The climate is changing, and the Earth’s resources are being exploited. According to the latest report by the United Nations scientific panel on climate change, collective and significant global action is needed to reduce greenhouse gas emissions and to keep global warming below 2°C (EC website, 2014). As the environmental degradation continues to occur in an accelerated way, time is of the essence for taking effective precautions. Due to its inputs, outputs, and the construction process, the construction industry can adversely affect the environment. Enhancing lean and sustainability performance of the construction industry can contribute to the reduction of the construction industry’s footprint. Integrated BIM usage can be an effective tool in enhancing sustainability and lean performance of construction project management and of asset management. Based on an in-depth literature review, this chapter focuses on the implementation of BIM in the construction project management phases and buildings' lifecycle covering the ‘asset management'. This chapter is expected to enhance the literature especially with its scope and holistic view.