Impacts and solutions to improve investment cost management = Tác động và giải pháp nâng cao hiệu quả quản lý chi phí đầu tư

Abstract

Cost control and management is essential for all organizations, focusing on the effective utilization and maximization of state budget capital in construction investment. By managing and controlling investment costs efficiently, organizations can save on expenses, prevent losses and waste of state budget capital, and contribute to socioeconomic development. Consequently, it is essential to analyze and evaluate the factors influencing investment cost management, and to propose solutions aimed at enhancing investment cost management within the Project Management Board of Tan Hong district, Dong Thap province. The study has identified 19 factors that influence the management of construction progress, categorizing them into 7 distinct groups of influencing factors. The factors will be incorporated into the Cronbach's Alpha reliability test using SPSS software to analyze the data, ascertain the Cronbach's Alpha coefficient for the observed variables, and the author will conduct exploratory factor analysis (EFA). Based on the analysis of the influencing factors mentioned above, the author suggests several targeted solutions tailored to the local context aimed at improving and enhancing the management of investment costs for construction projects in Tan Hong district, Dong Thap province. These include: A set of solutions focused on the capabilities of design consultants, a set of solutions addressing the competencies of the Project Management Board, a set of solutions concerning state management policies and regulations in Tan Hong district, and a set of solutions related to the responsibilities of the investor in Tan Hong district. A collection of solutions pertaining to project implementation experience, a collection of solutions addressing unforeseen conditions, and a collection of solutions concerning the construction contractor.