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Article: Relationally Integrated Value Networks for Total Asset Management in Project Portfolios

TitleRelationally Integrated Value Networks for Total Asset Management in Project Portfolios
Authors
Keywordscommunications & control systems infrastructure planning knowledge management
Issue Date2020
PublisherThomas Telford Ltd. The Journal's web site is located at http://www.icevirtuallibrary.com/content/serial/iasma
Citation
Infrastructure Asset Management, 2020, Epub 2020-07-24 How to Cite?
AbstractRelationally integrated value networks for total asset management (Rivans-Tam) have been recommended by scholars as a vehicle to integrate the stakeholders of project management (PM) and of asset management (Am), covering the entire life cycle of a built asset. This paper presents a scoping and exploratory pilot study to test a further proposition that expands the basic Rivans-Tam concept to encompass portfolio management, to benefit asset-intensive organisations holding a large portfolio of ongoing construction projects and operational built assets. Accordingly, it establishes a strong theoretical underpinning based on previously validated research exercises on Rivans-Tam and previous applications of social network analysis (SNA) for Rivans-Tam and developed from in-depth high-level semi-structured interviews with six industry professionals with relevant expertise and experience. The outcomes broaden the theoretical base of Rivans-Tam, also highlighting its practical potential to empower total portfolio management (TPM). This TPM perspective expands the hitherto ‘single asset’-focused Rivans-Tam concept and related SNA methods to a wider portfolio of both ongoing construction projects and operational built assets. Moreover, the consolidated findings contribute substantially to practice by providing a basis to overcome the main challenges and unlock the potential synergies from ‘overall best value’-focused relational integration of hitherto disconnected diverse stakeholders.
Persistent Identifierhttp://hdl.handle.net/10722/294910
ISSN
2023 Impact Factor: 1.9
2023 SCImago Journal Rankings: 0.462

 

DC FieldValueLanguage
dc.contributor.authorMADHUSANKA, N-
dc.contributor.authorKumaraswamy, MM-
dc.contributor.authorPan, W-
dc.contributor.authorChan, SYS-
dc.date.accessioned2020-12-21T11:50:17Z-
dc.date.available2020-12-21T11:50:17Z-
dc.date.issued2020-
dc.identifier.citationInfrastructure Asset Management, 2020, Epub 2020-07-24-
dc.identifier.issn2053-0242-
dc.identifier.urihttp://hdl.handle.net/10722/294910-
dc.description.abstractRelationally integrated value networks for total asset management (Rivans-Tam) have been recommended by scholars as a vehicle to integrate the stakeholders of project management (PM) and of asset management (Am), covering the entire life cycle of a built asset. This paper presents a scoping and exploratory pilot study to test a further proposition that expands the basic Rivans-Tam concept to encompass portfolio management, to benefit asset-intensive organisations holding a large portfolio of ongoing construction projects and operational built assets. Accordingly, it establishes a strong theoretical underpinning based on previously validated research exercises on Rivans-Tam and previous applications of social network analysis (SNA) for Rivans-Tam and developed from in-depth high-level semi-structured interviews with six industry professionals with relevant expertise and experience. The outcomes broaden the theoretical base of Rivans-Tam, also highlighting its practical potential to empower total portfolio management (TPM). This TPM perspective expands the hitherto ‘single asset’-focused Rivans-Tam concept and related SNA methods to a wider portfolio of both ongoing construction projects and operational built assets. Moreover, the consolidated findings contribute substantially to practice by providing a basis to overcome the main challenges and unlock the potential synergies from ‘overall best value’-focused relational integration of hitherto disconnected diverse stakeholders.-
dc.languageeng-
dc.publisherThomas Telford Ltd. The Journal's web site is located at http://www.icevirtuallibrary.com/content/serial/iasma-
dc.relation.ispartofInfrastructure Asset Management-
dc.subjectcommunications & control systems infrastructure planning knowledge management-
dc.titleRelationally Integrated Value Networks for Total Asset Management in Project Portfolios-
dc.typeArticle-
dc.identifier.emailKumaraswamy, MM: mohan@hku.hk-
dc.identifier.emailPan, W: wpan@hku.hk-
dc.identifier.emailChan, SYS: samcicid@hku.hk-
dc.identifier.authorityKumaraswamy, MM=rp00126-
dc.identifier.authorityPan, W=rp01621-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1680/jinam.19.00059-
dc.identifier.scopuseid_2-s2.0-85108254757-
dc.identifier.hkuros320641-
dc.identifier.volumeEpub 2020-07-24-
dc.publisher.placeUnited Kingdom-

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