Project cost management refers to a scientific cost management activity that plans, organizes, controls and coordinates the cost incurred in the project implementation process under the premise of ensuring the project quality, time limit and other contract requirements, so as to achieve the expected cost goal and achieve the lowest cost as far as possible. It is mainly through technology (such as the formulation and comparison of construction plans), economy (such as accounting) and management (such as construction management, rules and regulations, etc.). ) activities to achieve goals and achieve profit goals.

The basic contents of project cost management include: cost prediction, cost control and cost reduction. Cost prediction mainly uses scientific methods, combined with the construction purpose, mechanical equipment, personnel quality and other objectives under the price terms to predict the project cost. Cost control objectives should focus on the supervision, inspection and measurement of costs, and take measures to ensure the realization of project cost objectives. Reducing project cost is an effective way to achieve cost control through cost objectives in organization, technology, economy and contract management.

Keywords: project cost management and control

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