Beyond Risk Mitigation: Integrating Value Management for Successful Construction Projects

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The book delves into Value Management (VM) as a method in construction design that aligns client values with project team understanding. It distinguishes VM from Value Engineering (VE), emphasizing VM's focus on optimizing solutions and establishing decision frameworks through Multi-Attribute Utility Theory. The study highlights the importance of clear objectives in projects, as they are unique endeavors with a single opportunity for success. Ultimately, VM aims to identify options that deliver the best value for money based on established criteria.