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 256 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.

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.

Download or read book Value Management Implementation in Construction written by Ayodeji Emmanuel Oke and published by Emerald Group Publishing. This book was released on 2022-02-24 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Value Management Implementation in Construction addresses various factors that can enhance the application of the discipline as well as its adoption among concerned stakeholders and discusses the practice of value management in various developed and developing countries.

Download or read book Value Management in Project Implementation written by Abdullahi Gira Ali and published by IPR Journals and Book Publishers. This book was released on 2022-12-30 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: TOPICS IN THE BOOK Factors Affecting Effective Implementation of Wind Power Projects in Kenya Factors Influencing Competitiveness of SMEs in Nairobi County, Kenya Influence of Entrepreneurial Marketing Strategies on the Growth of Small and Medium Water Bottling Enterprises in Kenya Factors Affecting Completion of Women Empowerment Projects by Community Based Organizations in Kenya: A Case Study of Miujiza Umoja Women Group Ongata Rongai Determinants of Entrepreneurial Investmentsin Private Sector Health Services Provision in Wote, Makueni County

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.

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 201 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.

Download or read book Value Management of Construction Projects written by John Kelly and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an integrated value philosophy, methodology and tool kit for improving project delivery for clients, based on best practice. It combines the theory and practice of value management and is written in such a way that the theory, methodology, workshop styles, tools and techniques can be read independently if the reader wishes.

Download or read book Integrated Project Management and Earned Value written by Humphreys & Associates and published by . This book was released on 2021-04-04 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about integrated project management. It is not about all aspects of project management but it includes some of the most important aspects. All projects contain three elements; scope of work, a scheduled time frame in which the work must be accomplished, and a budget to perform the work. Integrating these three elements using Earned Value Management provides the basis for effective project management. This book discusses how the planning, control, and management of projects can be improved through the use of Earned Value.

Download or read book Project Management Planning and Control written by Albert Lester and published by Butterworth-Heinemann. This book was released on 2007 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: This fifth edition provides a comprehensive resource for project managers. It describes the latest project management systems that use critical path methods.

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.

Download or read book EARNED VALUE MANAGEMENT Integrated View of Cost and Schedule Performance written by Piyush Solanki and published by Global India Publications. This book was released on 2009 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is organized with a brief overview of EVM, highlighting the key management questions EVM can help answer and exploring where EVM fits into the projet management universe. It also emphasizes EVM Performance Analysis and contains the basic elements of Earned Value Management. This book also outlines basic EVM practices in their project management context and shows how EVM practices facilitate project planning and control for better management of project cost and schedule performance.

Download or read book Value Management Practice written by Michel Thiry and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Project managers will enjoy learning more about "value" and "customer" in this breakthrough book. Putting value and customer needs at the center of a project management effort is a key point in the book, and Thiry's well-written Value Management Practice clearly explains how to make it happen. Thiry begins with a short history of value management. During World War II, shortages of critical resources, such as steel and aluminum, forced manufacturers to use available, seemingly inferior, materials and alternate designs. Creativity became key! When the inexpensive products performed better than the originals, value engineering was born. Its goal was to produce top-quality products at reduced cost. By century's end, the field had broadened to become value management, with customer satisfaction as the primary determinant of product quality. This valuable book outlines the scope of practice from which you can learn the principles, concepts, tools, and techniques to create value-added project management. Value integration in project management will enhance your communications and team spirit, increase your knowledge of the project to facilitate decision-making, lead to optimum overall performance with fewer resources, and generally improve your projects and your organization.

Download or read book Using Earned Value written by Alan Webb and published by Routledge. This book was released on 2017-05-15 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of 'earned value' as a project management tool has been around since the 1960s; although recognized as an important technique and widely used on US Government contracts, it failed to excite much interest in the wider world because of its specifically American requirements and the cumbersome, prescriptive bureaucracy that seemed to accompany it. Recently however, with the advent of suitable software and used in a much more flexible way, there has been a growth in interest among project managers. Crucially it has been recognised that this technique can be helpful in a wide variety of projects of almost any size, not just government projects costing billions of pounds. In essence, earned value allows the project manager a more precise view of actual project performance in terms of both value generated and schedule progress than is possible with any other approach. Alan Webb's concise guide provides practising project managers with everything they need to: ¢ assess the appropriateness and benefits of the earned value process for both their project(s) and their organization; ¢ appreciate, understand and learn the techniques involved; ¢ identify how to apply the data to manage projects with flexibility, pragmatism and rigour; ¢ understand the different features and benefits of the various software packages available; ¢ plan for the introduction of an earned value methodology, anticipating both the systems and people problems they may face. The book uses worked examples, cases and anecdotes from the author's own extensive experience to bring this technical subject to life. Alan's writing style is direct and economical, which means that whether you are dipping into chapters for reference or reading about the process from cover to cover, everything he has to say is pertinent and helpful.

