Research On Cost Management Of New Product Development Project Of Company

With the rapid development of machinery industry, the market needs for all kinds of new products from construction machinery and agricultural machinery are increasing rapidly. This makes companies from machinery industry pay more attention to new product development. Therefore, the cost control in new product development projects immediately becomes all companies’focal point. The thesis systematically researches the cost management of Company A’s new product development projects, analyzes the weaknesses of enterprise new product development project cost management, and promotes specific improvement measures in order to improve market competitiveness of enterprise new products.First of all, the paper briefly introduces the purpose and meaning of selecting this research topic, the content and methodology of the research, and the current domestic and abroad research status. In the second chapter, the paper introduces relevant cost management theories in details, from standard cost management to strategic cost management, then from activity cost management to total cost management. In the third chapter, the paper takes the new product development projects of Company A as research basis. It analyzes the current cost management situation of the new product development projects of Company A systematically. It also deeply analyzes the current cost management issues that occur in the new product development projects of Company A. In the fourth chapter, the paper combines all kinds of cost management theories together, and proposes the influence factors of the cost management of the new product development projects of Company A. Then it analyzes the cost control approaches for the new product development projects. In the fifth chapter, based on the research and analysis in the previous chapters, the paper builds the cost management system and then puts forward the cost management system implement measures for the new product development projects of Company A, and executes it, so that it can help improve market competitiveness for Company A and even the corporate that Company A is in.