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2009•Unpublished venueRequires access

A brief study on cost management of engineering project

Xu Pengju

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Abstract

With the increasing competition in the market,the strengthening of project cost management has become the principal means for the construction enterprises to enhance their economic returns.Discusses cost management of engineering project from the following five aspects: the establishment and improvement of project cost management mechanism,determination of cost objective,cost objective decomposition and cost planning,cost control and accounting,and the impact of technical management on cost management.

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What this paper is about

With the increasing competition in the market,the strengthening of project cost management has become the principal means for the construction enterprises to enhance their economic returns.Discusses cost management of engineering project from the following five aspects: the establishment and improvement of project cost management mechanism,determination of cost objective,cost objective decomposition and cost planning,cost control and accounting,and the impact of technical management on cost management.

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Available abstract

With the increasing competition in the market,the strengthening of project cost management has become the principal means for the construction enterprises to enhance their economic returns.Discusses cost management of engineering project from the following five aspects: the establishment and improvement of project cost management mechanism,determination of cost objective,cost objective decomposition and cost planning,cost control and accounting,and the impact of technical management on cost management.

Key concepts: Cost engineering, Cost accounting, Product cost management, Cost contingency, Project management triangle, Cost estimate, Target costing, Business

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