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Analysis of value and project goal specificity in value management

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  • Mei-Yung Leung
  • Anita Liu

Abstract

Value is a subjective term and is manifested in different ways such as attitude, belief, desire, preference, need and criteria. In this paper, a cognitive value management model for construction procurement is developed to examine how value is influenced by previous project outcomes and other environmental dynamics that affect project goal setting and conflict resolution in the value management process. The relationships among the variables of value specificity, goal specificity, conflict resolution and participant satisfaction are investigated in a behavioural model of value management. It is postulated that value-goal specificity and conflict resolution (integration) level in the value management process have a direct impact on satisfaction of project participants. The findings in a questionnaire survey indicate that more specific value and goal and higher conflict resolution (integration) level in the goal setting process can improve the participants' satisfaction.

Suggested Citation

  • Mei-Yung Leung & Anita Liu, 2003. "Analysis of value and project goal specificity in value management," Construction Management and Economics, Taylor & Francis Journals, vol. 21(1), pages 11-19.
    • Handle: RePEc:taf:conmgt:v:21:y:2003:i:1:p:11-19
    DOI: 10.1080/0144619032000065081
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    References listed on IDEAS

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    1. Anita Liu & Anthony Walker, 1998. "Evaluation of project outcomes," Construction Management and Economics, Taylor & Francis Journals, vol. 16(2), pages 209-219.
    2. Graham Winch & Aalia Usmani & Andrew Edkins, 1998. "Towards total project quality: a gap analysis approach," Construction Management and Economics, Taylor & Francis Journals, vol. 16(2), pages 193-207.
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    Citations

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    Cited by:

    1. Julien Husson & Aicha Aguezzoul, 2015. "Design of an innovative pharmaceutical platform for a public hospital," Post-Print hal-02989719, HAL.
    2. Richard A. Hunt & Mathew L. A. Hayward, 2018. "Value Creation Through Employer Loans: Evidence of Informal Lending to Employees at Small, Labor-Intensive Firms," Organization Science, INFORMS, vol. 29(2), pages 284-303, April.
    3. Kieran Bennett & Mohammad Mayouf, 2021. "Value Management Integration for Whole Life Cycle: Post COVID-19 Strategy for the UK Construction Industry," Sustainability, MDPI, vol. 13(16), pages 1-26, August.
    4. Dana Kušnírová & Mária Ďurišová & Eva Malichová, 2023. "Indicators of Value Creation and Their Perception by Suppliers in Slovakia," Administrative Sciences, MDPI, vol. 13(8), pages 1-20, July.
    5. Mustafa S. Al-Tekreeti & Salwa M. Beheiry & Vian Ahmed, 2021. "A Framework for Assessing Commitment Indicators in Sustainable Development Decisions," Sustainability, MDPI, vol. 13(9), pages 1-21, May.
    6. Esa, Mohd Reza & Halog, Anthony & Rigamonti, Lucia, 2017. "Strategies for minimizing construction and demolition wastes in Malaysia," Resources, Conservation & Recycling, Elsevier, vol. 120(C), pages 219-229.

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