INTEGRATING VALUE, RISK AND ENVIRONMENTAL MANAGEMENT AT THE STRATEGIC DEFINITION STAGE

Over the years, researchers and practitioners have argued that the integration of value Management (VM) and Risk Management (RM) in construction projects would help avoid duplication of work and deliver better value for money thereby leading to better project outcomes. Others have integrated the VM and Environmental Management (EM) to achieve the same goals. In the UK, research has shown that the lack of awareness of the environmental issues and the timing of implementing the various Project Management Systems (PMS) during the course of a construction project are the main constraints to better integration of these systems. This paper will argue that the integration of VM, RM and EM would provide better efficiencies and suggest how it could be achieved. Using desk study, the paper investigates the issues and problems surrounding the integration of PMS. It also identifies the aspects of VM, RM, and EM that could be integrated in projects using published literature. The findings at this stage form an initial frame of reference as a basis upon which a model will be developed for the complete integration of VM, RM and EM in construction projects at the early stage