The construction process control of large-scale projects is one of the difficulties and keys in the owner’s project management. Based on generalization process index, this paper proposes an approach to construction project process control. The paper elaborates on the concept and calculation of generalization process index, which, on analysis, possesses Markov property. Monthly generalization process index is regarded as a state of Markov chain, and the transition between different states is realized by computer simulation. According to the Markov process forecasting model and by means of MATLAB program, the project process forecast is realized, and the completion probability in contract period is obtained. From practical instances, it is concluded that this approach has good applicability and operability and that the obtained results can reflect the degree of project risks.