Best Value Approach (BVA): Enhancing Value Creation in Construction Projects

Best Value Approach (BVA): Enhancing Value Creation in Construction Projects

Background: Research has revealed an inadequate understanding of the owners’ and users’ strategic objectives and a lack of methodology for translating these objectives into functional buildings. Fulfilment of owners’ and users’ objectives is fundamental in creating value through a project. Managemen...

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Bibliographic Details
Main Authors: Haddadi Amin, Johansen Agnar, Bjørberg Svein
Format: Article
Language:English
Published: Sciendo 2017-09-01
Series:Business Systems Research
Subjects:
value creation
conceptual framework
value management
construction project management
life cycle thinking
l74
Online Access:https://doi.org/10.1515/bsrj-2017-0018
Description
Summary:Background: Research has revealed an inadequate understanding of the owners’ and users’ strategic objectives and a lack of methodology for translating these objectives into functional buildings. Fulfilment of owners’ and users’ objectives is fundamental in creating value through a project. Management and design processes can be decisive in achieving the desired objectives. Hence, knowledge about what creates value applied into a management framework will enable higher value creation.
ISSN:1847-9375

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