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Frontiers of Engineering Management

ISSN 2095-7513

ISSN 2096-0255(Online)

CN 10-1205/N

Postal Subscription Code 80-905

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Front. Eng    2016, Vol. 3 Issue (2) : 147-157    https://doi.org/10.15302/J-FEM-2016018
ENGINEERING MANAGEMENT THEORIES AND METHODOLOGIES
Value Management Practices on Major Construction Projects and Green Building
Ru-jiang Zhao1(),Wung Hee Moh2()
1. The Construction Command Center of Sino-Singapore Guangzhou Knowledge City, Guangzhou 510555, China
2. Singbridge Corporation Pte Ltd, Singapore
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Abstract

The paper starts with background information on value management (VM) in the construction industry and current development situation of the green building industry, and costs and profitability of green buildings. The paper continues with detailed analyses of the findings, covering new developments and perceptions of VM, and applications of VM in the industry. The paper also reports case studies on the practices adopted in the planning and design management phase of SIPO Guangdong Patent Examination Cooperation Center and in the construction management phase of Guangzhou International Bio-Island Standard Property Unit II project. As revealed by the practices, the value-adds and savings in construction costs through the application of VM are important for the developers, and the contributions of VM application in green building projects are significant to achieving the expected targets and to resolving the design and construction challenges encountered in the development of green building industry. And the paper presents, findings on how VM can improve construction management and coordination of several ongoing construction projects and on how VM can be systematically implemented by phases, and discussions on other potential benefits of using VM systems.
Keywords value management (VM)      VM theory and practices      Chinese construction industry      green buildings     
Corresponding Author(s): Ru-jiang Zhao   
Online First Date: 27 July 2016    Issue Date: 22 September 2016
 Cite this article:   
Ru-jiang Zhao,Wung Hee Moh. Value Management Practices on Major Construction Projects and Green Building[J]. Front. Eng, 2016, 3(2): 147-157.
 URL:  
https://academic.hep.com.cn/fem/EN/10.15302/J-FEM-2016018
https://academic.hep.com.cn/fem/EN/Y2016/V3/I2/147
Fig.1  Process diagram of VM by building owners.
Fig.2  The implementation diagram of the value management of green building projects.
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