Dallas M. Value and risk management: A guide to best practice

Blackwell Publishing Ltd – 2006, 403 pages
ISBN: 140512069X, 9781405120692This book raises the subjects of value and risk management above the levels of simple cost reduction and their application primarily to construction activities with which they are often, rather narrowly, associated. At the same time, it improves accessibility to what are often considered to be fairly complicated processes.
Construction projects are about more than simply delivering build- ings. They must reflect the long-term business needs of those who commission them and deliver the expected benefits.
In this context, value lies in the effectiveness with which the bene- fits are delivered. Effective delivery requires that the industry clearly understands the long-term needs of the clients, and delivers them efficiently and economically. The integrated project team optimises the efficiency of delivery through the supply chain. Value man- agement complements efficient delivery by ensuring that efforts are deployed towards delivering the right buildings. It helps cre- ate affordable buildings that are productive and pleasant places in which to work, that are easy to use and maintain, and contribute positively to the environment and communities in which they are situated.