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What is Valuation and Value Management in Construction about?

Value management is a systematic process used to improve the value of projects by analyzing required functions and identifying alternatives to deliver those functions at the lowest total cost over the project lifecycle. It involves a multi-disciplinary team analyzing the functions of projects, products, and processes to find the best value solutions. Value is defined as worth relative to cost, where worth is measured by a product or service

Author

Achu Unnikrishnan

Language

EN