Value Management of Construction Projects (2nd Edition) – eBook

Description

**Value Management of Construction Projects 2nd Edition (PDF)** offers a transformative approach for enhancing decision-making and maximizing value in organizational projects. Building upon the solid foundation laid by its predecessor, this new edition broadens the scope of Value Management, integrating its principles and structured methodology not just in construction but also in service delivery, asset management, and program management—ensuring a holistic view is applied to products, projects, and processes.

As a well-respected framework within the international construction landscape, Value Management has been validated as a best practice across various government-endorsed reports in the UK. This publication delves into the practical challenges and opportunities presented by Value Management, melding comprehensive theoretical perspectives with real-world applicability. Through a synthesis of international advancements and the authors’ extensive consulting and action research endeavors, this book provides an enriched compilation of both practice and theory.

Maintaining the foundational structure of the first edition, the **2nd edition** features updated content and several new chapters that reflect contemporary practices and theories, responding to vital trends including:

– Evolution of Value Management, particularly in Programmes and Projects.
– Recent research developments in the field of Value Management following the inaugural publication.
– Advances in theoretical frameworks surrounding value, including value-for-money assessments, whole-life value option appraisals, and benefits realization methodologies.
– Innovations in asset management that focus on physical infrastructure, highlighted by the recent BS ISO 55000: 2014 Asset Management standards and its predecessor, BSI PAS 55: 2008.
– An array of recent UK industry and government publications such as BS EN 16271:2012 which details the functional expression of needs and performance specifications, the forthcoming updates to BS EN 12973:2000, and other critical documents impacting training and certification of Value Management within EU member states.

The **2nd edition** also includes a dedicated chapter filled with exemplary case studies based on the authors’ extensive experience, showcasing practical applications of the updated theories and practices in real-world scenarios. An appendix is provided, offering a rich assortment of techniques and tools essential to effective Value Management practices.

This book is indispensable for construction clients in both the private and public sectors, including construction cost consultants, architects, quantity surveyors, construction engineers, asset managers, and project managers. Additionally, it serves as a vital resource for researchers and students engaged in construction-related studies, particularly at the Master’s level and for final-year undergraduates.

ISBN: 978-0367337043
ISBN: 978-0367336992

Explore the depths of Value Management today and unlock the potential to elevate your project delivery and organizational value!