Value Management of Construction Projects †MyAssignmenthelp.com

Question: Discuss about the Value Management of Construction Projects. Answer: Introduction: Ethical conduct is more closely related to the legal conduct even though they do not always overlap and leave ambiguity over more appropriate actions at some specific circumstances. However, this uncertainty can be decreased by designing proper organizations which encourage or motivates ethical behaviors. The factors which come into play, while taking ethics in the engineering and construction industries are visibility, reward systems and ethical training programs, which should be introduced in a positive manner (Kelly, Male and Graham 2014). In addition to this, the information and knowledge management mainly focuses on the data available. It deals with the unstructured as well as structured figures and facts. Moreover, technology is highly useful and beneficial in this aspect. It largely focuses on understanding, locating, encouraging and enabling by creating cultures, processes and environments where the knowledge and information are created or shared (Walker 2015). Apart than these factors, the common move for the recent graduates as well as career professionals is doing post graduate research training in building and construction. The building and construction management courses which are offered in institutions help the students in developing their professional contacts as well as building their practical skills. It usually involves field trips and site visits; thus, giving the students the opportunity of putting theories into practice. The regulatory control design in construction management has a major effect on the performances of Model Predictive Control, which must not be ignored. Regulations are considered to be an ever growing feature of modern days. Therefore, for the professionals working in some specific industries like construction, management, finance and others, regulations assist in shaping each and every decision (Kelly, Male and Graham 2014). References Kelly, J., Male, S. and Graham, D., 2014.Value management of construction projects. John Wiley Sons. Walker, A., 2015.Project management in construction. John Wiley Sons.