- Tytuł:
- Value Management – Creating Functional Value For Construction Project: An Exploratory Study
- Autorzy:
-
Olawumi, Timothy Oluwatosin
Akinrata, Ebunoluwa Bimbola
Arijeloye, Bamidele Temitope - Powiązania:
- https://bibliotekanauki.pl/articles/1191214.pdf
- Data publikacji:
- 2016
- Wydawca:
- Przedsiębiorstwo Wydawnictw Naukowych Darwin / Scientific Publishing House DARWIN
- Tematy:
-
Value management (VM)
barriers
benefits
drivers
VM methodology - Opis:
- Value management is a process whereby the project is evaluated and scrutinised to obtain maximum value for money by following a prescribed methodology. It focuses on the value, rather than cost, in relation to the function of the element of the project. However, value relates to what an element does. The key benefit of VM is the financial benefits to the client; other benefits include a clearer brief, improved communication, use of local materials etc. However, there are barriers to its application such as inadequate training and education, the unwillingness to entertain new ideas, lack of regulatory framework etc. Also, the following drivers of VM approach were identified: establishment of a regulatory framework, client’s awareness, establishment of a group support system on VM etc. This paper considers value management from a functional value perspective and argues for greater recognition for it to form an integral part of projects.
- Źródło:
-
World Scientific News; 2016, 54; 40-59
2392-2192 - Pojawia się w:
- World Scientific News
- Dostawca treści:
- Biblioteka Nauki
Artykuł