Research On The Cost Control Of A Construction Project Of Toronto Xinduxin Park

In the new economic environment, the real estate industry has bid farewell to the era of huge profits and develops more and more maturely and standardly. The deterioration of survival environment makes the competition between real estate enterprises becoming increasingly fierce and sets higher requirements. It is the most careful and urgent question for each enterprise that how to achieve profit and reformation while faced with high financing cost, financial land restriction and purchase restriction.The kind of high cost, extensive management can no longer meet today’s situation. In addition, only the low-cost management enterprises, which has well running funds flow and the brand reputable, can survive. It will help companies clear project cost control, structural framework and implementation of measures to reduce and eliminate waste in the enterprise, saving the limited social and economic resources, using of land more reasonable and fully effective, and finally playing a role on the revitalization of the current downturn in the real estate industry.From the fundamental perspective of China’s real estate industry, this paper firstly summarized the relative theory on cost control. Then the theory on project cost and project cost control was introduced as the theoretical basis while earned value analysis method, project cost analysis method, deviation analysis method and cost estimating method were emphasized. On this basis, the earned value analysis method was chosen to quantitative analyze the cost control system of Toronto Xinduxin Park Project and several weaknesses were found such as old management, low quality of administration personnel, lack of certificate control and backward information management. As a result, this paper pointed out that the project should carry out cost control through budget, planning, accounting and assessment. What’s more, timely supervision and feedback were necessary as well.The project cost control is an important part of the real estate development project management. This research on the development project cost control and its case application is expected to promote the reduction of the project cost to a certain extent and provide some reference for the cost management theory.