IDEAS home Printed from https://ideas.repec.org/a/taf/conmgt/v23y2005i5p483-493.html
   My bibliography  Save this article

Value management practices of leading UK cost consultants

Author

Listed:
  • Robert Ellis
  • Gerard Wood
  • David Keel

Abstract

Value management (VM) is widely accepted as an important tool in the management of projects. Through a series of semi-structured interviews, this paper attempts to add to the qualitative exploration of VM, by investigating the attitudes and experiences of VM facilitators within major UK cost consultancies. Clients cut across all sectors, but relatively few subscribe to a formal VM process. Despite the acknowledged importance of early interventions, the focus for many VM studies tends to be at spaces and element levels, rather than at the earlier concept level. VM continues to be used as a cost-cutting exercise, particularly so on projects which are experiencing problems. Formal VM rarely extends beyond tender stage. Workshops remain the common format, but these are often compressed, due to commercial pressures, into a half-day. Techniques are adapted to suit the needs of the project, team and client rather than being rigidly applied according to the theoretical approaches outlined in the literature. The potential to integrate VM and risk management (RM) services is recognized by all, although such integration is yet to be fully developed and implemented.

Suggested Citation

  • Robert Ellis & Gerard Wood & David Keel, 2005. "Value management practices of leading UK cost consultants," Construction Management and Economics, Taylor & Francis Journals, vol. 23(5), pages 483-493.
    • Handle: RePEc:taf:conmgt:v:23:y:2005:i:5:p:483-493
    DOI: 10.1080/01446190500040711
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/01446190500040711
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/01446190500040711?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. S. D. Green, 1999. "A participative research strategy for propagating soft methodologies in value management practice," Construction Management and Economics, Taylor & Francis Journals, vol. 17(3), pages 329-340.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ahmed Farouk Kineber & Md Sharif Uddin & Alaa Fouad Momena, 2022. "Exploring the Critical Success Factors of Value Management Implementation for Sustainable Residential Building Project: A Stationary Analysis Approach," Sustainability, MDPI, vol. 14(23), pages 1-18, December.
    2. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:conmgt:v:23:y:2005:i:5:p:483-493. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RCME20 .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.