Analysis of value and project goal specificity in value management

Leung, M Y and Liu, A M M (2003) Analysis of value and project goal specificity in value management. Construction Management and Economics, 21(1), pp. 11-19. ISSN 01446193

Abstract

Value is a subjective term and is manifested in different ways such as attitude, belief, desire, preference, need and criteria. In this paper, a cognitive value management model for construction procurement is developed to examine how value is influenced by previous project outcomes and other environmental dynamics that affect project goal setting and conflict resolution in the value management process. The relationships among the variables of value specificity, goal specificity, conflict resolution and participant satisfaction are investigated in a behavioural model of value management. It is postulated that value-goal specificity and conflict resolution (integration) level in the value management process have a direct impact on satisfaction of project participants. The findings in a questionnaire survey indicate that more specific value and goal and higher conflict resolution (integration) level in the goal setting process can improve the participants' satisfaction.

Item Type: Article
Uncontrolled Keywords: conflict resolution; project goal specificity; satisfaction; value management
Index terms: survey, preference, integration, questionnaire, conflict resolution, project outcome, satisfaction, dynamics, value management, construction procurement
Subjects: project delivery, contractual arrangements, project completion, data collection methods, systems engineering, conflict resolution, organizational analysis, decision-making and reasoning, management
Topics: Value Management, Organizational Design, Project Management, Research Practice, Engineering Principles, Procurement, Stakeholder Management
Descriptive scope: 4 PCEA

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