Research On The Life-cycle Cost Management In The Commodity House Project Based On Value Management

With the changes in the complexity of construction projects and ways of thinking, the understanding of the project cost has changed.Construction activity of the project is no longer considered a static product, but have future revenues or receipts of dynamic products. Evaluate a project’s success or failure, the lowest cost or to maximize the scale is no longer the only evaluation criterion. How to seek the lowest Life Cycle Cost based on the value of the entire project, which is a major shift in the way of the project cost management thinking. With the development of market economy and the continuous refinement of construction specialization in the construction project life-cycle process, involving a growing number of stakeholders, conflicts of interest between them and the communication and coordination barriers increase the difficulty of the project cost management, sometimes a direct result of a substantial increase in cost. How to solve these problems is a difficult problem in the current study.Different stakeholders of the project has different needs, Through the development of the project, there will be positive or negative impacts to the stakeholders, thus lead to contradictions and conflicts, making the value of the project is difficult to achieve. How to ensure that construction projects to achieve the interests of the parties in order to maximize the value, thus making the projects to achieve better economic and social benefits? This needs to be defined on the basis of project stakeholders, then analysis there needs, last, weigh their conflicts of interest, thereby maximizing the overall value.This article from the start with the theory of the stakeholder management, through identification of stakeholders and defining analysis to identify the key stakeholders.After that analysis what functionality is needed in construction project standards and requirement on the basis of clearing the need of the key stakeholders’. These functions are meet the need of the foundation and the safeguard. The final will be the project’s functional requirements as the basis to establish a functional system diagram of the project; then by the cost analysis of the real estate, established the composition table of the full life-cycle cost of the stakeholders;Then established cost estimation system and value evaluation system based on the functional analysis and cost analysis, Finally through case studies to prove value management throughout the life cycle cost control in the role.This study from a variety of effective stakeholders in identifying the key project stakeholders, and to demand their interests through the function analysis into project deliverables of functional objectives, to be able to effectively guide project design and construction management, and residential projects to achieve a commodity of the value of the estate.