Abstract: With the deepening of reform, subject to the diversification of investment. Project cost management related to the investment entity and the contractor's economic interests related to the standardization of the entire market, the industry gradually increase labor productivity, as well as scientific and technological level of society as a whole range of issues such as the progress. China's management of the construction cost of the construction industry lagging far behind the rapid development of the situation, project cost management systems that exist in deep-seated problems in a number of seriously restricting the development of the construction industry. Therefore, the reform of the reform a matter of course become the core issue of the construction industry.
Keywords: Project Cost Management in the history of reform