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Best Value Approach (BVA): Enhancing Value Creation in Construction Projects

Author

Listed:
  • Haddadi Amin

    () (Norwegian University of Science and Technology (NTNU), Norway)

  • Johansen Agnar

    () (Foundation for Scientific and Industrial Research (SINTEF), Norway)

  • Bjørberg Svein

    () (Norwegian University of Science and Technology (NTNU), Norway)

Abstract

Background: Research has revealed an inadequate understanding of the owners’ and users’ strategic objectives and a lack of methodology for translating these objectives into functional buildings. Fulfilment of owners’ and users’ objectives is fundamental in creating value through a project. Management and design processes can be decisive in achieving the desired objectives. Hence, knowledge about what creates value applied into a management framework will enable higher value creation.

Suggested Citation

  • Haddadi Amin & Johansen Agnar & Bjørberg Svein, 2017. "Best Value Approach (BVA): Enhancing Value Creation in Construction Projects," Business Systems Research, Sciendo, vol. 8(2), pages 84-100, September.
  • Handle: RePEc:bit:bsrysr:v:8:y:2017:i:2:p:84-100:n:7
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    More about this item

    Keywords

    value creation; conceptual framework; value management; construction project management; life cycle thinking;

    JEL classification:

    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction

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