New Generation Whole-Life Costing: Property and Construction Decision-Making Under Uncertainty

Author:   Ian Ellingham (Cambridge Architectural Research Ltd, UK) ,  William Fawcett
Publisher:   Taylor & Francis Ltd
ISBN:  

9780415346573


Pages:   224
Publication Date:   11 July 2006
Format:   Hardback
Availability:   In Print   Availability explained
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New Generation Whole-Life Costing: Property and Construction Decision-Making Under Uncertainty


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Overview

This book presents a new approach to whole-life costing and risk management for the construction industry. The options-based approach to making decisions has revolutionised the management of uncertainty in the financial world, and this pioneering study applies the same principles to costing in construction projects. This approach offers a significant advance over conventional costing methods as it considers a diversity of possible futures with strategies that respond to events as they unfold, leading to more cost-effective and sustainable investment decisions across all areas of construction.

Full Product Details

Author:   Ian Ellingham (Cambridge Architectural Research Ltd, UK) ,  William Fawcett
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
Dimensions:   Width: 18.90cm , Height: 1.80cm , Length: 24.60cm
Weight:   0.589kg
ISBN:  

9780415346573


ISBN 10:   0415346576
Pages:   224
Publication Date:   11 July 2006
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

1. The Rationale for Project Evaluation 2. Evaluating Long Term Projects 3. Evaluating Risk Projects 4. Data for Whole-Life Costing 5. Lifecycle Options 6. The Option to Develop 7. The Option to Expand 8. The Option to Switch Use 9. The Option to Reconfigure 10. The Option to Refurbish 11. Options on New Technology 12. Very Long Term Projects 13. Long-Term Budgeting under Uncertainty 14. Self-Assessment Matrix for Whole-Life Evaluation. Where to Find Out More

Reviews

<p>'The book certainly brings to attention the merits of WLC and how surprising the current lack of use of WLC techniques in the industry is.' - David Adamson (Director of Smarter Construction, Office of Government Commerce) <p>'A real breath of fresh air and a source of some important new ideas.'<br>'Whole-life costing could be as dull as the worthy ISO standard. This book is visually a delight ... the narrative is full of lively examples and visual snapshots of case studies. Thoroughly recommended for courses ... and clients and agents and designers alike.' - David Fisk (Professor of Engineering for Sustainable Development, Imperial College, London) <p>'The book is full of many good ideas ... I would recommend it to property managers and surveyors involved in value management.' - David Wright (Associate at Currie & Brown) <p>'A very interesting and rich perspective that will assist practitioners in taking a longer-term view. An extremely pleasant and accessible book.' - Niklaus Kohler in, Building Research & Information


<p>'The book certainly brings to attention the merits of WLC and how surprising the current lack of use of WLC techniques in the industry is.' - David Adamson (Director of Smarter Construction, Office of Government Commerce)<p>'A real breath of fresh air and a source of some important new ideas.'<br>'Whole-life costing could be as dull as the worthy ISO standard. This book is visually a delight ... the narrative is full of lively examples and visual snapshots of case studies. Thoroughly recommended for courses ... and clients and agents and designers alike.' - David Fisk (Professor of Engineering for Sustainable Development, Imperial College, London)<p>'The book is full of many good ideas ... I would recommend it to property managers and surveyors involved in value management.' - David Wright (Associate at Currie & Brown)<p>'A very interesting and rich perspective that will assist practitioners in taking a longer-term view. An extremely pleasant and accessible book.' - Niklaus Kohler i


'The book certainly brings to attention the merits of WLC and how surprising the current lack of use of WLC techniques in the industry is.' - David Adamson (Director of Smarter Construction, Office of Government Commerce) 'A real breath of fresh air and a source of some important new ideas.' 'Whole-life costing could be as dull as the worthy ISO standard. This book is visually a delight ... the narrative is full of lively examples and visual snapshots of case studies. Thoroughly recommended for courses ... and clients and agents and designers alike.' - David Fisk (Professor of Engineering for Sustainable Development, Imperial College, London) 'The book is full of many good ideas ... I would recommend it to property managers and surveyors involved in value management.' - David Wright (Associate at Currie & Brown) 'A very interesting and rich perspective that will assist practitioners in taking a longer-term view. ...An extremely pleasant and accessible book.' - Niklaus Kohler in, Building Research & Information


Author Information

Ian Ellingham is an associate of Cambridge Architectural Research Ltd., UK. William Fawcett has held a lectureship at the University of Hong Kong and was one of the founding directors of Cambridge Architectural Research Ltd. He holds the Chadwick Fellowship in Architecture at Pembroke College, Cambridge.

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