Applications of value management in the construction industry in China

Qiping Shen, Guiwen Liu

Research output: Journal article publicationReview articleAcademic researchpeer-review

24 Citations (Scopus)

Abstract

Value management (VM) was introduced in China during 1978, when the reform and open door policy started. After a surge of VM applications that emerged in the late 1980s, the development of VM has declined sharply in the recent years in China. Although some successful applications of VM in China's construction industry have been observed, many actions should be taken to exert its full potential to improve value for money for clients. Aims to draw a holistic picture of the current VM practices and provide recommendations for its future development in China's construction industry. Provides a comparison between China's VM approach and the international mainstream to highlight the major differences.
Original languageEnglish
Pages (from-to)9-19
Number of pages11
JournalEngineering, Construction and Architectural Management
Volume11
Issue number1
DOIs
Publication statusPublished - 1 Feb 2004

Keywords

  • China
  • Construction industry
  • Management effectiveness
  • Value analysis

ASJC Scopus subject areas

  • Architecture
  • Civil and Structural Engineering
  • Building and Construction
  • Business, Management and Accounting(all)

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