Engineering Project Cost Management And Improvement Study For A Petrochemical Corporation

With the quick development of social economy, the human’s activities have depended on the petroleum and chemical products more and more. Huge market demands promote the development of petrochemical trade. How to quicken the investment steps during the key developing period and invest the limited capitals to the petrochemical project construction and get optimum social and economic benefits is the common expect for large domestic and foreign petroleum corporations.As the large petrochemical corporation with long history, engineering project cost management of A petrochemical corporation still remains in extensive and experiential management forms. There are many problems to be solved, such as project cost management organization, project cost design method, project cost deviation analysis method etc. All these problems will seriously restrict to realize engineering project cost management target of A petrochemical corporation.This article aims to analyze the present cost management situations in view of a petrochemical corporation, starting from project cost management organization establishment, project cost duty mechanism perfection and project cost responsibility division, and on the premise of meeting engineering quality, time limit and safety requirements. This article proposes the improving and controlling measures for the cost occurred during the whole life, strengthens the rating design and value engineering analysis etc. during design phase, carries out elaboration management during project construction, utilizes deviation analysis method, improves the bidding for project cost management tools and earned value analysis, to promote ERP engineering project cost information management manner etc. in order to ensure that A corporation can realize the object of minimum project management cost and maximum project function finally.