The Study On The Method Of Evaluation About The No.3 Blast Furnace Reformation Project Of WISCO

Usually, technical refonn is an important way to update the product class of an enterprise and also used to promote its sound development. As an super-large state-owned firm, in recent decades, through the gradually renew of technology, or by the way of absorbing advanced technologies from home and abroad, its compete is enhanced a lot, and its economic efficiency is keeping rising. In 2001, a total sales income of 19.172 billion yuan, and a profit of 1.505 billion are both completed successfully, a historical leap is realized. Why this is so? An important aspect is due to its gradually input to the technical reform.Standing before the quickly developing world and facing the developing needs of the society, still there some unfit exists in them. After China entry to the WTO, the market compete which WICO meets is becoming more and more cruel. In order to meet the new economic environment, to keep the continuous development, to realize the Tenth "Five year's Goal": a bunch of key engineering (reform) project has been put out purposely. It is important for WISCO to update its product quality, to strengthen its international compete. The key engineering (reform) project is consisted of twenty parts, and the total input will be over 40billion yuan.How to manage these key projects efficiently and scientifically, and change the invest way to emphasize on internal, quality, efficiency from merely on extension, quantity and speed, shaping the scientific decision-making of investment, so as to scientifically realize the modernization of management the projects, becomes the main concern of managers.In the paper, the No. 3 Blast furnace Reformation project of WISCO is chosen to be the subject, it states the specialties of the reforming projects by selecting the evaluation method and the evaluation parameters scientifically, and expound whether the project ispractical on technology and whether it is reasonable in economy from the aspect of enterprise accounting. Good method will bring twice of what we expect. Method of addition evaluation and evaluation assessing indexes are introduced to compare and discuss how the different fixed property depreciation affects the project plan, and assess the projects scientifically and objectively, it also forms a base for later use. Meanwhile, it sets an example for other metallurgic engineering (reform) projects in decision-making and evaluation of a project.