Research On Application Of Entire Life-cycle Cost Management In Railway Transportation Project Based On Value Management

The railway transportation project is synthetic systems engineering, which has large scale, high cost and long cycle. Many big cities of our country have put railway transportation project on the agenda, for example, Beijing, Shanghai, and Guangzhou have completed more than 100 kilometers railway. However, the continuous high construction cost has been a big problem.Value management is an effective system theory and method to ensure investment benefits and reduce investments in construction projects. Because it can meet the needs of a construction project itself and has a significant effect in reducing costs and ensuring investment benefits of a construction project, VM can be widely used in construction projects. It will undoubtedly have enormous economic and social benefits to use VM concept in the construction and management of construction projects, and it is of great significance to promote the construction of a project. By analyzing of the theory,application and application status of VM.Considering the railway transportation project with big investment scale, long cycle of construction, and complicated phases, this thesis introduce the method of Value Engineering to the entire life-cycle cost management. Through setting the value objectives, choosing the value objects, analyzing and judging the functions of railway transportation project to optimize and choose ways in each phase to control the cost, enhance the value, and try our best to finish the railway transportation project with the lowest entire life-cycle cost. In the end of this thesis, a case is used to analyze how to use the method of Value Engineering in the phase of signal system design in the railway transportation project.