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Best Value Approach (BVA): Enhancing Value Creation in Construction Projects

Haddadi Amin (), Johansen Agnar () and Bjørberg Svein ()
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Haddadi Amin: Norwegian University of Science and Technology (NTNU), Norway
Johansen Agnar: Foundation for Scientific and Industrial Research (SINTEF), Norway
Bjørberg Svein: Norwegian University of Science and Technology (NTNU), Norway

Business Systems Research, 2017, vol. 8, issue 2, 84-100

Abstract: Background: Research has revealed an inadequate understanding of the owners’ and users’ strategic objectives and a lack of methodology for translating these objectives into functional buildings. Fulfilment of owners’ and users’ objectives is fundamental in creating value through a project. Management and design processes can be decisive in achieving the desired objectives. Hence, knowledge about what creates value applied into a management framework will enable higher value creation.

Keywords: value creation; conceptual framework; value management; construction project management; life cycle thinking (search for similar items in EconPapers)
JEL-codes: L74 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:bit:bsrysr:v:8:y:2017:i:2:p:84-100:n:7