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.

Study on the Cost Control of Construction Project

2014 ◽  
Vol 638-640 ◽  
pp. 2351-2354
Author(s):  
Ying Zhang ◽  
Si Yu Zhuang
Keyword(s):  
Cost Control ◽  
Cost Management ◽  
Construction Project ◽  
Control Measures ◽  
Engineering Practice ◽  
Project Cost ◽  
Engineering Construction ◽  
Construction Project Cost ◽  
Engineering Construction Project ◽  
The Cost

Cost control of engineering construction project is a complex system engineering, which needs to implement a scientific and comprehensive dynamic management. This paper expounds the connotation and significance of the cost control of engineering construction project, the systematically discourses the project cost management subject program and work content, and considering the engineering practice, emphatically analyzes cost management and cost control measures in the construction phase, to help construction enterprise do the job of engineering construction project cost control, and to improve the service efficiency of funds of infrastructure construction.

Analysis on the Problems and Measures to the Construction Project Cost Management

2014 ◽  
Vol 971-973 ◽  
pp. 2458-2461
Author(s):  
Zhao Xia Ma ◽  
Guang Cai Yan
Keyword(s):  
Cost Management ◽  
Construction Project ◽  
Project Cost ◽  
Technology Application ◽  
The People ◽  
Management Concept ◽  
Construction Project Cost ◽  
Existent Problem ◽  
The Cost ◽  
Information Technology Application

To survive and prosper in a more competitive construction market nowadays, a company must strengthen the cost management of construction project. This paper expounds the present situation of the construction project cost management, existent problem in the process of the construction project cost management. Countermeasure analysis of perfecting the construction project cost management is discussed in respect to the management concept and method, information technology application, the people-oriented and sustainable concept of development.

Study on the Relationships of the Construction Technology and the Cost Management Based on Enterprise Quota

2014 ◽  
Vol 543-547 ◽  
pp. 4040-4043
Author(s):  
Wen Zhang ◽  
Li Juan Zhang
Keyword(s):  
Cost Management ◽  
Value Engineering ◽  
Construction Technology ◽  
Project Cost ◽  
The Cost ◽  
The Impact

Enterprise quota is the foundation of project cost management. With the appearance of advanced construction technology, enterprise quota should be constantly updated and improved, so as to improve the level of enterprise cost management. This paper studies the impact of construction technology on cost management based on enterprise quota,and then demonstrated by the Value Engineering. From that, we know the advanced construction technology can help enterprise save the cost and improve the economical benefits.

Construction Project Costs Management Research

2014 ◽  
Vol 1079-1080 ◽  
pp. 1115-1118
Author(s):  
Lu Liu
Keyword(s):  
Cost Control ◽  
Construction Project ◽  
Project Cost ◽  
Control Goal ◽  
Project Costs ◽  
Construction Project Cost ◽  
Cost Forecasting ◽  
The Cost ◽  
Cost Plan ◽  
And Control

Themain content of the construction project cost management including costforecast, cost plan, cost control. Do cost forecast, cost control goal set,must be ahead of the labor, material, cost forecasting, construction scheme ofchange of the cost forecast and the prediction of auxiliary construction cost.Cost control should follow the principle of conservation and comprehensivecontrol, there are some effective ways to realize the cost control, forexample, take organizational measures to control the project cost, take technicalmeasures to control the project cost, to take economic measures to control theproject cost, strengthen quality management and control of rework rate, etc.

COMPARISON OF OWNER AND CONTRACTOR PERSPECTIVES IN ESTABLISHING COST CONTROL STRUCTURE

2019 ◽  
Vol 6 (1) ◽  
Author(s):  
Ruveyda Komurlu ◽  
Akin Er
Keyword(s):  
Control System ◽  
Control Systems ◽  
Oil And Gas ◽  
Cost Control ◽  
Control Structure ◽  
Control Function ◽  
Cost Management ◽  
Project Control ◽  
The Cost

Cost control is a part of cost management which is carried out by the project owner and the contractor throughout a project. However, the structures of the control function developed by each party generally differ since the purpose of the function and the level of the structure are not exactly the same. Contractors have several advantages while building a cost control system such as more detailed information about the project, more background, more dedicated personnel, specifically developed software etc. Therefore, contractors have a broader vision on the issue. Owners need to utilize cost control systems not only for common reasons but also due to some specific necessities. Unlike contractors, owners have to capitalize projects just before they put their investments into operation. This paper intends to focus the necessities prioritized by the owners and contractors on the issue. A comparison will be made to distinguish the differences between the cost perspectives of project owners and contractors. An assessment will be done of the matters that owners pay attention while establishing a cost control structure in light of the experiences practiced in oil and gas projects. Thus, the important points which should be better to consider by the owners' project control teams will be advised.

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. 

Coordination of Construction Project Cost and Schedule Based on Grey Forecasting Method

2013 ◽  
Vol 357-360 ◽  
pp. 2259-2266
Author(s):  
Chun Ling Sun ◽  
Hong Song ◽  
Rui Tian
Keyword(s):  
Control Method ◽  
Construction Project ◽  
Grey System Theory ◽  
Grey System ◽  
Schedule Control ◽  
Project Cost ◽  
Grey Forecasting ◽  
Planning Optimization ◽  
Construction Project Cost ◽  
The Cost

In the premise of quality establishment, cost control and schedule control are the major goals of the construction project management. This paper is based on grey system theory as the foundation, and uses the grey control method to realize the cost and schedule control and establishes the coordination of GM (1, 1) prediction model, which is the core of the system. The GM (1, 1) grey forecasting model and network planning optimization combination as the effective date rectification control put forward the future control direction. Finally, it uses the case to evaluate the feasibility and rationality of the project cost and schedule control scheme.

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