The Full Cost Of The Project Management Research

With the constant development of economic construction, the quantity of collective and private investment projects is increasing, and the scale of various enterprises'investment projects is also expanding constantly. With such an enormous scale of investment, a whole set of scientific methodology of engineering project cost management is urgently needed as a management method to ensure reasonable uses of project investment. In these cases, overall and effective project cost management must be implied to guarantee a smooth operation of the real estate project construction. Firstly, this paper introduces theoretical researches of Total Cost Management ----TCM. Its definition is using professional knowledge and skills to plan and control resources, cost, profit and risk effectively, and is the whole life cycle expenses management. The proposition of this theory includes four major respects, which are the Whole Process Cost Management----WPCM, the Whole Key Elements Cost Management, the Whole Risk Cost management and the Whole Group Cost Management. These four major respects form an organic integrated body which connected with each other. At the same time, these four concrete technological methods must be formed as a whole to offer an overall solution for the total cost management of the projects. Secondly, among the four major management theories, this paper develops thoroughly and carefully studies on the whole process cost management which combined with the whole key elements cost management. The paper also elaborates its own views upon the main project process that heavily influences the project cost, such as investment decision stage, design stage, tender and bid stage, the project changes of construction process and the cost control of settlement stage. In addition, the paper uses massive words to discuss two major problems universally existing in the real estate trade. One is the importance of the cost management in the stage of design. The paper puts forward a feasible measure scheme to avoid huge waste of cost because of conservative designs or lack of supervising system, etc. And the other is the selection of appraising bid methods in bidding process which is intensely argued in the real estate trade and the feasibility of the bottom-price winning bid system in the construction market of our country. Finally, the author discusses and analyses the performance of these two problems separately in the actual project management through instance and also puts forward personal views and suggestions. And furthermore, this paper also introduces the idea of project assuring system and project insurance, which plays a role in casting a brick to attract jade for counterparts to discuss and research.