Synthesis of a model for life-cycle project management

The focus of this article is on life-cycle objective-based project manageme nt models in general. The model has been designed (1) to facilitate employm ent of life-cycle objective-based project management approaches and (2) to support concurrent engineering and construction, thus promoting greater int egration of total processes under which projects are proposed and implement ed. In order to synthesize rite functions designed in the model, we underto ok a detailed case study of a large capital project. This case study has be en documented in separate articles; only the results of the study,will be p resented in this article. while this field research shed light on the actua l needs and requirements, the design of the fucntions was approached from f irst principles. They incorporate the basic shift from the traditional obje ctives Of cost, time, and quality to life-cycle objective functions, such a s return on investment, facility operability, and life-cycle integration. T his article describes the fundamental philosophy and framework for the deve lopment of life-cycle project management in general and contrasts this with the traditional project management models.