What are the basic principles of project cost information management?

Engineering cost information management should follow the following basic principles. (1) standardization principle. It is required to unify the classification of relevant information, standardize the information flow, strive to be formatted and standardized in the project implementation process, and ensure the efficiency of the information production process from the organization. (2) the principle of effectiveness. The project cost information should be properly handled according to the requirements of managers at different levels, so as to provide information with different requirements and concentration for different managers. This principle is to ensure the effectiveness of decision support information products. (3) Quantitative principle. Project cost information should not be a simple record of data generated in the process of project implementation, but should be compared and analyzed by information processors. It is necessary to use quantitative tools to analyze and compare relevant data. (4) the principle of timeliness. Considering the timeliness of project cost pricing and control process, project cost information should also have corresponding timeliness to ensure that information products can serve decision-making in time. (5) The principle of effective treatment. By using high-performance information processing tools (such as project cost information management system), the delay of information processing can be shortened as much as possible.