Cost management forms a major discipline in delivering construction projects of different sizes and complexity. Traditional cost management systems are mostly based on principles enacted several decades ago. A notable feature of these traditional cost management systems is that key information required for critical decisions is usually produced too late, and is often too aggregated and configured in a form that is not amenable to the requirements for current project management practice. Other problems associated with traditional cost systems relate to inadequacies in estimating and cost control processes and particularly the lack of integration of cost management across the whole project. The lack of integration means measurements provided by traditional cost systems do not sufficiently align with the goals and objectives set for the project. To address these inherent weaknesses in the current practice of cost management, a number of studies have argued for an integrated alternative that better responds to the information demand and decision making need to be developed. The thesis presents the development of a solution to such an integrated cost management system. The developed solution addresses the gaps of the traditional option by integrating the stages making up the whole life cycle of the project to enable professionals gain an appreciation of the ramifications of any early decisions made. The investigation conducted to support the development of the integrated cost management system and the applied model addresses user requirements and determination of the system boundary conditions for efficacious use by key decision makers. 
The new cost management system developed achieves a linkage of the planning and control stages into one, with a continuous stream of cost management information in both stages. The integration ensures that cost information is more relevant to the circumstances of the modern project manager.

Integrated cost management system for delivering construction projects

Based on the Government of BT project risk analysis, the main risks are guaranteed by law, decision-making risk, management risk, liquidity risk, project quality and schedule risk. It Propose to develop risk control measures, to establish risk control mechanism to ensure the orderly conduct of the project.

Risk Management and Control from the BT Project of Government

Standing at the whole socio-economic level where the construction projects locate, this thesis took the construction projects as a compounding system of natural-social-economic and researched the apply of project management in sustainable development. First, from the respect of management object, project attribute, management goal, management organization and so on, it has compared the project management in sustainable development and the traditional project management; Next, it has discussed the goal system of the project management in sustainable development. The project management in sustainable development must achieve not only the basic goal (cost, quality and progress) of project, but also the social responsibility goal, the environment and development goal as well as the sustainable development, thus to solve the questions of environment and development and realize sustainable development; Finally, it proposed implementation process of the project management in sustainable development, and put forward several feasible advice on the management of projects.

Notice of Retraction Applied research of project management in sustainable development

As a newly developing mode, BT mode is not a way of project contracting but a mode of investment and financing. The adoption of BT mode facilitates the development of urban infrastructure, and brings in economic benefits for the enterprise. But the lack of legal basis arose new problems, therefore the project management and analysis of financing risk under BT mode will be the key to bringing BT mode into operation.

Jiang Zaolong

Papers

Notice of Retraction Applied research of project management in sustainable development

Notice of Retraction The project management of the owners and the return on investment in BT mode