Project Cost Control Research Articles

Research on Construction Budget and Project Cost Control

Research on Construction Budget and Project Cost Control

Investigating the Causes of Poor Cost Control in Iraqi Construction Projects

Controlling cost in construction projects is an essential issue. This study investigates the most critical problems that cause weakness in cost control in Iraqi construction projects. The quantitative technique was used by conducting a survey directed to professionals who work on construction projects. One hundred and sixty-four questionnaire forms were distributed to private sector companies, government companies, and government institutions, and the responses were subjected to the required statistical analysis. The results indicate that the most influential factors are the weakness in keeping up with the use of modern concepts, methods, and technologies, the delay in receiving the amounts due for work done from the owner, fluctuations in market prices, the lack of knowledge and the inefficient use of currently available tools and technology, and the security situation in the country. The results indicate that the Iraqi construction projects suffer from weakness in cost control, which causes them to stop or delay their delivery, and this needs serious and quick solutions. One of the most important solutions is the adoption of modern technologies and their inclusion in the construction sector and the development of special systems for managing costs that are appropriate to the Iraqi construction environment.

Research on Cost Management and Control of Construction Projects

Research on Cost Management and Control of Construction Projects

Analysis of Construction Project Cost Management

The composition of construction project cost is introduced.Based upon analysis of the present cost management situations in construction enterprises in our country and questions existed practical measures for cost control and management are proposed,in order to realize effective control of construction project cost to increase the economic benefits and competitive power for construction enterprises.

Exploration of the Cost Control and Management of Municipal Engineering Projects

Exploration of the Cost Control and Management of Municipal Engineering Projects

Cost Management and Control of Water Conservancy and Hydropower Construction Projects

Cost Management and Control of Water Conservancy and Hydropower Construction Projects

Research on optimization of construction project cost control in construction enterprises

As a pillar industry of the national economy, the construction industry plays an important role in promoting economic growth, social stability and improvement of quality of life of people. Influenced by the deepening reform of the market economy system and the normal prevention and control of the COVID-19 epidemic, the construction market has increasingly high requirements and the market competition is becoming increasingly fierce. The major enterprises compete with each other to obtain the project at a low price, which seriously disturbs the market order and further compresses the market profit space. In the limited market share, in order to improve their competitiveness, cost control has become the focus of construction enterprises. This paper analyzes the current situation of cost control of construction projects in construction enterprises, finds out the existing problems and puts forward countermeasures and suggestions in order to realize the dynamic cost control of the whole process of construction projects.

Discussion on Cost Control Strategy in the Process of Engineering Project Construction

Rapid socio-economic development, promoting the development of the construction industry. Companies want to stand out from the fierce market competition, must strengthen the cost control of construction projects. This paper elaborates the importance of cost control of engineering construction projects, and then proposes that the dilemmas faced by cost control management of engineering construction projects are: inadequate market research of raw materials, lack of high-quality cost management talents, imperfect cost management system, neglected cost management work, lack of supervision and regulation of cost management work, and finally proposes that the cost control strategies in the process of engineering project construction include clarifying the cost control objectives of engineering cost, cultivating professional cost control talents, deepening the innovative cost management system, increasing the supervision and regulation of cost of the whole process of engineering, and ensuring the reasonableness of the cost budget plan. We hope to further promote construction companies' attention to cost control of engineering price construction projects.

Blockchain-Based Software Effort Estimation: An Empirical Study

Context: The success or failure of any software development project significantly depends on the accuracy of its effort estimates. Software development effort estimation is the foundation for project bidding, budgeting, planning, and cost control. Problem: The literature shows that a lot of work has been done on software effort estimation. But still, there is a need for improvement in effort estimation by introducing new methodologies. The structured group-based and analogy-based effort estimations are the widely used estimation methods. Nevertheless, there are several shortcomings of using these methods such as lack of experts, lack of historical data, and biasness in expert opinion, which negatively affect the estimation results. Motivation: With the advancement of technologies, such limitations could be overcome. Such as leveraging the applicability of blockchain in several domains such as improvement in software development process and network security. Method: In this article, we have proposed a Blockchain-Based Software Effort Estimation (BBSEE) methodology to improve the software effort estimation. We employ the proposed method using Web and blockchain technologies. Moreover, we also proposed an evaluation criteria to assess the efficacy of the proposed method in terms of Mean Magnitude of Relative Error (MMRE), Mean Absolute Error (MAE), and percentage of successful predictions falling (PRED (25)). Result: We performed several case studies and analyses expert opinion of 52 organizations to present the efficacy of the proposed method. Conclusion: We observe that BBSEE method outperforms than expert judgment and analogy-based effort estimation methodologies in terms of software effort estimation.

