"Value Management in Construction Management"
Author: Haltenhoff, C. Edwin
Published In: Facilities Manager
Date: Winter 1987
Value management is the term given to the collective exercise the project team provides in a cooperative effort to give the owner the best possible cost-to-quality ratio on his or her project. Discusses VM's four prime decision areas: value engineering, life cycle cost, budget or cost control, and construction and contracting and the VM organization, staff, and process. Includes figures of value management decision making, VM estimating format, and VM organization.
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