Cost control is of utmost importance in every business concern, the negligience of which will affect the earnings at any point in time. In controlling costs, wastage is eliminated during the course of production and even during the administrative, selling and distribution activities. A good system of cost control begins with the behaviour of workers in the organisation as workers are instrumental to the achievement of organisational goals. In carrying out this research, budget was considered as the basic tool for achieving effective cost control and the study was concentrated on West African Portland Cement Plc (WAPCO), where cost control was viewed from a strategic perspective. Pearson correlation model was used in analysing the data and the hypotheses tested confirmed positive impact of cost control on the industries’ profitability.