A building that is delivered to specification, budget and timeline might satisfy many of the quality requirements of the project team, but its functional quality can only be judged once the building is operational.
The goal of value engineering is to reduce the cost of design solutions without sacrificing the functionality of the end result. But the value of a building is not limited to the construction phase. Value engineering decisions also need to balance the benefits and costs that are likely to accrue across the whole life of the asset.
Benefits management measures the reality of the operating environment against the project’s business case. It is a complex process which extends beyond the construction phase and into the BAU environment.