Project Cost Control Based On Management By Objectives

As we know, China’s real estate industry has now become a pillar industry inChina, and its development has a very important impact on the development of theentire economy. However, due to the increasing maturity of governmentmacro-control means, China’s real estate industry in the fierce competition in theindustry is also facing unprecedented difficulties and challenges. Update requirementsfor cost control and management of real estate. Because the level of cost controlmanagement determines the prospects for development and economic benefits of thereal estate company. Therefore, the study of the real estate cost management, furtherproposed to solve the difficult problem of the real estate cost control, effective costmanagement measures to promote the rapid and stable development of China’s realestate industry has a very important significance.This paper discusses the status quo of China’s real estate industry cost control,raise problems in the real estate industry cost control process. Articles starting fromfeasibility study to focus on the preliminary design of the strict bidding system, andthe stage in the implementation of the project cost control, the maximum reduction inthe cost of development, cost control become the core competitiveness of thecompany’s real estate development, become sustainable development. Researchperspective, management by objectives (MBO) to perform cost approach tocontrolling. Management by objectives is a goal-oriented, people-centered, outcomestandards, the organizations and individuals to obtain the best results of modernmanagement methods. This article takes Poly (Tianjin) Real Estate DevelopmentCo.,Ltd. cost control system for example, the use of the theory of management byobjectives, its use real estate project cost control.