Cost And Value Management In Projects

Author : Ray R. Venkataraman
Publisher : John Wiley & Sons
ISBN 13 : 1118174186
Total Pages : 304 pages
Book Rating : 4.80/5 ( download)

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Download or read book Cost and Value Management in Projects written by Ray R. Venkataraman and published by John Wiley & Sons. This book was released on 2011-08-26 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost and Value Management in Projects provides practicing managers with a thorough understanding of the various dimensions of cost and value in projects, along with the factors that impact them, and the managerial approaches that would be most effective for achieving cost efficiency and value optimization. This book addresses cost from a strategic perspective, offering thorough coverage of the various elements of value management such as value planning, value engineering and value analysis from the perspective of projects.

Author : John Kelly
Publisher : John Wiley & Sons
ISBN 13 : 1118351231
Total Pages : 581 pages
Book Rating : 4.39/5 ( download)

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Download or read book Value Management of Construction Projects written by John Kelly and published by John Wiley & Sons. This book was released on 2014-11-17 with total page 581 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value Management is a philosophy, set of principles and a structured management methodology for improving organisational decision-making and value-for-money. The second edition builds on the success of the first edition by extending the integrated value philosophy, methodology and tool kit to describe the application of Value Management to the areas of service delivery, asset management, and, Programmes, in addition to Projects, products and processes. Value Management is a well-established methodology in the international construction industry, and in the UK has been endorsed as good practice in a range of government sponsored reports. In this book the authors have addressed the practical opportunities and difficulties of Value Management by synthesising the background, international developments, benchmarking and their own extensive consultancy and action research experience in Value Management to provide a comprehensive package of theory and practice. The second edition retains the structure of the first edition, covering methods and practices, frameworks of value and the future of value management. It has been thoroughly updated, and a number of new chapters added to encapsulate further extensions to current theory and practice. In particular, the new edition responds to: A range of recent UK industry and government publications; and most notably BS EN 16271:2012 - Value management: Functional expression of the need and functional performance specification; the imminent update of BS EN 12973:2000 Value Management; BS EN 1325 Value Management -- Vocabulary, Terms and definitions; the changes to "Value for Europe" governing the training and certification of Value Management in European Union countries; the UK Government’s Management of Value (MoV) initiative, together with other leading reports, international guidance and standards on Value Management. Research in Value Management undertaken since publication of the first edition. Changes in Value Management practice particularly in Programmes and Projects. Developments in the theory of value, principally value for money measures, whole life value option appraisal, and benefits realisation. Initiatives in asset management initiatives covering the management of physical infrastructure, for example the recent launch of a suite of three standards under the generic title of BS ISO 55000: 2014 Asset Management, and its predecessor BSI PAS55 2008 "Asset Management: Specification For The Optimized Management Of Physical Assets" The second edition contains a dedicated chapter of exemplar case studies drawn from the authors' experience, selected to demonstrate the new areas of theory and practice. An Appendix includes an extensive set of tools and techniques of use in Value Management practice. Construction clients, including those in both the public and private sectors, and professionals such as construction cost consultants, quantity surveyors, architects, asset managers, construction engineers, and construction managers will all find Value Management of Construction Projects to be essential reading. It will also be of interest to researchers and students on construction related courses in Higher Education -- particularly those at final year undergraduate and at Masters level.

Author : Gary C. Humphreys
Publisher : Humphreys & Assoc
ISBN 13 : 9780970861405
Total Pages : 904 pages
Book Rating : 4.00/5 ( download)

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Download or read book Project Management Using Earned Value written by Gary C. Humphreys and published by Humphreys & Assoc. This book was released on 2002-01-01 with total page 904 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Ayodeji E. Oke
Publisher : Springer
ISBN 13 : 331954151X
Total Pages : 195 pages
Book Rating : 4.18/5 ( download)

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Download or read book Sustainable Value Management for Construction Projects written by Ayodeji E. Oke and published by Springer. This book was released on 2017-03-16 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a unique guide to value management and sustainability in construction to researchers and professional. The book provides a better understanding of the concept of value management, the basis of sustainable construction and thereafter, demonstrates how using the principles of value management can help to achieve successful construction projects that are financially viable, socially beneficial and do not damage the environment. The book serves as an introduction to value management for scholars and researchers at all levels; and also as a practical guide for construction professionals, employers and other stakeholders in the construction industry.

