BIM Investment: Understanding value, return and models of assessment

Jupp, JR

BIM Investment: Understanding value, return and models of assessment

Jupp, JR

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Publisher:: AUBEA2013
Publication Type:: Conference Proceeding
Citation:: Proceedings: 38th AUBEA International Conference Webiste, 2014, pp. 1 - 10
Issue Date:: 2014-01

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Field	Value	Language
dc.contributor.author	Jupp, JR https://orcid.org/0000-0002-3774-261X	en_US
dc.contributor.editor	Yiu, TW	en_US
dc.contributor.editor	Gonzalez, V	en_US
dc.date	2013-11-20	en_US
dc.date.issued	2014-01	en_US
dc.identifier.citation	Proceedings: 38th AUBEA International Conference Webiste, 2014, pp. 1 - 10	en_US
dc.identifier.uri	http://hdl.handle.net/10453/28577
dc.description.abstract	As adoption of the BIM methodology (building information modelling) grows, so too do levels of investment in new technologies, processes and organisational change. However due to complexity at the project level, where BIM implementation (and integration) occurs, it can be difficult for firms to evaluate the benefits, costs and risks of investment. This paper reviews existing research surrounding BIM, its value, the return on investment (ROI) and models of assessment. The author draws on information systems (IS) and construction information technology (IT) research so as to explore the requirements of a BIM investment evaluation methodology. Difficulties in applying existing models are identified, revealing the need for a value chain approach that accounts for the project lifecycle. The paper describes the salient outcomes of interest linked to firm level adoption and project based implementation of BIM and discusses the implications relative to measuring their return.	en_US
dc.publisher	AUBEA2013	en_US
dc.relation.ispartof	Proceedings: 38th AUBEA International Conference Webiste	en_US
dc.relation.ispartof	Australian Universities Building Education Association Annual Conference	en_US
dc.title	BIM Investment: Understanding value, return and models of assessment	en_US
dc.type	Conference Proceeding
utslib.location	Auckland, New Zealand	en_US
utslib.location.activity	Auckland	en_US
utslib.for	1202 Building	en_US
dc.location.activity	Auckland	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Professional Practice and Leadership
pubs.organisational-group	/University of Technology Sydney/Strength - CCDP - Contemporary Design Practice
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2013-11-22	en_US
pubs.place-of-publication	Auckland, New Zealand	en_US
pubs.start-date	2013-11-20	en_US

Abstract:

As adoption of the BIM methodology (building information modelling) grows, so too do levels of investment in new technologies, processes and organisational change. However due to complexity at the project level, where BIM implementation (and integration) occurs, it can be difficult for firms to evaluate the benefits, costs and risks of investment. This paper reviews existing research surrounding BIM, its value, the return on investment (ROI) and models of assessment. The author draws on information systems (IS) and construction information technology (IT) research so as to explore the requirements of a BIM investment evaluation methodology. Difficulties in applying existing models are identified, revealing the need for a value chain approach that accounts for the project lifecycle. The paper describes the salient outcomes of interest linked to firm level adoption and project based implementation of BIM and discusses the implications relative to measuring their return.

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http://hdl.handle.net/10453/28577