Investment Budget Control of EPC Construction Project Based on Multi-Level PDCA Cycle Theory
Among the construction project management utilizing EPC model,it happens frequently that the actual investment exceeds the budget.According to the theory of Value Engineering,the designing phase makes most obvious impact to the whole process investment of the project.However,there are quite few reasonable and mature process to follow for controlling the project budget of design stage,and thus it's necessary to research how to optimize the management process during design stage so as to realize better control on the investment target of EPC project.Consequently,based on research on the relevant references and practical experiences of project management,this paper analyzes the deep causes which impact the investment control of EPC projects during design stage,and the PDCA model is introduced and specially developed on its levels to further analyze its details and main points for application,and finally reasonable suggestions are proposed against corresponding phase in the project management in order to provide guidance for the practical EPC project on its investment control.
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