Research On The Integrated Cost Control During The R&D Project Of Power Cable Accessory In TE Corporation

Along with the development of world economy, the demands of energy are hugely increasing, especially for the electric power energy. As a result, the needs of power cable, which is the basic equipment for electric power transmission and distribution, are rapidly increasing. Meanwhile, the increasing application of power cable brings along the considerable demands and accelerates the R&D speed of cable accessory product. With the kick off for various R&D projects of cable accessory product, project management becomes an important work for enterprises. As one of the key contents of project management, project cost control is very important due to the capability to effect economic benefits of enterprises directly.However, for R&D project of cable accessory has the characteristics of uncertain R&D schedule, complicated resource needs and high quality requirements, it is difficult to have an effective control of project cost by the method of single factor analysis of variance, which just compares budgeted cost with actual cost simply. The traditional method of project cost control is greatly challenged due to that. Therefore, it has been an urgent and important problem for enterprises to have an effective cotrol of project cost by improving the traditional method of project cost control based on the characteristics of R&D project of power cable accessory.This paper is based on the theory of integrated cost control and combined with the characteristics of R&D project of cable accessory. Analyse the problem of cost control status during the R&D project of cable accessory in TE corporation. Meanwile, establish the process and method of integrated cost control during the R&D project of cable accessory for TE corporation. In order to explain the process and method, with TE CMC project for example, perform integrated control of project schedule, cost and quality as three main project factors. The paper put the theory of integrated cost control into effect. Give reasonable advice of project cost control and create more economic benefits for enterprises. Also, provide related experience of integrated cost control for other similar projects.