An effective action technique for the time evolution of a closed syste
m eonsisting of one or more mean fields interacting with their quantum
fluctuations is presented. By marrying large-N expansion methods to t
he Schwinger-Keldysh closed time path formulation of the quantum effec
tive action, causality of the resulting equations of motion is ensured
and a systematic, energy-conserving and gauge-invariant expansion abo
ut the quasiclassical mean field(s) in powers of 1/N developed. The ge
neral method is exposed in two specific examples, O(N) symmetric scala
r lambdaPHI4 theory and quantum electrodynamics (QED) with N fermion f
ields. The lambdaPHI4 case is well suited to the numerical study of th
e real time dynamics of phase transitions characterized by a scalar or
der parameter. In QED the technique may be used to study the quantum n
onequilibrium effects of pair creation in strong electric fields and t
he scattering and transport processes in a relativistic e+e- plasma. A
simple renormalization scheme that makes practical the numerical solu
tion of the equations of motion of these and other field theories is d
escribed.