The Application of BIM to Project Cost Management

Abstract

Nowadays among numerous industries that are undergoing continuous development along with China's rapid economic growth is the noticeable one, building or construction industry. A building or construction project is composed of many parts, including project costs. This paper presents a basic introduction of the BIM technology, project cost management and the latter's importance. On the basis of that and practical cases, the application of BIM to project cost management is analyzed and its advantages are summarized.