Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/23253
Title: Critical success factors for value management studies in construction
Authors: Shen, Q 
Liu, G
Keywords: Construction management
Surveys
Value engineering
Issue Date: 2003
Source: Journal of construction engineering and management, 2003, v. 129, no. 5, p. 485-491 How to cite?
Journal: Journal of Construction Engineering and Management 
Abstract: Value management (VM) studies often face pressure caused by limited time and resources. The identification of key factors for value management success enables appropriate allocation of the limited time and resources in order to achieve better output. Most of the related past work only identified critical success factors for value management studies in general. This paper seeks to distinguish these factors according to their degrees of importance in relation to success. A questionnaire survey was conducted to gather views from experts with experience in value management practice. The findings of the survey reveal the relative importance of the nominated success factors. Two factors that had not been highlighted by previous research are identified as having a significant influence on the success of VM studies. In order to explore the underlying construction among the identified critical success factors (CSFs), factor analysis was adopted to investigate the cluster of the relationship. The results indicate that the success of VM studies requires a combined effort from all parties involved.
URI: http://hdl.handle.net/10397/23253
ISSN: 0733-9364
DOI: 10.1061/(ASCE)0733-9364(2003)129:5(485)
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