Management Research For Construction Investment Of Zihe Building Ceramics Factory

With the development of industrial modernization in China, traditional ceramics industry is faced with the problem of transformation. The rapid expanse of real estate in cities brings along the concerned building ceramics. In order to satisfy the demand of market and improve the quantity and additional value of building ceramics, the local government decided to invest 60,000,000 RMB to build a building ceramics factory with high and new technology. For the purpose of avoiding risk, preventing repeated construction, and reducing blind investment, it is very necessary to do the management research of project investment.The paper takes Modern Project Management, Investment, Financial Management, and Capital Circulation as theoretical basis, regards Zihe Building Ceramics Factory as a model, considers capital source, capital application and capital withdrawal in the capital circulation as the main thread. The paper adopts the tools and methods of modern financial management, performs scientific argumentation and research for project investment process and capital circulation quality.First of all, the paper estimates the overall investment of the project, and makes the estimation plan for the project investment according to the project aim. Secondly, it introduces the scheme, channel and method of financing. It adopts capital cost ratio and weighted average combined ratio, and analyses the financing quality fully. It also optimizes and adjusts the scale and construction of the project, and improves the quality of capital source. Thirdly, the paper evaluates use of project capital, that is, the capital outflow quality. It analyses the capital supply according to schedule, source demands, time difference consume. It discusses how to use the capital economically, at full capacity and low cost. It also explains how to adopt corresponding measures to the risk of capital outflow so as to improve the quality and effect of capital use. Finally, the paper evaluates the project investment withdrawal and investment benefit. It transforms prediction by project capital investment, output and withdrawal. It calculates the direct financial cost and benefit by adopting the static financial withdrawal method and dynamic net present value method. It investigates the project profitability, inner capital yield, and the ability for liquidating debt. All these contribute to the conclusion of investment feasibility.