TY - CONF TI - Value-Based Management in the Supply Chain of Construction Projects C1 - Virginia, USA C3 - 11th Annual Conference of the International Group for Lean Construction PY - 2003 AU - Wandahl, Soren AU - Bejder, Erik AD - Ph.D.-student, Department of Production, Aalborg University, Fibigerstræde 16, DK 9220 Aalborg East, Denmark, +45 9635 8989, soren@wandahl.net AD - Associate Professor Ph.D., Department of Production, Aalborg University, Fibigerstræde 16, DK 92220 Aalborg East, Denmark, +45 9635 8950, i9eb@iprod.auc.dk AB - The scope of this paper is to examine the idea of using the management philosophy Value- Based Management (VBM) as a supplementary management tool to control the total building process in a more efficient manner compared with conventional procedures. VBM has been used as a successful management tool inside independent companies for several years, but we want to test this tool in a building organization, i.e. an organization where different companies work together to define and build a unique building. In this paper the approach will mainly be theoretical and aimed at preparing a methodology for practical use in a building organisation. The idea has subsequently been used in a concrete building process, and the results from this project are explained in another paper. The result of the theoretical approach in this paper lead to a well-founded hypothesis stating that the supplementary use of VMB in a project organization with different legal parties can be a more proactive control tool, i.e. the management get an earlier warning if the process go off the rails compared with traditional control mechanisms. KW - Value KW - Value Management KW - Value-Based Management KW - Human behavior KW - Community KW - Congruity. PB - T2 - 11th Annual Conference of the International Group for Lean Construction DA - 2003/01/01 CY - Virginia, USA L1 - http://iglc.net/Papers/Details/276/pdf L2 - http://iglc.net/Papers/Details/276 N1 - Export Date: 25 April 2024 DB - IGLC.net DP - IGLC LA - English ER -