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What is Value Management in Construction Projects about?

This document outlines the concepts and benefits of value management. It discusses value management as a systematic, multidisciplinary process aimed at improving the value of construction projects through optimizing costs, time, and quality. The document defines value management and its key concepts, including focusing on functions rather than costs. It also lists the purposes of value management as reducing unnecessary expenditures, promoting innovation, and optimizing resources. Some advantages mentioned

Author

Junming Chew

Language

EN