Research On The Evaluation Project For Manager Human Capital Value Of Construction Enterprise

Abstract:In recent years, the development space of infrastructure construction market is increasing, including housing construction, traffic facilities, energy facilities, construction enterprises in the project manager is rapid in demand, but the project manager human capital investment and management in construction enterprises is lack of experience, there is an obvious gap between demand and supply, this paper aims to solve the problem that how to scientifically assess the project manager human capital value.The project manager human capital is one of the core human capital of construction enterprise, to research its value characteristics and the method of evaluation will help us to optimize the project manager human capital investment and management model of construction enterprise, which can promote the enterprise human capital value, and then increase the overall value of the enterprise. In this paper, all of the research about project manager is from the angle of construction enterprise, and with the project manager team human capital stock as the object of study, respectively researched conventional asset evaluation method, namely using cost method, market method, income method in evaluation of project manager human capital value, the real option method is also used to evaluate the value of project manager human capital, besides, the method of real option pricing has been resolved.By combing the conclusion of the predecessors’research in the assessment and the value of human capital, and the investigation of the present situation of construction enterprise project manager, got the discovery that, the project manager human capital belongs to the project manager himself, through the contract, construction enterprises may gain a part of the right to use, the project manager shall participate in the distribution of enterprise’s surplus value, In order to mobilize their enthusiasm and creativity. The cost method and market method cannot be used to evaluate the value of the project manager’s human capital value, the income method can be more comprehensive to reflect the project manager human capital, but the gap with the real value is large, and it did not consider the uncertainty of the project manager human capital, lack of risk estimation, has obvious shortcomings.This paper uses the method of real option, not only concerned about the value of human capital project manager itself, instead of the real option value of human capital. First of all, this paper makes the real option analysis on project manager human capital, analyzes the applicability and characteristics of its real option; then, with financial option and real option as the basis, deduced the project manager real options and parameters; finally, established the manager comprehensive quality index system of human capital and real option pricing model, made full consideration to the risks of project manager human capital value uncertainty, with the value of volatility to reflect, and the related parameters were studied in detail, analyzed the sensitivity of volatility. Finally, in the form of case studied on the application to the evaluation of project manager human capital value of real option method.