search query: @author Green, S. / total: 9
reference: 4 / 9
| Author: | Green, S. |
| Title: | Beyond value engineering: SMART value management for building projects |
| Journal: | International Journal of Project Management
1994 : FEB, VOL. 12:1, p. 49-56 |
| Index terms: | RISK MANAGEMENT SYSTEMS ANALYSIS RESEARCH |
| Language: | eng |
| Abstract: | The paper distinguishes between value management and value engineering on the basis of their underlying assumptions. The traditional approach to value engineering is analysed, and is found to reflect the optimizing paradigm of hard systems thinking. In contrast, the alternative approach offered by value management is based on the learning paradigm of soft systems thinking. While the objectives of value engineering are dominated by cost reduction, the purpose of value management is to develop a common understanding of the design problem and to identify explicitly an agreed statement of design objectives by the project stakeholders. |
SCIMA