Improve Responsibility Cost Management Level of Construction Enterprise by Information System

2014 ◽  
Vol 584-586 ◽  
pp. 2297-2300 ◽  
Author(s):  
Na Cao
Keyword(s):  
Information System ◽  
Cost Management ◽  
Market Competition ◽  
Management Model ◽  
Sufficient Information ◽  
Construction Enterprise ◽  
Management Level ◽  
Internal Information ◽  
Responsibility Cost ◽  
The Cost

In order to survive in the fierce market competition, construction enterprise must be able to provide high quality and low cost building products. The cost management level of enterprise determines its ability to obtain economic benefits. The responsibility cost management mode that involves everyone participation could enhance management level of enterprises. To eliminate internal information island and information asymmetry, information should communicate between each cost management department. The responsibility cost management model of internal information circulation covers the whole process of project, the cost of project could be reflected timely and accurately, the sufficient information could provide support for every manager decision, then the effectiveness and overall level of responsibility cost management could be enhanced. Thus, with the help of information system, construction enterprise could form a scientific and standardized management model.

Research on Project Cost Management Model of Ecological Construction

2011 ◽  
Vol 480-481 ◽  
pp. 1197-1200
Author(s):  
Feng Liu ◽  
Jun Min Wang
Keyword(s):  
Project Management ◽  
Energy Consumption ◽  
Construction Projects ◽  
Cost Management ◽  
Building Energy ◽  
Management Model ◽  
Building Energy Consumption ◽  
Specific Cost ◽  
The Cost ◽  
Ecological Construction

In recent years, in order to reduce building energy consumption in China, and vigorously promote the development of ecological construction, the paper studies disadvantages of the cost of traditional project management applications in the ecological construction projects, exploring specific cost management adapt to the ecological construction project.

Study on Cost Management Informatization of the Hydroelectricity Construction Enterprise

2013 ◽  
Vol 438-439 ◽  
pp. 2017-2021
Author(s):  
Xiao Na Chai ◽  
Wei Jun He
Keyword(s):  
Sustainable Development ◽  
Cost Management ◽  
Reference Value ◽  
Three Gorges ◽  
The Sustainable Development ◽  
Construction Enterprise ◽  
Profit Margins ◽  
Construction Enterprises ◽  
The Three Gorges ◽  
The Cost

In the environment of the lowest price winning the bid, competition among the hydroelectricity construction enterprises has become increasingly fierce. For the sustainable development, they have to take low profit margins, even at the cost price for the successful bid. So the cost management, as one part of reducing expenditure of the hydroelectricity construction enterprises, is important. According to the investigation of the current situation of the cost management of The Three Gorges Company Gezhouba Group Co., Ltd, this paper proposes the method establishing the cost analysis database and the concrete steps, intending to improve the efficiency of the cost accounting and analysis by means of the information technology, and win the bidding competition advantages for the hydroelectricity construction enterprises. Meanwhile, this paper hopes that the measure has some reference value for the same industry.

scholarly journals Evaluation of Impact of Cost Information System: A Case Study of Credit Institution and Construction of Houses for Navy Employees

2020 ◽  
Vol 5 (4) ◽  
Author(s):  
Patrícia Dos Santos ◽  
Marcelo Albuquerque De Oliveira ◽  
Gabriela Veroneze ◽  
Marcelo Pereira
Keyword(s):  
Decision Making ◽  
Information System ◽  
Cost Management ◽  
System Quality ◽  
Credit Institution ◽  
Cost Information ◽  
Perceived Utility ◽  
The Cost

The objective of this work was to evaluate how Federal Government's Cost Information System (CIS) contributed positively in the decision-making of cost management in the Caixa de Construções de Casas para o Pessoal da Marinha (Credit Institution and Construction of Houses for Navy Employees). This research proposed the hypothesis that the variables of the Cost Information System (CIS), classified by this work in System Quality (SIST-Q), Information Quality (Q-INFO) and Perceived Utility (P-UTILI) generate positive effect on decision making in the more efficient allocation of expenses at federal autarchy. The study was carried out through a “Case Study”, using descriptive statistics and the Confirmatory Factor Analysis technique, based on an information systems assessment model widely studied in the literature, proposed by Delone and Mclean. The survey results suggest that there is a moderately consistent scale for measuring the effectiveness of the Cost Information System (CIS), which is made up of the three latent variables: quality of the system, quality of information and perceived utility. It was evaluated that the CIS does not produce results for cost management because the management information extracted from the system is not used for decision making by managers. Additionally, a performance indicator was suggested to monitor federal autarchy's cost management. This work suggests that new research be carried out with other organizations that use the CIS in order to better understand the needs of organizations regarding the adequacy of the System to their needs.

