Keywords
Financial calculation
Fund management
Submitted : 2024-04-07
Accepted : 2024-04-22
Published : 2024-05-07
Abstract
The financial aspects of large-scale engineering construction projects profoundly influence their success. Strengthening cost control and establishing a scientific financial evaluation system can enhance the project’s economic benefits, minimize unnecessary costs, and provide decision-makers with a robust financial foundation. Additionally, implementing an effective cash flow control mechanism and conducting a comprehensive assessment of potential project risks can ensure financial stability and mitigate the risk of fund shortages. Developing a practical and feasible fundraising plan, along with stringent fund management practices, can prevent fund wastage and optimize fund utilization efficiency. These measures not only facilitate smooth project progression and improve project management efficiency but also enhance the project’s economic and social outcomes.
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