YD Project Life Cycle Cost Analysis

Real estate is an important part of the national economy,and its durability and superiority construction have an important and profound impact on the entire economic development.At the same time,the real estate industry is not only greatly affected by the government's macro-control policies,but also linked with the internal management costs of the industry.At present,in the context of the external economic environment downturn,if real estate development enterprises want to achieve better development,they should adapt to the situation of structural adjustment of the industry and strengthen their own cost management.Therefore,from the perspective of cost management,the model of "life cycle cost control of real estate projects" is a new type of cost management method.With its advanced cost analysis and control concept,sound cost management awareness and strong cost control measures are more and more recognized by the industry.Real estate project life cycle can be divided into four stages from the perspective of its project characteristics: The first stage: project decision-making;The second stage: Project construction(including project design and construction,etc.);The third stage: Project operation(including project use and maintenance);The fourth stage: Demolition of the project.Based on the relevant theories,based on the application of the life cycle cost of real estate projects in China,the methods of literature research,systematic research,and case study are adopted,this paper carries out an analytical investigation about the importance of life cycle cost analysis and control of real estate development projects in detail from macro and micro aspects.Real estate project life cycle(LCC)is a non-single economic assessment analysis.As real estate projects are affected by many uncertainties throughout the life cycle,such as uncertainty of the project itself,uncertainty of the external environment,and uncertainty of the maintenance cycle and cost,which leaves uncertainty in the calculation of costs at all stages throughout the life cycle.Moreover,these uncertainties have a very significant impact on the final decision-making results.As far as the research object is concerned,in addition to the influence of uncertainty factors on the cost,the second stage of the project life cycle,namely the project construction stage,has the greatest impact on the cost of the whole project,while the remaining three phases have a relatively small impact on the cost of the project.For this,the paper carries out analysis and research focusing on the cost control of design,bidding,construction,final accounts of completion and sales and other links involved in the second stage of the whole life cycle.By combining theory with practice,this paper solves the difficulties of the application of life cycle cost management theory and real estate construction project,and further improves the full-life cycle cost management system of real estate construction project.It has laid a certain theoretical foundation for the economic and rational goal of the total life cycle cost of real estate projects.In addition,it also provides a theoretical basis and concrete measures for the subsequent realization of the economic benefits of the whole life cycle management of the real estate industry.