Discussion on Objective-Cost Planning for Construction Project Objective-Total Cost Management

2014 ◽  
Vol 638-640 ◽  
pp. 2323-2326 ◽  
Author(s):  
Shu Min Nie ◽  
Jun Yan Liu
Keyword(s):  
Cost Management ◽  
Construction Project ◽  
Building Construction ◽  
Median Income ◽  
Construction Enterprise ◽  
Total Cost ◽  
Cost Center ◽  
Cost Planning ◽  
Management Method ◽  
The Cost

The construction project for the construction woks is the cost center of the construction enterprise and the standpoint of the cost management for the construction enterprise, strengthening the cost management is the inevitable choice of the construction enterprise to accumulate the funds and enhance the competitiveness. Since the construction project period is long, it is complex to recognize the median income and measurement of the intermediate cost, and the bidding period and the cost incurred after putting into use are uncertain, the traditional cost management method no longer meets the practical needs of the management for the building construction enterprise. This requires us to be innovative in the cost management mode of the construction project, and make a scientific estimation in the future level of cost and possible future trends through the objective-cost planning research of the construction project.

scholarly journals Research on Water Conservancy Project Construction and Operation Management based on Cost Management

2021 ◽  
Vol 276 ◽  
pp. 01034
Author(s):  
Liu Xingwen
Keyword(s):  
Cost Management ◽  
Operation Management ◽  
Water Diversion ◽  
Expansion Joint ◽  
Expansion Joints ◽  
Petroleum Asphalt ◽  
Management Level ◽  
Water Conservancy Project ◽  
Water Conservancy ◽  
The Cost

With the development and progress of the economy and society, the management level of my country’s construction projects has also been greatly improved, especially in the construction of water conservancy projects, and the cost management in the process has made significant progress; the water conservancy industry is in order to improve the market of enterprises. Competitiveness, to increase the market share of the company, it is necessary to improve the management level of the company in an all-round way, and maximize the economic benefits of the company.In order to improve the efficiency of cost management and operation management in the construction of water conservancy projects, this study conducts a theoretical analysis of the project cost management, taking the reinforcement treatment of the expansion joints of the culverts of the main canal project of the first phase of the water diversion water supply as a research case, and analyzes the expansion joints of the culverts of the project. This paper conducts a comprehensive investigation, proposes a repair plan using chemical bonding with external TPO waterstop and PTN petroleum asphalt polyurethane joint material, and makes a detailed investment estimate for project implementation. The results show that the bonding externally attached TPO waterstop and PTN petroleum asphalt polyurethane joint materials can meet the needs of this design for strengthening and strengthening the waterstop of the expansion joint of the culvert. The total static investment of construction engineering, mechanical and electrical equipment and installation engineering, construction temporary engineering, independent costs and basic reserve costs is 4,585,800 yuan, of which the total cost of underdrain expansion joint treatment is 3,594,600 yuan, which is in line with expectations, indicating that the water conservancy project of this design. The cost management plan is feasible.

scholarly journals Proactive Cost Management Model for Building Projects

2021 ◽  
pp. 84-104
Author(s):  
Yusuf Joe Gandu ◽  
Yakubu Gimson Musa-Haddary ◽  
Yakubu Micheal Zaki
Keyword(s):  
Best Practice ◽  
Cost Management ◽  
Building Design ◽  
Cost Data ◽  
Management Model ◽  
Building Projects ◽  
Proactive Management ◽  
Significant Difference ◽  
Cost Growth ◽  
The Cost

