Research on Cost Management of Civil Aviation Product R&D Projects

Project cost management, as an integral component of project management, serves as a guarantee for the successful implementation of projects. However, for research-oriented institutions with relatively lagging management capabilities, enhancing the level of cost management in their product development projects becomes even more imperative. This paper combines theoretical research with case implementation to analyze how a research-oriented institution within a specific system optimizes cost management strategies and selects cost management methods during the implementation of aerospace new product development projects. It further conducts a simulation study using the cost management strategies and methods proposed in this paper, based on a completed project cost management case. The results show that there are various cost estimation methods, cost budgeting methods, and cost control methods available for different projects and business scenarios. It is essential for research-oriented institutions to choose cost management methods that are suitable for their specific projects based on their actual circumstances. This helps improve the overall level and efficiency of project cost management, while also enhancing the value of the projects. Research institutes must further optimize their cost management system and establish modern and standardized cost management processes.