Palmer, A and McGeorge, D (1998) Value management as a tool of the stakeholder concept. Journal of Financial Management of Property and Construction, 3(1), pp. 73-82. ISSN 1366-4387
Abstract
Value management is a design process based on the definition of function. Function however is subjective and one aspect of value management therefore is reconciling these different views of function. In a similar vein the stakeholder concept has as its main purpose an inclusive approach to decision making, which takes account of a broader spectrum of views than has traditionally been the case. This paper examines value management as a tool of the stakeholder concept.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | stakeholder, value management, value engineering, function analysis |
| Index terms: | function analysis, design process, value engineering, decision-making, value management |
| Subjects: | management, decision analysis, design methods, value management, data science |
| Topics: | Cost Management, Design Practice, Engineering Principles, Risk Management, Value Management |
| Descriptive scope: | 3 PCA |
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