Aim: Scholars are persistent in calling for proactive management of construction characteristics. Lack of a feasible model continues to daunt the cost objective in the sector. A framework was developed to guide this process of developing a feasible one. This research complements the recommendation aimed at developing a proactive cost management model for building projects.  Study Design: a set of prototyped residential building design was obtained and bill of quantities prepared. Historical cost data collated through secondary sources for ten years was used to generate unit rates and elemental cost history of the prototyped design. The cost of the prototype design was estimated forty times and the yearly incremental or growth rate of each element computed. Study Area: Relevant data was collated in Nigeria. Cost data was extracted from the market research reports of the Nigerian Institute of Quantity Surveyor’s quarterly publications. Methodology: the research is underpinned on three constructs that, with best practice, proper knowledge management and predictions the proactive cost management can be attained. Geometric mean was used to compute the cost growth rates and a mathematical forecasting model using incremental rate principle developed. Best Practice Modules and Lessons Learned Mechanism subsystems were also created. Results: The three subsystems synthesised into the desired proactive cost management model predicts the likelihood of flawed activity and the culpability of associated stakeholder. The mathematical model forecast true cost growth of building elements at various milestone for possible contingency plan. There’s no significant difference between estimates and forecast values generated by the model, and the strength of the linear relationship is strong at 0.929571. Conclusion: This is a feasible tool for stakeholders’ proactive cost management.  Stakeholders in building contracts can use the model from inception to finish. Project can better be managed and cost efficacy assured.

Research on the Cost Management of Construction Machinery Based on Lean Thought

2013 ◽  
Vol 391 ◽  
pp. 362-365
Author(s):  
Qian Qian Zheng ◽  
Yun Ning Zhang
Keyword(s):  
Production Efficiency ◽  
Cost Management ◽  
Maximum Output ◽  
Construction Enterprise ◽  
Construction Machinery ◽  
Construction Project Cost ◽  
Value Flow ◽  
Important Position ◽  
Fierce Competition ◽  
The Cost

In recent years, with the continuous improvement of construction mechanization, construction machinery has become important business productivity in construction enterprise. If who wants to gain advantages in the fierce competition in the market, the most fundamental method is under the premise of quality assurance,implementing comprehensive cost management, using minimal input to gain the maximum output, and creating the maximization economic profit. In view of the important position of construction machinery in the construction enterprise, and the influence of cost, the paper puts forward to lean thought, establish construction project cost control management pattern, built a system of value flow, specific measures on reducing construction machinery cost for increasing the enterprises production efficiency and economic benefit.

scholarly journals Improving the Cost Management System at a Construction Enterprise

2021 ◽  
Vol 3 (518) ◽  
pp. 225-231
Author(s):  
M. V. Volkova ◽  
◽  
A. B. Shved ◽  
Keyword(s):  
Management System ◽  
Financial Stability ◽  
Construction Projects ◽  
Cost Management ◽  
General System ◽  
Construction Enterprise ◽  
Managerial Decisions ◽  
Economic Entity ◽  
Cost Management System ◽  
The Cost

The article improves the cost management system of construction enterprise. It is specified that the process of managing costs at a construction enterprise depends on the efficiency of the existing general system of the organization management and the level of use of certain methods and instruments by which effective managerial decisions are made to ensure financial stability. A definition of a system of cost management of construction enterprise is provided, whereby the system of economic interests and management methods of directed influence on the interests of the economic entity in order to coordinate them with different groups of stakeholders to comply with the relevant proportions in the formation of costs is meant. It is noted that today, in the face of stiff competition in the construction industry of Ukraine and negative trends in the country’s economy related to the COVID-19 pandemic, solution to the issues of improving the cost management system should be based on the concept of strategic management, management in terms of special purpose self-cost, target-costing and kaizen-costing as means of achieving the specified construction enterprise costs. It is concluded that the improvement of the cost management system of construction enterprise is possible on the basis of making effective managerial decisions based on the use of scientifically based approaches to analyzing the cost structure, planning the level of costs, planning profits taking into account the amount of expenses made, along with implementation of an effective system of motivation of employees to control and reduce costs, etc. The proposed cost management system of construction enterprise will allow to organize and purposefully implement a policy of comprehensive reduction of the self-cost of construction products, rationally invest in modern construction projects, and implement the set strategic goals.

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