Value management of construction projects

Value management evaluates alternative construction materials and systems with a view to saving money without impacting on building performance or the construction programme. It has become a well established tool in the construction industry, having been endorsed in a range of government sponsored reports. In the current economic climate, clients are increasingly looking to employ value management as a way of ensuring they generate maximum value from their investments.+ Since publication of the first edition in 2004, value management has developed significantly. The second edition retains th.

Value Management of Construction Projects; Contents; Preface; Glossary; Part 1: Introduction and Evolution of Value Management; 1 Introduction; 1.1 The aims and objectives of the book; What has changed from edition 1; The objectives of the second edition; Audiences for the second edition; 1.2 Developments in UK construction; 1.3 Developments in value management; Value management; Developments in value management practice; 1.4 The structure of the second edition; References; 2 Evolution of Value Engineering and Value Management; 2.1 Introduction; 2.2 Historical background.

2.3 Definitions, terminology and practice -- Phase 1: 1947 to 19632.4 Definitions, terminology and practice -- Phase 2: 1963 to 1989; 2.5 Definitions, terminology and practice -- Phase 3: 1989 to 2014; 2.6 The Project, Portfolio or Programme of projects; 2.7 The 1998 international benchmarking study of VM and VE; Description of the study; Points in the project process for the application of value management; Benchmarked requirements for a successful value management process; Conclusion of the 1998 benchmarking study; 2.8 Standards and procurement guidance.

British and European (BS EN) Value Management Standards…