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1、ProjectBudgetMonitorandControlAuthor：YinGuo-liNationality：AmericanDerivation：ManagementScienceandEngineering.Montreal:Mar20,2010.Withthemarketingcompetitivenessgrowing,itismoreandmorecriticalinbudgetcontrolofeachproject.Thispaperdiscussesthatintheconstructionphase,howc
2、anaprojectmanagerbesuccessfulinbudgetcontrol.Therearemanymethodsdiscussedinthispaper,itrevealsthattobesuccessful,theprojectmanagermustconcernallthismethods.1.INTRODUCTIONThesurveyshowsthatmostprojectsencountercostover-runs(WilliamsAckermann,Eden,2002,pl92).AccordingtoW
3、right(1997)'sresearch,agoodruleofthumbistoaddaminimumof50%tothefirstestimateofthebudget(GardinerandStewart,1998,p251).Itindicatesthatprojectisverycomplexandfullofchallenge.Manyunexpectedissueswillleadtheprojectcostover-runs.Therefore,manytechnologiesandmethodsaredevelo
4、pedforsuccessfulmonitoringandcontroltoleadtheprojecttosuccess.Inthisarticle,wewilldiscussintheconstructionphase,howcanaprojectmanagertobesuccessfulbudgetcontrol.2.THECONCEPTANDTHEPURPOSEOFPROJECTCONTROLANDMONITORErelandRaz(2000)statethattheprojectcontrolcycleconsistsof
5、measuringthestatusoftheproject,comparingtotheplan,analysisofthedeviations,andimplementinganyappropriatecorrectiveactions.Whenaprojectreachtheconstructionphase,monitorandcontroliscriticaltodelivertheprojectsuccess.Projectmonitoringexiststoestablishtheneedtotakecorrectiv
6、eaction,whilstthereisstilltimetotakeaction.Throughmonitoringtheactivities,theprojectteamcananalyzethedeviationsanddecidewhattodoandactuallydoit.Thepurposeofmonitorandcontrolistosupporttheimplementationofcorrectiveactions,ensureprojectsstayontargetorgetprojectbackontarg
7、etonceithasgoneofftarget。3.SETTINGUPANEFFICIENTCONTROLSYSTEMForthepurposeofachievingcosttarget,themanagerneedtosetupanefficientmanagementframeworkincluding:reportingstructure,assessingprogress,andcommunicationsystem.Theemployees'responsibilityandauthorityneedtobedefine
8、dinthereportingstructure.Theformalandinformalassessingprogresscanhelpgettingageneralperspectivebetweenrealityandtarge
