scholarly journals Cost Control Method and Software in Bidding Process Based on Gray System Forecast

2014 ◽  
Vol 2014 ◽  
pp. 1-6
Author(s):  
Xi-Liu Zhou
Keyword(s):  
Construction Projects ◽  
Cost Control ◽  
Control Method ◽  
Social Economy ◽  
Experimental Results ◽  
Control Software ◽  
Gray System ◽  
Fast Development ◽  
The Cost ◽  
Bidding Process

With the fast development of social economy, the competition between enterprises in construction projects becomes more and more serious. The cost control method is proposed to the bidding process of enterprises based on the gray system forecast. At the same time, the cost control software is also constructed to the bidding process of enterprises. Experimental results suggest that the proposed approach is feasible and correct.

Talking about the Project Cost Management

2011 ◽  
Vol 71-78 ◽  
pp. 4596-4599
Author(s):  
Bao Xia Cui ◽  
Aai Lin Zhang
Keyword(s):  
Basic Concept ◽  
Cost Control ◽  
Control Method ◽  
Cost Management ◽  
Focal Point ◽  
Project Cost ◽  
The Cost

This paper mainly analyze the cost management from basic concept, cost control method in construction and principal in cost management. The control focal point of the cost management is emphasized in every stage.

scholarly journals A New Cost Management System for Construction Projects to increase Competitiveness and Traceability in a Project Environment

2021 ◽  
Vol 24 (1) ◽  
pp. 31-47
Author(s):  
Hossein Toosi ◽  
Arezou Chamikarpour
Keyword(s):  
Construction Projects ◽  
Competitive Ability ◽  
Cost Control ◽  
Control Method ◽  
Cost Management ◽  
Structured Interview ◽  
Activity Based Costing ◽  
Project Environment ◽  
Target Cost

Un nuevo sistema de gestión de costes de proyectos de construcción para aumentar la competitividad y la trazabilidad para entornos de proyectos. El objetivo principal de la investigación es utilizar nuevos métodos de cálculo de costes en los proyectos de construcción para reducir y controlar las desviaciones de costes y algunas limitaciones que presentan los modelos tradicionales. La hipótesis de la investigación se basa en la capacidad sinérgica del cálculo de costes basado en actividades centradas en el rendimiento, en combinación con el método de cálculo de costes objetivo para fomentar la competitividad del sistema de control de costes para entornos de proyectos. El método se elaboró para controlar los gastos directos y generales del proyecto durante su ejecución. Se realizó una entrevista con 26 directores financieros en dos o cuatro ocasiones entre junio de 2016 y mayo de 2017 con el fin de validar y modificar el método. Siguiendo una entrevista semiestructurada, el método propuesto contribuyó a aumentar la precisión, la certidumbre y la rastreabilidad de los costes y proporcionó la integridad del sistema contable, técnico y operacional. Además, se analizan las desviaciones y se reducen los costes al considerar las condiciones competitivas y estratégicas. También se limita el coste objetivo de los paquetes de trabajo y se genera una alerta al finalizar cada uno de ellos. Además, de acuerdo con el test de Friedman, existe una capacidad competitiva significativa en comparación con el método convencional de control de costes en los proyectos y también se aplica en un estudio de caso. This research proposed a new method for project cost management based on Competitiveness and traceability in a case study and operational situation. The research hypothesis is based on the synergistic ability of performance focused activity-based costing in combination of the target costing method for encouraging competitiveness cost control system for project environments. The method was developed to control, direct and overhead costs of the project during its progress. Also, it uses the feature of activity-driven and different resource drivers to determine the types of costs with the effect of time driver for each activity. An interview was conducted with financial managers during two to four times with the aim of validating and modifying the method. According to a semi-structured interview, the proposed method contributed to increase the precision, certainty, traceability of costs and provided the integrity of the accounting, technical and operational system. It also analyzes deviations and reduces costs by considering competitive and strategic conditions. It's also limiting the target cost of work packages and causing an alarm on the completion of each. According to Friedman test, there is a meaningful competitive ability compared to the conventional cost control method in the projects and it is also implemented in a case study.

How to Reasonably Control the Project Cost

2018 ◽  
Vol 2 (3) ◽  
Author(s):  
Xuhua Shao ◽  
Yayong Li ◽  
Runbing Yang ◽  
Chunhui Chen
Keyword(s):  
Cost Control ◽  
Rapid Development ◽  
Social Economy ◽  
Reference Value ◽  
Economic Benefits ◽  
Vital Role ◽  
Control Measures ◽  
Project Cost ◽  
Construction Project Cost ◽  
The Cost

In recent years, with the rapid development of China’s social economy, significant advances have also been made in the field of construction engineering. At the same time, with the advancement of urbanization and the increase in the demand for the construction of various infrastructure and service facilities, the number of construction projects has continued to increase. In project construction, project cost control plays a vital role. Implementing effective cost control measures at all stages of the project is an important task to ensure the company's economic benefits. Hereon, this article focuses on the importance of project cost, the factors that affect the cost control, and the related measures to reasonably control the cost at various stages of the project. It is hoped that this will have a certain reference value and will contribute to the improvement of project cost management and control. 

scholarly journals MULTIPLE-ACTOR COST CONTROL AND MANAGEMENT SYSTEM: THE UML BLUEPRINT

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Hany Leon ◽  
Maged Georgy ◽  
Moheeb Ibrahim
Keyword(s):  
Management System ◽  
Construction Projects ◽  
System Analysis ◽  
Cost Control ◽  
Analysis And Design ◽  
Chain Of Command ◽  
Computer Based ◽  
Integrated Cost ◽  
Control And Management ◽  
The Cost

