IDEAS home Printed from https://ideas.repec.org/a/ids/ijpman/v11y2018i3p343-355.html
   My bibliography  Save this article

Interactional function of risk management and value engineering in civil projects (case study: 108-unit residential complex project in Parand New Town)

Author

Listed:
  • Majid Razeghi Jahromi
  • Fatemehsadat Mousavifard
  • Abdolhossein Ayoubi

Abstract

Risk management is known as a process of properties maintenance and the ability in money making and value engineering and management is an inseparable part of risk management. Unified value management and risk management establishes synergy. This study is done with the intention of studying interactional function of value engineering and risk management in civil projects while Dallas model is considered as theoretical model. In this study implementation of value engineering and risk management was done in a unified practical way. Findings indicate that implementation of his model in construction phase of building project will lead to decrease in approximately certain costs as much as 24.77% while project temporary delivery and finalising the project are getting near, decrease rate of final costs will reach 21.32%. After procedures and studying results of tables, it can be concluded that interactional function of risk management and value engineering in this project was accompanied with 7.35% of savings.

Suggested Citation

  • Majid Razeghi Jahromi & Fatemehsadat Mousavifard & Abdolhossein Ayoubi, 2018. "Interactional function of risk management and value engineering in civil projects (case study: 108-unit residential complex project in Parand New Town)," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 11(3), pages 343-355.
    • Handle: RePEc:ids:ijpman:v:11:y:2018:i:3:p:343-355
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=91669
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijpman:v:11:y:2018:i:3:p:343-355. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=255 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.