Study Of Cost Management Of Whole Construction Project

Cost management during project construction composes an important part in the project management, which should be imposed in the early bidding stage, and carried through the whole project, until the completion. Cost estimation, cost assignment, cost control, cost accounting, cost analysis and assessment are the major aspects of the project cost management. In the thesis, we start with theoretical point of view, discussing the overall of construction cost management, principles applied during the project construction as well as its classification under different constructional phase. We then analyze and study deeply into the details of cost manager during bidding, signing contract, project constructing and completion, to identify the problems at each stage and summarize the causes for them. To specify:In bidding, qualitative and quantitative decision tree is applied to analyze and decide the tender for construction; Earned value method is used while the construction is carried out. Besides, the cost is monitored simultaneous during construction so as to correct the deviation with reasonable and effective approaches and find the optimum to reduce the expense. An real project is taken as sample for analyze. We focus mainly on the planning and control of cost happened during construction, analyzing and accounting the project management. We conclude that the cost control management can effectively reduce the cost, enhancing the overall economic return of the enterprise, which proves effectively that application of theory and method of cost management into the project construction can feasibly bring in large benefit.