Proper cost control and management is pivotal for the success of construction projects and companies alike. However, several of the systems in usage are fragmented, especially in regards to how cost data at the project, department and company levels are portrayed. This is particularly observed when companies carry a sizeable portfolio of projects in diverse and sometimes remote locations. This calls for establishing an integrated cost control and management system capable of addressing these deficiencies while portraying the cost status at various levels of the company’s chain of command. Paper introduces an information system (IS) developed for such purpose and which pools multiple actors in the company’s hierarchy. It has the potential to streamline the dataflow between the different departments and throughout the company’s chain of command. System’s functionality is based on the Object-Oriented (O-O) approach and the Unified Modelling Language (UML) known in System Analysis and Design (SAD) of computer-based IS.

scholarly journals How to Reasonably Control the Project Cost

2018 ◽  
Author(s):  
Xuhua Shao ◽  
Yayong Li ◽  
Runbing Yang ◽  
Chunhui Chen
Keyword(s):  
Cost Control ◽  
Rapid Development ◽  
Social Economy ◽  
Reference Value ◽  
Economic Benefits ◽  
Vital Role ◽  
Control Measures ◽  
Project Cost ◽  
Construction Project Cost ◽  
The Cost

In recent years, with the rapid development of China’s social economy, significant advances have also been made in the field of construction engineering. At the same time, with the advancement of urbanization and the increase in the demand for the construction of various infrastructure and service facilities, the number of construction projects has continued to increase. In project construction, project cost control plays a vital role. Implementing effective cost control measures at all stages of the project is an important task to ensure the company's economic benefits. Hereon, this article focuses on the importance of project cost, the factors that affect the cost control, and the related measures to reasonably control the cost at various stages of the project. It is hoped that this will have a certain reference value and will contribute to the improvement of project cost management and control. 

Research on Applying the Total Quality Management to Implicit Cost Control in Construction Projects

2011 ◽  
Vol 368-373 ◽  
pp. 3150-3154
Author(s):  
Bin Lin Shao ◽  
Fan Wang ◽  
Zhuo Chen
Keyword(s):  
Quality Management ◽  
Total Quality Management ◽  
Construction Industry ◽  
National Economy ◽  
Core Competence ◽  
Construction Projects ◽  
Cost Control ◽  
Difficult Problem ◽  
Total Quality ◽  
The Cost

Construction industry is one of the pillar industries in national economy. In this field, how to control the implicit cost is a difficult problem to the cost control in construction projects. This text analyses the measures about implementing total quality management in construction projects, which aims to control the implicit cost in a more effective way and will increase the benefit and core competence of enterprises.

Qualitative Analysis on the Cost Control and Construction Engineering Project Management

2012 ◽  
Vol 433-440 ◽  
pp. 1705-1709
Author(s):  
Tao You ◽  
Zhuo Hong Yao ◽  
Wei Wang
Keyword(s):  
Project Management ◽  
Qualitative Analysis ◽  
Cost Control ◽  
Control Method ◽  
Rapid Development ◽  
Engineering Industry ◽  
Engineering Project ◽  
Engineering Project Management ◽  
Slow Development ◽  
The Cost

A qualitative analysis has been made on the slow development of the engineering project management and corresponding cost control method which has been the bottleneck of the rapid development in the engineering industry and construction production. The economic development of the market and the changing investigation subjects urgently need the reform and renewal to the current engineering project management and the cost control. The unification of engineering project management system in China to the international practice after reform not only adapts the requirements of national economic market development, but also creates conditions for the Chinese construction enterprises to participate in the international construction market successfully.

Discussing the Influence of BIM for the Construction Project Cost

2013 ◽  
Vol 357-360 ◽  
pp. 2533-2536 ◽  
Author(s):  
Hao Kai Zheng ◽  
Jian Wen Cao
Keyword(s):  
Life Cycle ◽  
Life Cycle Cost ◽  
Construction Projects ◽  
Cost Control ◽  
Control Method ◽  
Construction Project ◽  
Present Situation ◽  
Positive Role ◽  
Construction Project Cost ◽  
Building Life Cycle

The phenomenon of budgetoverruns is common in the construction projects. The lack of overall projectinformation is the important reasons of causing budget overruns. BIM, as a kindof highly integrated information model, will play a positive role in thebuilding life-cycle cost control. This paper points out the disadvantages oftraditional cost control method, introduces the influence of BIM on costcontrol in different stages of building life-cycle, and briefly describes the present situation and futuredevelopment of BIM.

Based on Factor Analysis of Building Influencing Factors System of the Highway Construction Project's Cost

2013 ◽  
Vol 357-360 ◽  
pp. 2603-2609 ◽  
Author(s):  
Li Ming Xia ◽  
Kun Lin Song ◽  
Zhi Qiang Deng
Keyword(s):  
Factor Analysis ◽  
Influencing Factors ◽  
Construction Projects ◽  
Cost Control ◽  
Highway Construction ◽  
Cost Controlling ◽  
The Cost

Building of highway construction projects cost influencing factors system is the key to cost controlling. This paper analyses actual division of the projects cost about section two of coastal avenue north and coastal avenue south extension and Nan gang highway, and draws out the cost of primary and secondary influencing factors. Besides, based on factor analysis this paper establishes influencing factors system of highway construction projects cost, and provides reference for cost control.

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