BIM Investment: Understanding value, return and models of assessment
- Publication Type:
- Conference Proceeding
- Proceedings: 38th AUBEA International Conference Webiste, 2014, pp. 1 - 10
- Issue Date:
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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