Karunasena, G and Rajagalgoda, G K (2017) A decision-making formula for value engineering applications in the Sri Lankan construction industry. Journal of Financial Management of Property and Construction, 22(1), pp. 77-91. ISSN 1366-4387
Abstract
This paper examines the existing practices of value engineering (VE) techniques and makes the recommendations to organisations and national construction regulatory bodies, to standardise VE practices revealing unsatisfactory application, knowledge and experience on VE techniques among construction professionals.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction industry; value; value engineering; framework; decision making formula |
| Index terms: | value engineering, construction professional, construction industry, decision-making formula |
| Subjects: | decision analysis, industry analysis, professional development, value management |
| Topics: | Risk Management, Cost Management, Information Management, Research Practice |
| Descriptive scope: | 3 PCT |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here