Value concepts and value based collaboration in building projects

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Abstract

Value has in recent years become a popular term in management theory and practice in general as well as in economic theory and architectural management. This paper attempts to clarify the various uses and meanings of concepts of value/values. Six different value concepts are identified. The ori-gin and use of value concepts in classic and modern economic theory and in management theory is outlined. The question of objectivity and subjectivity is discussed in relation to economic value and customer value. Value creation is put in relation to development in products and processes and a number of design strategies are identified. The concept and methods of value based management and collaboration is discussed in this context. The paper is mainly theoretical and based on work during a MBA study in 2002-04 as well as many years of experience as building client and facilities manager.
Original languageEnglish
Title of host publicationProcedings of CIB W096 Architectural Management : 'Special Meeting' on Designing Value: New Directions in Architectural Management
Number of pages473
VolumePublication no. 307
Place of PublicationKgs. Lyngby
PublisherTechnical University of Denmark
Publication date2005
Pages3-10
ISBN (Print)87-7877-190-0
Publication statusPublished - 2005
EventDesigning Value: New directions in architectural management - DTU, Kgs. Lyngby, Denmark
Duration: 1 Jan 2005 → …

Conference

ConferenceDesigning Value
LocationDTU
CountryDenmark
CityKgs. Lyngby
Period01/01/2005 → …

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