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Project Cost Management Information Solution Based on Data Mining Technology

With the rapid development of new technology in China, the combination of new technology and project management can improve the overall quality level of project cost as a whole. China’s engineering cost industry has been severely challenged, and the previous management methods have been difficult to meet the requirements of the times. The superiority of data mining technology based on statistical analysis is becoming more and more obvious. Data mining is a new and promising field gradually formed as the application research of database and data warehouse. The project cost management department needs to record more and more project cost data, which requires the introduction of data mining based on statistical analysis. Data mining realizes the functions of establishing database, data purification, data query and sharing, analysis and early warning in project cost management. In practical application, data screening can also be carried out by selecting factors such as project unilateral cost index, cost reduction rate, completion settlement price, project structure form and so on. This paper focuses on its application advantages in project cost management.