Project Cost Prediction Model Based on Fuzzy Theory

Project cost is the main factor contributing to the cost of construction, which accounts for a large proportion of the total investment. So strengthening the management and control of the project cost will be beneficial for the improvement of international competitiveness and conservation of social resource for construction enterprises. The article applies the basic principles of fuzzy mathematics to project cost prediction, and makes use of the evaluation information of typical project characteristics to carry out a systematic analysis of a prediction model of project cost. This calculation method reflects the similarities between projects and provides an efficient way for effective project cost prediction by a quantitative research and contrast on to-be-built and built projects.