An Analysis of Expectations in Industrial Value Engineering Projects

Erhard Teschl
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Erhard Teschl: Mendel University in Brno, Czech Republic

European Journal of Business Science and Technology, 2018, vol. 4, issue 2, 196-215

Abstract: This exploratory study addresses the need to identify specific and holistic upfront expectations into industrial value engineering projects for best tailored preparation of an efficient project execution. The analysis includes a total base population of 90 projects, which were conducted between 2010 and 2018 in 16 different industries. Out of those, 63 projects had a narrower value engineering context and have been analyzed with the support of a CAQDAS tool (Computer Assisted Qualitative Data Analysis Software). Analytical results show that participants' expectations in value engineering projects vary depending on their industrial environments, but cope with existing studies on critical success factors for project management. Based on the findings the author recommends further research on fast project execution, closing the gap between trainingand project content as well as emphasizing the necessity of rigor with regards to the utilization and application of terminology, which includes sharpening the correct interpretation of value engineering, its tools and contents.

Keywords: value engineering; project expectations; content analysis; CAQDAS (search for similar items in EconPapers)
JEL-codes: L23 O31 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:men:journl:v:4:y:2018:i:2:p:196-215

DOI: 10.11118/ejobsat.v4i2.139

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