Mlybari, E A A (2011) Managing value, requirements and risk in the appraisal stage of UK construction projects. PhD thesis, University of Leeds, UK.
Abstract
The construction industry in the United Kingdom has grown significantly and its ability to produce construction projects successfully has a significant impact on the whole economy’s performance. This industry needs better performance and value for money improvement because of ineffective decision-making associated with the management of risks, uncertainties, and changes which are inherent in these projects, particularly at the early {appraisal} stage and its investment decisions. Positioning this research within a wider body of international literature, including standards on managing projects, has made clear: the lack of VM, ReqM and RM approaches that address these methodologies comprehensively at different organisational levels; and the lack of a clear and proper linkage between these organisational levels. This research clarifies the relationships between policy, strategy, portfolio, programme and project levels and their contribution within the appraisal stage of projects. It investigates the applications of value, requirements and risk management at different levels of an organisation; and subsequently develops an integration approach. This approach applies these methodologies together within investment decisions under uncertainty to appraise projects top-down and manage the organisational value chain through these organisational levels to successfully provide the right projects that align with corporate strategy, leading to improve performance and value for organisations in the construction industry.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Male, S and Bower, D |
| Uncontrolled Keywords: | construction project; corporate strategy; integration; investment; linkage; policy; risk management; uncertainty; United Kingdom; value for money |
| Index terms: | linkage, corporate strategy, construction industry, investment decision, risk management, strategy, United Kingdom, programme, appraisal, organizational value, value-for-money, construction project, decision-making, methodology, integration |
| Subjects: | evaluation, production management, Geography, research methods, factor and component analysis, economic analysis, management, industry analysis, decision analysis, organizational analysis, project controls, business, risk assessment |
| Topics: | Risk Management, Geographical Context, Project Management, Value Management, Governance, Business Strategy, Research Practice, Organizational Design, Time Control |
| 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