PC Project Cost Control Analysis Based on Intelligent Construction

In the intelligent construction environment, PC project improves the work efficiency, but the cost control is difficult. This paper will analyze the cost of PC engineering, trying to find out the key points and difficulties of cost control based on intelligent construction. By comparing the PC project with the traditional frame shared wall structure project, this paper makes it clear that the single cost of the PC project can be lower than that of the traditional building in the whole life cycle. Through the analysis of construction data, this paper points out how to solve and control the cost of PC engineering. It is clear that intelligent construction means and BIM technology can improve construction efficiency and quality, ensure safe construction and reduce construction labor costs. PC project is the development direction of future construction. Intelligent information management of prefabricated buildings is recommended to meet the market demand and promote the industry's industrialization and information development.

Fuzzy modelling and control of project cash flows

An analysis of the scientific literature on project cash flow control and fuzzy modelling shows that project cash flows are modelled using only basic approaches drawn from fuzzy theory, which may distort the credibility of the model. In this paper, we therefore propose to use the whole spectrum of fuzzy arithmetic, and to select operations that suit the nature of the cash flows in question, their dependencies and the preferences of the project manager. An analysis of the literature also shows that in practically all existing models of project costs and cash flow management, project costs and cash flows are treated at a very high level of generality (without considering the various types of project, factors influencing their variability and signals warning of imminent cash-related problems), and estimations are not updated on an ongoing basis throughout the duration of the project. The results of a survey performed with the participation of 100 project managers show that this simplistic view of project cash flows may be distorting, and cannot guarantee the development of an efficient project cost and cash flow control system. We propose an approach that at least partially compensates for these drawbacks: it differentiates between types of project cash flows and the factors and triggers affecting changes in cash flows. Two case studies are used for a an initial verification of the approach. The paper concludes with suggestions for further research perspectives.

Research on cost management of engineering projects in state-owned construction enterprises: taking the red line cost budget management practice of a project of China Railway Group Co., Ltd. as an example

<p>Based on a systematic consideration of the development dilemmas and outlets faced by state-owned construction enterprises, this paper demonstrates the need for state-owned construction enterprises to carry out cost management during the transition from “incremental expansion” to “intensive development”, and systematically summarizes the main factors of impact of costs management. Combined with the practice of carrying out project red line cost budget management by a China Railway Bureau Group Co., Ltd., it gives suggestions for the implementation of key points and safeguard measures for cost control of construction projects carried out by state-owned construction enterprises.</p>

Application of Data Mining Technology in Field Verification of Project Cost

The traditional budget quota pricing model seems incompatible with the continuous development of the market economy. Low degree of visualization, extensive resource management, difficulty in collecting construction data, lagging control work, and separation of cost control from project management have become the main problems of current construction project cost control. This paper combines data mining technology to improve the project cost on-site verification network system, build a project cost verification system that can be used for on-site verification, and build a cost information platform. Moreover, this paper makes full use of computer information technology and uses the local area network and network as the basis to transform the vertical transmission of cost information into horizontal, so as to ensure the effective communication and exchange of cost information. According to the analysis of the case study, it can be seen that the project cost field verification method based on data mining proposed in this paper is very effective, and the system proposed in this paper can be used in actual projects.

The Function of Construction Project Budget in Construction Enterprise Project Cost Control

The Function of Construction Project Budget in Construction Enterprise Project Cost Control

Discussion on the Control and Management of Project Cost in the Construction Stage of Housing Construction Project

Discussion on the Control and Management of Project Cost in the Construction Stage of Housing Construction Project

Analysis on Procurement Management and Procurement Cost Control of Construction Projects

Analysis on Procurement Management and Procurement Cost Control of Construction Projects

Analysis on the Project Cost Budget and Cost Control of New Green Building

Analysis on the Project Cost Budget and Cost Control of New Green Building

Construction Cost Control of House Construction Project in Construction Stage

Construction Cost Control of House Construction Project in Construction Stage

Analysis on Construction Project Cost Management and Control

Analysis on Construction Project Cost Management and Control

Discussion on the Problems and Countermeasures of the Whole Process Control of Construction Project Cost

Discussion on the Problems and Countermeasures of the Whole Process Control of Construction Project Cost