Author : John Kelly
Publisher : John Wiley & Sons
ISBN 13 : 1118355148
Total Pages : 581 pages
Book Rating : 4.45/5 ( download)

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Download or read book Value Management of Construction Projects written by John Kelly and published by John Wiley & Sons. This book was released on 2014-09-02 with total page 581 pages. Available in PDF, EPUB and Kindle. Book excerpt: VALUE MANAGEMENT OF CONSTRUCTION PROJECTS Second Edition Value Management is a philosophy, set of principles and structured management methodology for improving organisational decision-making and value-for-money. It is well-established in the international construction industry and has been endorsed as good practice in a range of UK government sponsored reports. The authors have addressed the practical opportunities and difficulties of Value Management by synthesising background, international developments, and benchmarking with their own extensive consultancy and action research experience in Value Management to provide a comprehensive package of theory and practice. Covering methods and practices, frameworks of value and the future of value management, this thoroughly updated second edition extends the integrated value philosophy, methodology and tool kit to describe the application of Value Management to service delivery, asset management and programmes, in addition to projects, products and processes. In particular, the new edition responds to: A range of recent UK industry and government publications; and most notably BS EN 16271:2012 - Value management: Functional expression of the need and functional performance specification; the imminent update of BS EN 12973:2000 Value Management; BS EN 1325 Value Management – Vocabulary, Terms and Definitions; the changes to "Value for Europe" governing the training and certification of Value Management in European Union countries; the UK Government’s Management of Value (MoV) initiative, and other leading reports, international guidance and relevant standards. Changes in Value Management practice, particularly in programmes and projects. Developments in the theory of value, principally value for money measures, whole life value option appraisal, and benefits realisation. Initiatives in asset management covering the management of physical infrastructure, for example the suite of three standards under the generic title of BS ISO 55000: 2014 Asset Management, and its predecessor BSI PAS55 2008 Asset Management: Specification for the Optimized Management of Physical Assets. It contains a dedicated chapter of exemplar case studies which demonstrate the new areas of theory and practice, and an extensive set of tools and techniques of use in Value Management practice. Public and private construction clients and construction professionals such as cost consultants, quantity surveyors, architects, asset managers, engineers, and project managers will all find Value Management of Construction Projects essential reading. It will also be of interest to researchers and students on construction related courses – particularly those at final year undergraduate and at Masters level.

Author : Charles I. Budd
Publisher : Berrett-Koehler Publishers
ISBN 13 : 1523097027
Total Pages : 326 pages
Book Rating : 4.29/5 ( download)

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Download or read book A Practical Guide to Earned Value Project Management written by Charles I. Budd and published by Berrett-Koehler Publishers. This book was released on 2009-10 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Best Resource on Earned Value Management Just Got Better! This completely revised and updated guide to earned value (EV) project management is the go-to choice for both corporate and government professionals. A Practical Guide to Earned Value Project Management, Second Edition, first offers a general overview of basic project management best practices and then delves into detailed information on EV metrics and criteria, EV reporting mechanisms, and the 32 criteria of earned value management systems (EVMS) promulgated by the American National Standards Institute and the Electronic Industries Alliance and adopted by the Department of Defense. This second edition includes new material on: • EV metrics • Implementing EVMS • Government contracts • Time-based earned schedule metrics • Critical chain methodologies

Author : Roy M. Woodhead
Publisher : Thomas Telford
ISBN 13 : 9780727729897
Total Pages : 118 pages
Book Rating : 4.96/5 ( download)

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Download or read book Value Management written by Roy M. Woodhead and published by Thomas Telford. This book was released on 2001 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value Management (VM), as a decision-making process, enables stakeholders to enhance the value provided by a project. While this often leads to cost savings, more importantly, it seeks to provide the best outcome for a project by considering a variety of assessment criteria. These assessment criteria allow customers and other stakeholders to recognise the project as 'preferable' to other alternatives. This report is one of the few to look at Value Management from the client's procurement prospective. Based on extensive empirical research over a period of one year in the UK, it examines why clients use Value Management, how they use it, and what benefits they achieve by applying it. This publication acts as a third-party facilitator helping both clients and providers improve VM. The text provides a comprehensive summary for those wishing to improve organisational Value Creation for all stakeholders and explains how to improve Value Management in a structured way to enhance competitive advantage.Value Management: improving capabilities provides a toolkit to help individual clients and their suppliers structure conversations from which both parties can agree 'what' and 'how' improvements can be made to their VM processes. By reading this report and then using the self-assessment and self-improvement sections, readers will be in a position to reap the benefits that Value Management can bring to their organisation and to its projects.

