At present, insufficient understanding of budget management in the construction industry has led to a disconnect between planning and objectives, as well as poor inter-departmental coordination. There is a widespread perception that budget management is solely the responsibility of the finance department. In addition, data silos are common, undermining the accuracy of budgets. From a market perspective, as the economy has entered a period of "new normal," the growth rate of China’s construction industry has slowed significantly, and this trend of steady growth is unlikely to change markedly.
Enterprises need to enhance organization-wide awareness of budget management, strengthen cross-department communication, and adopt digital tools to break down data barriers. This will enable data sharing and real-time analysis, improving the accuracy and efficiency of budgeting. At the same time, establishing budget evaluation mechanisms will ensure effective implementation and promote more scientific and refined budget management practices in the construction industry.
Comprehensive Budget Management for the Entire Project Lifecycle
Precision Management of Project Budget Baselines and Cost Standards
Rational Cost Allocation and Performance Management
Comprehensive Budget Management for the Entire Project Lifecycle
Precision Management of Project Budget Baselines and Cost Standards
Rational Cost Allocation and Performance Management