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Title: Value management : recent developments and way forward
Authors: Shen, GQP 
Yu, ATW 
Issue Date: 2012
Source: Construction innovation, 2012, v. 12, no. 3, p. 264-271
Abstract: Purpose – The purpose of this paper is to review the development of value management (VM) over the last few decades and propose ways for future development.
Design/methodology/approach – A qualitative research methodology was adopted which involved a comprehensive review of relevant literature leading to a better understanding of the history and development of VM. A way forward is suggested for the future development of VM.
Findings – The research revealed that sustainable development is an area which has great potential for the application of a VM methodology in the construction industry in order to ensure sustainable design and development is leveraged during the life span of construction projects.
Originality/value – The research work described in this paper encourages researchers and practitioners to integrate VM and sustainable development. It enables the VM community to have a better understanding of applying VM techniques to address “green building” issues and the potential of applying VM to promote sustainability in buildings.
Keywords: Value management
Sustainable development
Construction industry
Publisher: Emerald Group Publishing Limited
Journal: Construction innovation 
ISSN: 1471-4175
EISSN: 1477-0857
DOI: 10.1108/14714171211244631
Rights: © Emerald Group Publishing Limited
This article is (c) Emerald Group Publishing and permission has been granted for this version to appear here (http://repository.lib.polyu.edu.hk/). Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Group Publishing Limited.
The published version is available at http://dx.doi.org/10.1108/14714171211244631
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