Systematic Management of Highway Project Life Cycle Cost

Abstract

The cost in each stage of construction project has respective characteristics, and has different status in the whole life cycle. The relation between construction cost and maintenance cost is that as one falls, another rises. Systematic management of highway project life cycle cost is achieving the optimal life cycle cost of construction project from the aspects such as material cost control, equipment cost control, human resources cost control, management cost control, new technology cost control and risk control by analyzing the interrelation between the cost in every stage or of every element of projects life cycle.