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Assessing the overall performance of value engineering workshops for construction projects

Success of a value engineering workshop (VEW) depends on numerous interrelated factors. Unfortunately, some of these factors are overlooked by VEW teams. This study applied factor analysis and the Analytic Hierarchy Process (AHP) to analyze a questionnair ...

Developing a knowledge management system for improved value engineering practices in the construction industry

This paper has developed a value engineering knowledge management system (VE-KMS), which applies the theory of inventive problem-solving and integrates its creativity tools into the creativity phase of the VE process and thus makes the creativity phase mo ...

Prediction of project outcome The application of statistical methods to earned value management and earned schedule performance indexes

Earned value management (EVM) has provided methods for predicting the final cost for projects. In large part, these methods have not been improved upon since their beginnings and, with one exception, remain unsubstantiated as to accuracy. At the present t ...

Revolutionize value management: A mode towards sustainability

The rise of sustainability phenomenon in this modern construction world initiated the search for opportune ways that will enable this concept be infused into present working environments. As one of the well-known techniques conducted to assist in decision ...

The awareness and practice of value management by South African consulting engineers: Preliminary research survey findings

The awareness of value management (VM) and the nature and extent of its practice by professional civil, electrical and mechanical engineers in the South African construction industry are investigated using a web-based, online questionnaire survey as the f ...

The new value imperative for privately held companies: The why, what, and how of value management strategy

This discussion describes the why, what, and how of managing for value in privately held companies. Public companies continue to manage for value, a trend that is now pushing its way inexorably into privately held companies. First, we discuss the dynamics ...

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