yvonne fails to keep her projects under the budget.
  3. Ronald thinks that videoconferences are useless and prefers to arrange standard meetings instead.
  4. Thomas buys expensive software even if it is not necessary.
  5. Oliver does not allow his employees to work remotely.
  6. Abigail often misuses allocated money.
  7. Rachel does not keep track of the company’s cash flow.
  8. Quentin is not able to write proper expenditure reports.
  9. David refuses to upgrade old computing hardware, which is slow and energy inefficient.
  10. Rachel does not want to outsource tasks even when it can reduce production costs.

Self Evaluation Questions:

  1. How do you keep track of your team’s monthly costs?
  2. Have you ever used the company’s money for personal expenses?
  3. What do you do in order to reduce production costs?
  4. Do you find managing expenses difficult?
  5. Do you use professional expense tracking software to optimize budgets?
  6. What software do you use to manage business expenses data?
  7. Do you scan and track business expense receipts and statements?
  8. How often do you negotiate contracts with the company’s partners?
  9. Have you ever developed successful cost reduction plans?
  10. Do you have a strategy for minimizing the company’s losses?

 

The sample of performance review phrases for controlling costs is a great/helpful tool for periodical/annual job performance appraisal. Note that, controlling costs review phrases can be positive or negative and your performance review can be effective or bad/poor activities for your staffs.

If no matching phrase is found, you can also see a general list of performance review phrases and choose a more appropriate skill.

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