Examination of the best, analogous, competing terms to describe value in construction projects

Value is a crucial construct in project delivery. Yet, it is also a complex construct, with varied meanings. This study uses triangulated, empirical methods to examine competing terms used to imply value in the literature (focusing on construction projects). Deeper meaning is also provided on the su...

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Bibliographic Details
Published in:International journal of project management 2010-04, Vol.28 (3), p.195-200
Main Author: Barima, O.K.B.
Format: Article
Language:English
Subjects:
Best value term
Competing value terms
Construction
Fulfilled goals
Fulfilled standards
Ideological inclination
Potential requirements and yardsticks
Project delivery
Project management
Studies
Terminology
Value delivery
Value structure
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Summary:Value is a crucial construct in project delivery. Yet, it is also a complex construct, with varied meanings. This study uses triangulated, empirical methods to examine competing terms used to imply value in the literature (focusing on construction projects). Deeper meaning is also provided on the subject from both the manifest and latent perspectives. At the manifest level, fulfilled goals and standards are the dominant, best terms perceived to mean value delivery in construction projects. The latent structure of the competing terms, however, exhibits these two dimensions of value: potential requirements and their yardsticks; conviction/ideological inclination.
ISSN:0263-7863
1873-4634
DOI:10.1016/j.ijproman.2009.05.009