Weld heat input/cooling rate (affected by welding process, parameters, technique, tooling, etc.) was found to influence the microstructural characteristics and segregational features in alloy 718 welds, with low heat inputs proving beneficial. Laves phase formed in the interdendritic regions of the weld metals as a result of segregation. The morphology and composition of Laves phase depended strongly on heat input/cooling rate and influenced its response to subsequent homogenization post-weld heat treatment. The various factors affecting the formation and control of Laves phase in alloy 718 welds are highlighted.