Cost Management Study For Monitoring And Controlling Project Of Tianjin Binhai Huaming Low Carbon Industrial Base

Cost control is the economic performance of project management. Effective cost controlhas important contribution to technical proposal optimization, work process improvementand cost reduction during project construction process and to company economic benefit andmanagement capability increase. It will improve the competition and management ability ofthe company and the monitoring and controlling performance of Tianjin Binhai HuamingLow Carbon Industrial Base.By utilizing cost analysis form, earned value and value engineeringtheories, the articleanalyses the cost control during different phases of the monitoring and controlling project ofTianjin Binhai Huaming Low Carbon Industrial Base. Based on relative construction costmanagement theory and methods, comprising advanced project management and cost controltechniques, the article established a cost management system coring target cost,responsibility cost and dynamic cost for the monitoring and controlling project of TianjinBinhai Huaming Low Carbon Industrial Base. In order to solve various problems arisenduring cost management process, the article studied the cost management from aspects likecost forecasting, cost planning, cost controlling, cost accounting, cost analysis and costassessment, and proposed the practical scheme.Innovation points of the article: After studied and considered the organizationestablishment, target cost breakdown and responsibility assignment, build the costmanagement system for the monitoring and controlling project of Tianjin Binhai HuamingLow Carbon Industrial Base. By applying earned value management and value engineering,analyzed cost control during different project stages, improved the management performanceof the monitoring and controlling project of Tianjin Binhai Huaming Low Carbon IndustrialBase.