Study On Construction Project Life Cycle Project Management

Capital construction is a complicated systems engineering, which will involve many units, spend lots of man-hours, material and money, have specific targets under some constraints, and take long time. So, it is a typical project. It needs us do more studies as well as apply more management knowledge combining with the studies on the project management practice. Learning by doing, and doing by learning. Obviously, practice and knowledge are affecting each other. More and more management and project management coming out will definitely provide more guide to people on the successful operation of a capital construction project. Mastering project management knowledge and smoothly applying them on a capital construction project are becoming more and more necessary to us who are involved in capital construction projects management.The thesis bases on management and project management knowledge system, combines with the capital construction project life cycle, and consider general & systematic view and integrated management. Thereafter, the paper raises the capital construction life cycle project management and put project management processes & knowledge body into each period of the capital construction life cycle. Referring to'initiation-plan-execution-control-close up'processes and the capital construction life cycle, the paper expatiates the operation of a capital construction project with project management 9 knowledge area, what also expresses the importance of integrated management as well as the detailed works in each period of life cycle: investor's feasibility study, external factors especially the project flowchart required by government, time scheduling, time control, cost estimation, cost control, optimization of time & cost, project stakeholders, safety management, contract management, risk management etc. In general, the management and project management knowledge plus combining the capital construction life cycle are performing a Guide to manage a capital construction project.The expectation for this paper is that it could be valuable and used for reference for those people who are involved in the capital construction projects management practice.