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

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

doi:10.1061/9780784413135.067

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 proceeding › Conference article published in proceeding or book › Academic research › peer-review

1 Citation (Scopus)

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 language	English
Title of host publication	ICCREM 2013
Subtitle of host publication	Construction and Operation in the Context of Sustainability - Proceedings of the 2013 International Conference on Construction and Real Estate Management
Pages	712-724
Number of pages	13
DOIs	https://doi.org/10.1061/9780784413135.067
Publication status	Published - 11 Dec 2013
Event	2013 International Conference on Construction and Real Estate Management: Construction and Operation in the Context of Sustainability, ICCREM 2013 - Karlsruhe, Germany Duration: 10 Oct 2013 → 11 Oct 2013

Conference

Conference	2013 International Conference on Construction and Real Estate Management: Construction and Operation in the Context of Sustainability, ICCREM 2013
Country/Territory	Germany
City	Karlsruhe
Period	10/10/13 → 11/10/13

ASJC Scopus subject areas

Civil and Structural Engineering
Building and Construction

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10.1061/9780784413135.067

Cite this

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title = "A study of virtual value management workshop: Identifying risks of its implementation",

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.",

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Yuan, Z, Shen, Q, Chung, KH & Ramly, ZM 2013, A study of virtual value management workshop: Identifying risks of its implementation. in ICCREM 2013: Construction and Operation in the Context of Sustainability - Proceedings of the 2013 International Conference on Construction and Real Estate Management. pp. 712-724, 2013 International Conference on Construction and Real Estate Management: Construction and Operation in the Context of Sustainability, ICCREM 2013, Karlsruhe, Germany, 10/10/13. https://doi.org/10.1061/9780784413135.067

A study of virtual value management workshop: Identifying risks of its implementation. / Yuan, Zhao; Shen, Qiping; Chung, K. H. et al.
ICCREM 2013: Construction and Operation in the Context of Sustainability - Proceedings of the 2013 International Conference on Construction and Real Estate Management. 2013. p. 712-724.

Research output: Chapter in book / Conference proceeding › Conference article published in proceeding or book › Academic research › peer-review

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AB - 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.

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

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