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This dissertation, Integrated Whole Life Cycle Value Evaluation Framework for Infrastructure Megaprojects by Hongbo, Brenda, Xie, 谢洪波, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: In the past decades, while many countries planned and undertook more and bigger infrastructure megaprojects, poor performance has marred their delivery, for example through cost overruns, delays, disputes, and shortfalls in expected benefits. It is therefore important to improve performance levels, especially in infrastructure megaprojects that can considerablely influence the economy, society and environment. Project evaluation is an effective tool in project performance management as it provides stakeholders with a management process through which they can learn from the past and perform better in the future. Most of the traditional evaluation approaches emphasize the three basic success criteria of time, budget and quality. However, with the increasing importance of sustainability criteria and concerns, as well as the growing imperatives for stakeholder engagement, it has already been suggested to reconsider and redefine value by also evaluating other factors, such as those related to the environment and society. Therefore, an integrated whole life cycle value (WLCV) evaluation framework is proposed in order to improve infrastructure megaproject WLCV performance. In this study, whole life cycle (WLC) evaluation has a two-fold meaning: (i) the evaluation is based on a set of value factors drawn from a WLCV system; and (ii) this evaluation is a systematic continuous process from the start to the end of the project. However, considering the unique characteristics of every project, a totally fixed or static structure and content framework is neither sufficient nor suitable for the various types of infrastructure megaprojects. The recommended solution is to develop a semi-flexible framework that enables a pre-determined step by step dynamic structure formulation and a flexible WLCV system. In order to measure project WLCV derived from stakeholders' expectations, from more objective and persuasive perspectives, the relevant value objectives/criteria/indicators, their weightings and targets will be identified, integrated and developed through this WLCV system. Cross-criteria relationships which have not been addressed adequately before, will be dealt with by assigning appropriate weightings. It is also proposed to build a database to store completed project information including various stakeholders' expectations expressed in the form of value objectives. In order to develop the above proposed framework, a basic literature review was conducted to reveal and analyze the significant evaluation problems, identify trends in stakeholder engagement and develop the concept as well as typical criteria and indicators of project WLCV. Meanwhile evaluation practices, stakeholder engagement in the process of evaluation and WLCV perspectives in the Hong Kong construction industry were examined through a first round of interviews and the first of two focus group meetings. The first focus group meeting, second round interviews and the second focus group meeting were conducted to improve the proposed framework by investigating the importance of assigning an appropriate weighting to each value objective and each group of stakeholders; el

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