Research On The Establishment Of Objective System Of Government Investment Project In Decision-Making Phase Based On Value Management

Economics of China is developing rapidly now, to a large extent,the development of the economy dependent on an increase in investment in fixed assets, Which account for a large proportion of government investment projects. Government investment projects as the public project provide public service mostly. The goal of public projects is not only for Economic benefits,but also for the social and environmental benefits more over. So, we request the government investment projects more stringent requirements in the success of the proposed standards.For many decision -makers as the government administrators were not involved in the design and construction works of government investment project, or are not the ultimate user, so that lead to decision-makers do not understand the real requirements of the users,and the objectives of the project which were worked out can not fully meet the stakeholders'reasonable needs for the function of projects. Based on this issue, this thesis gives a method to establish the project objective system of government investment project based on the value management.This thesis first gives the the concept and the constitute system of the non-operation government investment projects, including three levels of the strategic objectives, function objectives and design objectives. This thesis researches the method of establish for the function objectives and design objectives. The basic idea of this thesis is to identify the function system of projects which meet the needs of the core stakeholders,and then make the objective system for design based on the benchmark reference,design standards and projects deliverable which introduce the contents of the project outcomes.Based on the content of project objective system, This thesis discusses the objectives establish process of different levels respectively, the whole process includes such three stages: (1) Stakeholders needs analysis of government investment projects. Define the core stakeholders needs of the government investment projects,based on the stakeholders analysis. According to the analysis of stakeholders and the type,define the core interests of the stakeholders needs.(2) Under the project the core interests of the stakeholders needs, use Value Engineering methods to analysis the value system of government investment project from two aspects of project function and the life cycle cost.(3) Use the Quality Function Deployment (QFD) method to establish the modle of projects design objective. Converte the needs of stakeholders to the function needs of the project. And then use the benchmarking ideas and methods of work breakdown structure (WBS) converte the functional requirements of the project design objectives of the project deliverable outcomes.This study convete the stakeholders'needs to the design objective through the demand for functional analysis of government investment projects effectively. In order to guide the project design and construction management of government investment projects effectively to maximize the project value.