毕业设计外文翻译—成本管理计划支持系统.doc

COMPASS-NEW PARADIGM FOR PROJECT COST CONTROL STRATEGY AND PLANNING By Makarand Hastak/ Associate Member, ASCE, Daniel W. Halpin,2 Member, ASCE, and Jorge Vanegas/ Associate Member, ASCE ABSTRACT: The need to remain competitive while generating profit requires management to develop innovative. cost management strategies that will allow them to distinguish and control early-on factors that might adversely. impact the cost of a project. This paper describes a decision support system, COMPASS (Cost Management Planning Support System) for project cost control strategy and planning. Throughout the life cycle of a project, COMPASS methodology assists management in evaluating the potential degree of cost escalation. It also identifies attributes such as management errors, regulatory approval, and error/rework, that might be the cause for project cost escalation. Furthermore, COMPASS assists management in formulating a cost control strategy while utilizing their experience and past project performance data. The attributes identified by the cost control strategy, if controlled, would minimize the expected loss. INTRODUCTION Project ost scalation and cost management are clearly two of the most important management concernsin the intensely competitive environment of the construction industry. Consequently, it s very important for management to detect at an early stage of a project the actual or potential cost overruns. To remain competitive while generating profit, management needs to identify and adopt in novative cost management strategies. These strategies should allow them to identify and control early on factors that might adversely impact the cost of a project. To date, various methodologies have been developed for project cost control such as earned value system management. exception reporting, and cost trend analysis. However, none of these methods considers at a macro l