Value from an IPD perspective

Authored by: Steve Rowlinson , Derek H. T. Walker

Routledge Handbook of Integrated Project Delivery

Print publication date:  August  2019
Online publication date:  July  2019

Print ISBN: 9781138736689
eBook ISBN: 9781315185774
Adobe ISBN:


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In this chapter we explore value in terms of asset delivery. Projects deliver strategy to realise a particular benefit (Söderlund and Tell, 2011; Zwikael, 2018). In doing so, we look at the process of value management and value engineering (Thiry, 2001) as well as the evolving field of study referred to as benefit management (Bradley, 2010; Zwikael and Smyrk, 2011). We address the issues from the perspective of integrated project delivery (IPD). Traditionally, value has been poorly defined in the construction industry is. Thus, we have to address a number of questions:

What is value and to whom is the value apparent?

What are the concepts of value management and value engineering?

How, why and by whom should value be created?

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