Research On Cost Risk Management And Countermeasures Of T Real Estate Project

The development of China’s real estate industry can be roughly divided into three stages: the embryonic stage,the vigorous development stage and the adjustment and standardization stage.The period from 2007 to 2019 is the adjustment and standardization stage of China’s real estate industry and the golden period of development.During this period,the real estate industry led the development of upstream and downstream industries,and once became one of the pillar industries of China’s economic development.The prosperity of the real estate industry has attracted the injection of capital from various sources.More and more enterprises have started to set foot in the real estate field.The management level,technical level and cost management ability of these enterprises are uneven,but these weaknesses have not been exposed in the rapid development of the real estate industry.However,since the outbreak of the COVID-19 in early 2020,the economy of all walks of life has been impacted,especially the real estate industry.At this time,the weaknesses of related enterprises were revealed.The profit point of the industry was also transferred from the sales of the external market to the internal management of the enterprise.Those enterprises that did not pay attention to technology management and cost management also suffered a greater impact,even a fatal blow.In such a special period,the operation and management mode of the real estate industry needs to be transformed accordingly.The original blind investment needs to be absorbed and eliminated by the market.In the post epidemic era,real estate enterprises have become one of the most effective means to survive by reducing costs and improving profits through cost risk management.For a long time,China’s real estate enterprises attach importance to market profits and ignore endogenous management.The threshold is low,the degree of standardization is not high,the system is incomplete,the cost management is not paid attention to,and the cost risk management is lack of awareness.The arrival of the post epidemic era makes real estate enterprises increasingly aware of the importance of internal management,especially cost management.The main purpose of real estate enterprises is to improve their core competitiveness by improving their management level and cost risk management awareness from extensive management to changing their business model to streamlining their internal institutions.In the case of poor open source,they choose scientific throttling to improve their profits.This paper studies the cost risk management of T real estate project,analyzes the cost risk factors existing in T project by using literature reading,case analysis and interview research methods,analyzes the causes of these risk factors,analyzes the lack of incentive compatibility mechanism and information asymmetry,and puts forward corresponding countermeasures and safeguards.Through the analysis of T project cost risk management,all participants of the project can have a more comprehensive understanding of cost risk management,and can also provide reference and basis for the management of other projects.The improvement of cost risk management level can promote the healthy development of real estate enterprises in China.