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What is Value Management in Construction Projects about?

The document discusses value management concepts and techniques used in construction projects. It defines value management as balancing stakeholder satisfaction and project objectives against resource usage. Five key concepts of value management are outlined: 1) projects must support organizational goals, 2) projects are investments expected to yield returns, 3) investors tolerate project risks, 4) value relates to investment/risks, and 5) value balances performance, resources, and risk. Value is measured m

Author

sympathhia

Language

EN