ABSTRACT
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?
