Analysis of Construction Projects by Means of Value Curves

Analysis of construction projects by means of value curves

P. Ballesteros Pe´rez a,1, Mª.C. Gonza´lez-Cruz b,*, J.P. Pastor-Ferrando b

a Depuracio´ n de Aguas del Mediterra´ neo S.L. Ca´ novas del Castillo Square 1, 5, Postal Code 46005 Valencia, Spain

b Escuela Te´cnica Superior de Ingenieros Industriales, Polytechnic University of Valencia, Camino de Vera, s/n Postal Code 46022 Valencia, Spain

Received 18 April 2008; received in revised form 2 November 2009; accepted 10 November 2009

Abstract

The present work analyzes the expectations and relationships of the three key stakeholders involved in the construction project management

process: the construction Promoter (the company that finances, owns and represents the interests of the client), the project

designers (the company that elaborates the construction project) and the builder (the company that executes the construction project).

In this article we propose an analysis of the project stakeholders’ expectations using the strategy canvas tool (a graphical model that

uses value curves as a way of measuring the evaluation of the key factors involved in the design of the construction project document).

The analysis aims to provide evidence on the phases, characteristics and documents of the construction project design and management

process better rated by the agents involved in the process. The analysis of the value curves will provide evidence on deficiencies in

the elaboration of the construction project document and will allow us to propose some solutions for certain situations. The work presented

is based on the answers supplied by 111 interviewed people belonging to the three agents mentioned above.

 2009 Elsevier Ltd and IPMA. All rights reserved.

Keywords: Project; Construction; Strategy canvas; Value curve; Stakeholders

1. Introduction

Nowadays the business world is in constant change (Kim

and Mauborgne, 1999). Continual innovation is necessary

because market sectors are also highly...