TY  - CONF
TI  - Measuring Project Value: A Review of Current Practices and Relation to Project Success
AU  - Khalife, Salam
AU  - Hamzeh, Farook
AD  - PhD student, Department of Civil and Environmental Engineering, University of Alberta, Edmonton, Alberta, Canada, khalife@ualberta.ca, orcid.org/0000-0003-1907-4547
AD  - Associate Professor, Department of Civil and Environmental Engineering, University of Alberta, Edmonton, Alberta, Canada, hamzeh@ualberta.ca, orcid.org/0000-0002-3986-9534
PY  - 2020
DA  - 2020/07/06
T2  - Proc. 28th Annual Conference of the International Group for Lean Construction (IGLC)
C3  - Proc. 28th Annual Conference of the International Group for Lean Construction (IGLC)
CY  - Berkeley, California, USA
SP  - 37
EP  - 48
DO  - 10.24928/2020/0044
SN  - 2309-0979 (ISSN)
AB  - Achieving a higher project value for all project participants is a major concern in the construction industry and reflects the extent to which projects are successful. The major struggle, however, is in the ability to both identify and measure the tangible and intangible project value requirements. Having different interpretations of what project value constitutes, the literature offers a variety of practices and suggestions for measuring project value. However, since the offered methods are fragmented and do not build on one another, a further investigation is required. Accordingly, this research provides a review of the measures discussed in the literature and suggests new directions for evaluating project value. The research targets the construction industry in addition to other industries that also provide effective strategies to create and measure value in customer-based product developments. The study revealed a lack of a sufficient approach for quantifying value on projects. Consequently, this research aims at providing combined effective ways to help measure project value in an effort to align stakeh
KW  - Benefits realization
KW  - integration
KW  - collaboration
KW  - stakeholders’ value
KW  - project success
L1  - https://www.iglc.net/papers/details/1783/pdf
UR  - https://www.iglc.net/papers/details/1783
DB  - IGLC.net
LA  - English
N1  - Export date: 04 October 2026
ER  -