Lecal Government Investment Preject Menagement Model

With the development of society, the government increased investment, especially ininfrastructure. While increasing investment,the government further broadened the financingchannels and increased the absorption for private capital, and the management of governmentinvestment projects would naturally become the focus of public attention. But the drawbacksare required that are produced in the course of the management of government investmentproject。In the specific project management process, the local government is faced with howto combine the master plan to co-ordinate their own building, and how to better manage theentire process to achieve high efficiency for project construction and other issues.My paper elaborated the research background, significance, research status of home andabroad, research programs and research paths of local government investment management.And it described the relevant concepts, characteristics, classification of local governmentinvestment projects together with the concepts, models and the related features, themanagement system's reform progress. In the same time, the paper introduced the Theory ofSystem Changes, Principal-agent Theory ,Agent Theory and Project Finance Theory. Thenseparately from the decision-making phase, construction phase and acceptance phase of thelocal government investment projects management, it analy zed the status, factors, problemsand their causes of local government investment management, while comparison of advancedmode of domestic and foreign investment projects in local government management.According to the establishment background, design principles of local government investmentprojects management, new mode of investment management was constructed and from thedecision-making phase, construction phase and acceptance phase specific implementationplans were introduced in the paper. Finally through the studies of relevant cases it got out ofthe conclusion. This paper aimed to build a unified management of local government investmentprojects,which manages on different focus according to the characteristics of specific projectsto ensure local government investment in the project management process "open, fair andequitable".