A value and risk management approach to project development Available to Purchase

‘Value methodology’ has been practised for over 50 years but has only recently started to be used on architectural, building and civil engineering projects. As discussed in this paper, the benefits of the process include early and continued stakeholder consultation, team alignment and culture change, a managed risk approach, consideration of whole-life impacts and integrated service delivery. In particular, its transparency greatly aids decision-making and consensus development. With the formal inclusion of risk considerations, value methodology has proved to be a very powerful aid to project development.