Value management: improving capabilities

Downs, Clive G.; Woodhead, Roy

doi:10.1680/vmic.29897

Cited by 14 publications

(12 citation statements)

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“…The interviews and questionnaire returns suggested that value management (VM) [59,60,66] needs to be more clearly understood. Several companies claimed the topic was not relevant to them -though see Morris and Jamieson [40] which shows 55% of the EMEA PMI members surveyed were applying VM, and Tables 1 and 2 show 88/81% reporting VM as relevant.…”

Section: General Comments On Topicsmentioning

confidence: 99%

Research updating the APM Body of Knowledge 4th edition

Morris

Jamieson

Shepherd³

2006

International Journal of Project Management

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Section: General Comments On Topicsmentioning

confidence: 99%

Research updating the APM Body of Knowledge 4th edition

Morris

Jamieson

Shepherd³

2006

International Journal of Project Management

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“…are common in VM. VM players are no strangers to these issues as they regularly appeared in VM studies as criteria or components of FAST diagram or value tree search for basic function, as illustrated by many authors [11,[17][18][19][20][21]. From value tree, these functions will be carried forward to the weighting analysis technique to evaluate options in the VM evaluation stage [17,20].…”

Section: Vm As a Mode For Delivering Sustainabilitymentioning

confidence: 99%

Revolutionize value management: A mode towards sustainability

Abidin

Pasquire

2007

International Journal of Project Management

124

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“…VM is an integrated, fullteam approach to identifying the needs of the project, and of proposing and developing alternative ways of meeting those needs. VM is a method that facilitates group decision making when many stakeholders anticipate different outcomes [1] by enhancing communication and common understanding between team members. In the construction industry, where a tool for team decision making is necessary, group decisions and negotiation will be appropriate.…”

Section: Introductionmentioning

confidence: 99%

Group Decisions in Value Management

Utomo

Murti

Idrus

2015

MST

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This research deals with a technique to expedite group decision making during the selection of technical solutions for value management process. Selection of a solution from a set of alternatives is facilitated by evaluating using multicriteria decision making techniques. During the process, every possible solution is rated on criteria of function and cost. Function deals more with quality than with quantity, and cost can be calculated based on the theoretical time value of money. Decision-making techniques based on satisfying games are applied to determine the relative function and cost of solutions and hence their relative value. The functions were determined by function analysis system technique. Analytical hierarchy process was applied to decision making and life-cycle cost analysis were used to calculate cost. Cooperative decision making was shown to consist of identifying agreement options, analyzing, and forming coalitions. The objective was attained using the satisfying game model as a basis for two main preferences. The model will improve the value of decision regarding design. It further emphasizes the importance of performance evaluation in the design process and value analysis. The result of the implementation, when applied to the selection of a building wall system, demonstrates a process of selecting the most valuable technical solution as the best-fit option for all decision makers. This work is relevant to group decision making and negotiation, as it aims to provide a framework to support negotiation in design activity. AbstrakKeputusan Kelompok dan Koalisi pada Manajemen Nilai. Penelitian ini berkaitan dengan penyusunan model untuk mempercepat pengambilan keputusan kelompok selama pemilihan solusi teknis dan membangun sistem alternatif untuk proses manajemen nilai. Pemilihan solusi dari serangkaian alternatif dilakukan menggunakan teknik pengambilan keputusan multikriteria dengan kriteria fungsi dan biaya. Proses hirarki analitis diterapkan untuk pengambilan keputusan, dan analisis fungsi serta analisis biaya siklus hidup digunakan untuk menentukan nilai bagi solusi terbaik. Pengambilan keputusan kelompok disusun secara kooperatif melalui identifikasi pilihan, analisis, dan pembentukan koalisi. Model ini akan meningkatkan nilai keputusan pada proses desain. Hasil pelaksanaan, yang diterapkan pada pemilihan sistem dinding bangunan, menunjukkan proses pemilihan solusi teknis sebagai pilihan terbaik untuk semua pengambil keputusan. Riset ini relevan dengan pengambilan keputusan kelompok dan negosiasi, karena bertujuan menyediakan kerangka kerja untuk mendukung negosiasi dalam kegiatan desain

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Value management: improving capabilities

Cited by 14 publications

References 0 publications

Research updating the APM Body of Knowledge 4th edition

Research updating the APM Body of Knowledge 4th edition

Revolutionize value management: A mode towards sustainability

Group Decisions in Value Management

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