Author : Mario Vanhoucke
Publisher : Springer Science & Business Media
ISBN 13 : 144191014X
Total Pages : 184 pages
Book Rating : 4.41/5 ( download)

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Download or read book Measuring Time written by Mario Vanhoucke and published by Springer Science & Business Media. This book was released on 2009-10-09 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Meant to complement rather than compete with the existing books on the subject, this book deals with the project performance and control phases of the project life cycle to present a detailed investigation of the project’s time performance measurement methods and risk analysis techniques in order to evaluate existing and newly developed methods in terms of their abilities to improve the corrective actions decision-making process during project tracking. As readers apply what is learned from the book, EVM practices will become even more effective in project management and cost engineering. Individual chapters look at simulation studies in forecast accuracy; schedule adherence; time sensitivity; activity sensitivity; and using top-down or bottom-up project tracking. Vanhoucke also offers an actual real-life case study, a tutorial on the use of ProTrack software (newly developed based on his research) in EVM, and conclusions on the relative effectiveness for each technique presented.

Author : Project Management Institute Project Management Institute
Publisher : Project Management Institute
ISBN 13 : 1628256397
Total Pages : 260 pages
Book Rating : 4.90/5 ( download)

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Download or read book The Standard for Earned Value Management written by Project Management Institute Project Management Institute and published by Project Management Institute. This book was released on 2020-04-13 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Earned value management (EVM) is a management methodology for integrating scope, schedule, and resources; objectively measuring project performance and progress; and forecasting project outcome. It is considered by many to be one of the most effective performance measurement and feedback tools for managing projects. The Standard for Earned Value Management builds on the concepts for EVM described in the Practice Standard for Earned Value Management and includes enhanced project delivery information, by integrating concepts and practices from the PMBOK® Guide – Sixth Edition and The Agile Practice Guide. A central theme in this standard is the recognition that the definition for value in EVM has expanded. While the term retains its traditional definition in terms of project cost, it embraces current practice by including the concept of earned schedule. This standard also integrates hybrid methodologies that blend together historical EVM concepts with the needs of the agile practitioner, all with an eye towards aiding the project team in enhancing overall project delivery. This standard is a useful tool for experienced project management practitioners who are seeking to expand and update their knowledge of the field as well as less experienced practitioners who want to learn other approaches for managing project performance. It provides insight and detailed explanations of the basic elements and processes of EVM, and demonstrates how to scale EVM to fit varying project sizes and situations. This standard includes graphical examples and detailed explanations that will enable the reader to establish and implement EVM on projects in almost any environment and of almost every size. When used together with good project management principles, EVM methodology will provide a greater return on any project and results that will directly benefit your organization.

Author : Ray R. Venkataraman
Publisher : John Wiley & Sons
ISBN 13 : 1119933560
Total Pages : 405 pages
Book Rating : 4.64/5 ( download)

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Download or read book Cost and Value Management in Projects written by Ray R. Venkataraman and published by John Wiley & Sons. This book was released on 2023-03-03 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost and Value Management in Projects Project manager's guide to achieving cost efficiency and value optimization—thoroughly updated with new cases, examples, and problem sets The newly revised and updated Second Edition of Cost and Value Management in Projects provides project managers with a thorough understanding of the various dimensions of cost and value in projects, along with the factors that impact them and the managerial approaches for achieving cost efficiency and value optimization. Whereas most cost management books discuss the topic from a tactical perspective, such as through the use of simple budgeting or Earned Value Analysis, this Second Edition addresses cost from a strategic perspective, examining project management decision areas that have the potential to enhance value and providing an integrated framework for managing cost. The Second Edition includes updates to key topic areas such as project benefits realization, updated end-of-chapter exercises such as discussion questions and problem sets, updated case studies, and new spreadsheet analytic techniques and examples. Written by two highly qualified authors with significant experience in the field, Cost and Value Management in Projects includes information on: Value management through value planning, engineering, and analysis from the perspective of projects, and best practices on how to avoid common pitfalls in managing cost and value Organization strategy and project selection, organization structure and culture, project definition (and contracts), and estimating project times and cost Developing project plans and schedules, managing risk, scheduling resources and cost, reducing project duration, leadership, performance measurement, and project closure Attainment of value in complex environmental settings and benefits of effective project management Cost and Value Management in Projects is an essential resource on the subject for stakeholders at all corporate and government levels, including executives measuring performance, middle level corporate managers, project and team managers, engineers, project team members, and business consultants, along with students in related programs of study.