Value Management of Construction Projects / Edition 1

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This book presents an integrated value philosophy, methodology and tool kit for improving project delivery for construction clients. The book draws together insights from over 200 value studies conducted by the authors, across a range of projects varying in size from [pound]1m to over [pound]1bn, and procurement routes including partnering, PFI, prime contracting and Pocure 21. This practical experience is integrated with extensive research and analysis of standards and best practice worldwide. The standards include, specifically, the British Standard on value management, BS EN 12973:2000, and SAVE International's Standard for the Value Methodology.
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Editorial Reviews

From the Publisher
'An excellent reference book ... the practical experience of the authors is apparent as are their academic credentials'

Building Engineer September 2004.

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Product Details

  • ISBN-13: 9780632051434
  • Publisher: Wiley
  • Publication date: 3/8/2004
  • Edition number: 1
  • Pages: 380
  • Product dimensions: 6.69 (w) x 9.61 (h) x 0.78 (d)

Meet the Author

John Kelly was, until his recent retirement, the principal of Axoss Ltd, a company promoting and undertaking consultancy, training and research in value management, value engineering, whole life costing and whole life value. Prior to forming Axoss he was AWG Professor of Construction Innovation in the School of the Built and Natural Environment, Glasgow Caledonian University.

Steven Male is the Balfour Beatty Professor of Building Engineering and Construction Management, School of Civil Engineering, University of Leeds.

Drummond Graham is a Director at Thomson Bethune property and Construction Consultants, Edinburgh. He is responsible for developing the Management Consultancy arm of Thomson Bethune and has been Value Management Facilitator on over 150 studies.

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Table of Contents

Preface; Introduction; Definition; Developments in value management; Developments in UK construction; Developments in value management practice; The aims and objectives of this book; References; Part I Method and Practice; Developments in Value Thinking; Introduction; Background; The global development of value management; Value engineering and value management: an overview of terminology and definitions; The international benchmarking study of value management; Conclusion; References; Function Analysis; Introduction; Strategic function analysis: the mission of the projects; Strategies, programmes and projects; Function diagramming; Kaufman’s FAST diagramming; Functional space diagramming; Elemental cost planning and elemental cost control; Element function analysis; Element function debated; Conclusion; References; Bibliography; Index

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