Download or read book The Value Management Benchmark written by Steven Male and published by Thomas Telford. This book was released on 1998 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Companion document to: Value management: the value management benchmark; research results of an international benchmarking study, which contains details pf the development of the fremework, highlights important issues and draws conclusions.

Download or read book Value Management in Construction and Real Estate written by Geoffrey Q. P. Shen and published by Routledge. This book was released on 2015-10-05 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This cutting edge study explores alternative methods and tools to obtain value for money while maintaining quality in construction projects, especially large and complex ones. Extensive references throughout will help the reader develop a deeper understanding of the methodology, and self-study questions help to keep you on track. Ideal as a reference for practitioners and the perfect intro for students of construction or real estate.

Download or read book Maximizing Project Value written by John Goodpasture and published by Berrett-Koehler Publishers. This book was released on 2013-02 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increase Project Value = Attain the Goal Maximizing project value is about optimizing the tradeoff between project value and business value, two values that are constantly in tension between the project manager and the project sponsor. In this book the author brings his wealth of experience in project management to demonstrate how to increase a project's value and ultimately contribute to the attainment of business goals From exploring the nature of “value,” as tangible resources and moral or ethical attributes, to how best to approach decision-making, the book offers thorough coverage of this essential aspect of project management. The tools and methods the author describes include: • Building the business case • Using a project balance sheet • Employing earned value • Introducing game theory for optimizing strategies This valuable reference should be on the desk of every project sponsor, business stakeholder, project manager, portfolio manager, project practitioner, and functional manager.

Download or read book Earned Value Management in easy steps written by John Carroll and published by In Easy Steps. This book was released on 2017-09-28 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring Project Progress What we are concerned with in project management has been defined as the Iron Triangle of: Time, Cost and Scope. Traditional project management methodology tends to focus on time and cost, as scope is fixed, isn’t it? But the way progress is typically reported is through the Gantt (or bar) chart, and in particular a tracking Gantt chart illustrates where a project currently is against the schedule. Also typically, the accounts department will produce reports on cost against budget, but this just shows what we have spent up to the last accounting period against the total budget. But this doesn’t really tell us exactly where we are in terms of progress today and where we will be at the end of the project. And that is precisely why Earned Value Management was developed. Earned Value Management Earned Value Management (EVM) helps us to determine the real status of a project. As well as telling us how much time and money we have spent, it also shows us how much we have achieved. Further, it tells us how much we still need to do and provides a good indication of final costs and expected completion dates of the project. EVM builds on, and therefore supports good project management practice and underpins good corporate governance. Its introduction can drive the cultural and organizational change key to supporting these objectives. In summary: It provides an objective measurement of what has been achieved on a project It enables accurate forecasting It provides project management information in a format that is easy for all stakeholders to understand and act upon It provides an early warning of problems, which allows the timely identification and analysis of progress and cost issues and corrective actions to be identified It shows stakeholders whether they’re getting value for money It enables detailed project comparisons across programs and portfolios It can be scaled to fit projects of all sizes and complexities It has the ability to combine measurements of scope, time and cost (the Iron Triangle) in a single integrated system In summary EVM provides a set of metrics that will enable you to accurately report on project progress to date and to completion. In addition, research has shown that the areas of planning and control are significantly improved by the use of EVM; and similarly, using the methodology improves both scope definition as well as the analysis of overall project performance. Finally it has shown that the use of EVM is a positive predictor of project success. Earned Value Management in easy steps covers: Introduction to EVM Key Elements of EVM EVM Project Life Cycle EVM Planning Using EVM EVM Reporting EVM Criteria EVM Lite Glossary of EVM Terms