Cost Performance Influencing Factors And Countermeasure Of International EPC Project

Along with the rapid development of economic globalization and the implementation of national strategy of "going global",it will become an important strategic opportunity period for China to develop the contracting of foreign projects in the next 5 to 15 years.The Chinese foreign contracting enterprises are faced with a broad development prospects nowadays.However,their traditional project management concepts have been difficult to adapt to the needs and development of international EPC contracting market.The cost management,as one of the key elements for the international EPC project management,whose management level reflects the core competitiveness of an enterprise.Therefore,the most worth studying and considering problem by the enterprises managers is how the main contractors make the construction cost controlled within a bearable range,while they are also able to earn as much profit as possible.This article describes the origin,domestic and foreign development situation of the EPC mode widely used in the international contracting market at the present time.It also makes an overall analysis on the cost performance management system of the overseas enterprise by means of studying the EPC project of A company management and cost performance of the overseas enterprises and large state-owned enterprises.Through the induction and conclusion of the analysis results,combining the cost management theory with the work experience,the paper puts forward the countermeasures to improve the cost performance of EPC project of A company.In the optimization process of cost management in consideration of easy understanding and maneuverability,combined with the international EPC project cost management and bidding stage,closely related to the planning stage,design stage,project cost management of the four stage set up work process,and lists the key success factor optimization,and lists the key factors to optimize the success or failure.The involvement of all staff is proved to be more efficient,which showed a significant reference value in terms of cost control for those Contractors who has overseas EPC projects core business.