Study On The Cost Control In The Project Of Electric Locomotive Of Q Company

Project cost management is an essential part of the project management, and also the inevitable choice to improve its management level and competitiveness for modern enterprises. In recent years, electric locomotives develop rapidly with the coming era of railway electrification. But because of high degree of homogeneity, electric locomotive project compete fiercely, the project cost decide directly the profit how much an enterprise can obtain and the future development of an enterprise. This article provides important reference of project cost management of locomotives to similar enterprise by studying and analyzing electric locomotive cost.This article focuses on the electric locomotive, which is the first project gets into the electric locomotive market and also is the main product about transformation and upgrading of Q company. First of all, based on the related theories of the project cost management, this article discusses the factors influencing the project cost and controlling measures, including the main model of project cost control and cost control process. Secondly, the project cost control current situations of Q company are studied using different models of cost control, such as work breakdown structure model, banana curve model, progress of measurement model, and the problems in the cost control and its reasons are analyzed, such as imperfect procurement system, ignoring the project construction cost control, adverse impact of human resources and quality, incomplete project alteration claim system, and so on. In the end, in accordance with the cost management theories, this article puts forward continuous supervisions in advance, in process and afterwards, namely improving procurement system in advance, strengthening the project construction cost control, improving employee motivation and product quality during in-process and improving project alteration claim system to reduce the project cost afterwards. This article plays a positive role in solving the main problems of project cost management and promoting project cost management level of Q company.