Financial Management Theory Applied Research, Project Management Of Construction Enterprises

As the competition of construction market getting more and more fierce, in order to solve the problems arising form the construction project, contractors have to put financial management theories into practice. The key cost information of construction period is the data that gather from the project site, depends on which we can forecast the resource demands and schedule in the rest period of the project. By doing that, we make allocation of capital and avoid financial risk. The essence of project management is to control the progress and cost by using the cost information. In other words, contractors manage the construction project on the basis of occupying the cost information. Financial management is useful for project manager to plan and arrange the schedule and capital, as well as control and supervise the cash flow. Furthermore, it is valuable to apply the scale economic theory into practice, which can help contractors realize the scale economic point of itself. The financial management theories is winning more and more recognition from modern contractors, which is the very reason this paper is committed.The character of this paper is that I develop a new method to gather cost information according to the financial management theories. The project can get more detailed cost data by using this method. The other character is applying the earned value theory to the project management in order to relate cost to schedule.The paper has five parts:Chapter 1 bring the topic forward and introduce the theories on which this paper depends. Then I talk about the research actuality abroad and at home. Further more, I explain the purpose and method of my research, including some explanation of some professional term.Chapter 2 introduce the peculiarity of construction contractor, including the object of financial management, the key period of financial management, the payout and income of the cash flow and the reason of applying the financial theories.Chapter 3 mainly introduce the defects of the accounting system for construction project.Chapter 4 is the emphasis of this paper. In this chapter, I study the application fields of the financial management in construction project, which include resource demands forecast and financial risk alarm system.Chapter 5 summarize the main viewpoint of this paper and table a proposal.