From justification to evaluation: Building information modeling for asset owners
Building information modeling (BIM) is an emerging technology focused methodology that can be used to improve the performance and productivity of an asset's design, construction, operation and maintenance process. Typically the investment justification process for BIM has been based upon the ut...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Published: |
Elsevier BV
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/10606 |
| _version_ | 1848747579915894784 |
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| author | Love, Peter Simpson, Ian Hill, Andrew Standing, Craig |
| author_facet | Love, Peter Simpson, Ian Hill, Andrew Standing, Craig |
| author_sort | Love, Peter |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Building information modeling (BIM) is an emerging technology focused methodology that can be used to improve the performance and productivity of an asset's design, construction, operation and maintenance process. Typically the investment justification process for BIM has been based upon the utilization of the return on investment (ROI). This measure does not accurately reflect the 'real' costs and benefits that are associated with implementing BIM by an asset owner. With this in mind, a benefits evaluation framework that looks beyond ROI and takes into account the evolving nature of BIM by incorporating intangible benefits and indirect costs is presented and discussed. To acquire the wide range of benefits that BIM can offer asset owners, it is proffered that they should shift their mindsets away from justification using ROI to a process of evaluation that encompasses the appraisal of value and benefits' realization. |
| first_indexed | 2025-11-14T06:51:24Z |
| format | Journal Article |
| id | curtin-20.500.11937-10606 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T06:51:24Z |
| publishDate | 2013 |
| publisher | Elsevier BV |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-106062017-09-13T14:54:25Z From justification to evaluation: Building information modeling for asset owners Love, Peter Simpson, Ian Hill, Andrew Standing, Craig Evaluation Costs Asset Benefits Building information modeling Building information modeling (BIM) is an emerging technology focused methodology that can be used to improve the performance and productivity of an asset's design, construction, operation and maintenance process. Typically the investment justification process for BIM has been based upon the utilization of the return on investment (ROI). This measure does not accurately reflect the 'real' costs and benefits that are associated with implementing BIM by an asset owner. With this in mind, a benefits evaluation framework that looks beyond ROI and takes into account the evolving nature of BIM by incorporating intangible benefits and indirect costs is presented and discussed. To acquire the wide range of benefits that BIM can offer asset owners, it is proffered that they should shift their mindsets away from justification using ROI to a process of evaluation that encompasses the appraisal of value and benefits' realization. 2013 Journal Article http://hdl.handle.net/20.500.11937/10606 10.1016/j.autcon.2013.05.008 Elsevier BV restricted |
| spellingShingle | Evaluation Costs Asset Benefits Building information modeling Love, Peter Simpson, Ian Hill, Andrew Standing, Craig From justification to evaluation: Building information modeling for asset owners |
| title | From justification to evaluation: Building information modeling for asset owners |
| title_full | From justification to evaluation: Building information modeling for asset owners |
| title_fullStr | From justification to evaluation: Building information modeling for asset owners |
| title_full_unstemmed | From justification to evaluation: Building information modeling for asset owners |
| title_short | From justification to evaluation: Building information modeling for asset owners |
| title_sort | from justification to evaluation: building information modeling for asset owners |
| topic | Evaluation Costs Asset Benefits Building information modeling |
| url | http://hdl.handle.net/20.500.11937/10606 |