Building information modeling (BIM) is progressively being adopted for precast construction as it facilitates efficient design, manufacturing and construction through generation and management of the virtual models incorporating both the physical attributes and functional behavior. Several studies have addressed the application of BIM for precast construction; however, these studies have focused on specific areas in the precast project lifecycle such as construction and inventory management. This study focuses on the systematic review of the potential applications of BIM through the entire precast project lifecycle. The stages in the lifecycle considered are "Concept," "Design," "Planning," "Production," "Logistics," and "Erection/Construction" which are similar to stages of a manufactured product. This study reviews past work in the domain and identifies areas for future work. The benefits and shortcomings of BIM application are evaluated based on the needs of each area and the features available in current BIM software. This paper provides a detailed review of the state-of-art of BIM application for precast construction lifecycle and potential for integrated BIM implementation in practice. © ASCE.