A study of virtual value management workshop: Identifying risks of its implementation

Zhao Yuan, Qiping Shen, K. H. Chung, Z. Mohamad Ramly

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

Abstract

Value Management (VM) studies often encounter a problem that key stakeholders of a construction project are geographically dispersed and it is difficult to assemble them in a specific location on appointed time to conduct such VM studies. Therefore, virtual VM workshop is proposed to enable online participation of project stakeholders. This paper presented major risks in conducting virtual VM workshop for construction projects. In order to identify these risks, the critical success factors (CSFs) were identified first. A literature review, an experimental study and a follow-up questionnaire survey were conducted to identify the CSFs and the problems. Meanwhile, a Virtual VM System (VVMS) has been developed in this research to support the implementation of VM workshops. Finally, 7 major risks of virtual VM workshops are identified, and how to measure these risks in virtual VM studies is also discussed.
Original languageEnglish
Title of host publicationICCREM 2013
Subtitle of host publicationConstruction and Operation in the Context of Sustainability - Proceedings of the 2013 International Conference on Construction and Real Estate Management
Pages712-724
Number of pages13
DOIs
Publication statusPublished - 11 Dec 2013
Event2013 International Conference on Construction and Real Estate Management: Construction and Operation in the Context of Sustainability, ICCREM 2013 - Karlsruhe, Germany
Duration: 10 Oct 201311 Oct 2013

Conference

Conference2013 International Conference on Construction and Real Estate Management: Construction and Operation in the Context of Sustainability, ICCREM 2013
Country/TerritoryGermany
CityKarlsruhe
Period10/10/1311/10/13

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Building and Construction

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