1st Edition

Project Life Cycle Economics Cost Estimation, Management and Effectiveness in Construction Projects

By Massimo Pica Copyright 2015
    438 Pages
    by Routledge

    440 Pages
    by Routledge

    The financing of modern construction projects reflects the need to address the costs and benefits of the whole life of the project. This means that end of life economics can now have a far greater impact on the planning and feasibility phases. During the project itself, decisions on construction materials and processes all influence the schedule as well as both immediate and down-the-line costs. Massimo Pica and his co-authors explain in detail the fundamentals of project life cycle economics and how they apply in the context of complex modern construction. This is an essential guide for those involved in construction project design, tendering and contracting; to help ensure the sustainability of the project or their contribution to it, from the start. It is also important for those involved in the delivery of the project to help them make the choices to keep the project on a financial even keel. Government, corporations and other organizations are looking for new models of collaborative working to fund their large construction and infrastructure projects in the face of changing attitudes to risk; a better educated and more demanding base of end-user clients and the increasing requirements for projects that are environmentally responsible and sustainable. Project Life Cycle Economics is a fundamental primer for those commissioning and those delivering construction.

    I: Fundamentals of Project Life Cycle Economics; 1: The Essence of Project Management and its Challenges; 2: Project Management, Projects and Their Life Cycles; 3: Projects and Their Life Cycles; 4: Introduction to Project Life Cycle Cost, Schedule and Requirements Management; 5: Initiating the Project; 6: Estimating and Budgeting for Project Activities; 7: Developing and Managing the Project Schedule; 8: Resource Issues in Schedule Management; 9: Measuring, Monitoring and Controlling the Project Performance; 10: The Percentage of Completion as a Metric of Project Control; 11: Project Change Management; 12: Project Closeout and Lessons Learned; 13: Human Factors in Project Life Cycle Economics; II: Project Cost and Value for Constructions and Facilities; 14: Planning for the Project Life Cycle of Constructions and Facilities; 15: Fundamentals of Construction Economics; 16: Identifying Cost and Life Expectancy Information; 17: The Evolution of Construction Cost Estimation and Project Management; 18: Environmental Impact and Lifetime Cost-Effective Sustainability of Constructed Assets; 19: Value for Money Assessment in Construction Projects; 20: Driving Towards Successful Progress and Delivery of Construction Projects; 21: Construction Project Monitoring in Complex Contexts; Value Management and Value Improving Practices (VIPs) in the Life Cycle of Construction Projects


    Massimo Pica is a registered engineer in Rome, Italy. He graduated in Chemical Engineering at �€�Sapienza�€� University in Rome, Italy. General Pica recently retired from active service with the rank of Brigadier General in the Corps of Professional Engineers of the Italian Army. Throughout his career General Pica built up significant experience in Project Management, and especially Project Cost Management, as he participated in a number of NATO and international programs for the design, development and production of advanced defence systems. His current activities are in the area of specialist training on Project Management and Economic Engineering. He is a member of European Council of Construction Economics and of International Cost Estimating and Analysis Association.