Review of Previous Research Methods in Evaluating BIM Investments in the AEC Industry

Ardani, Jeri Adin; Utomo, Christiono; Rahmawati, Yuni; Nurcahyo, Cahyono Bintang

doi:10.1007/978-981-16-7924-7_83

Cited by 8 publications

(16 citation statements)

References 45 publications

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“…The 'industry's adoption of BIM is profoundly influenced by its recognition of the 'technology's financial benefits (S anchez et al, 2022). Demonstrating the value of a novel technology or business model to organizational decision-makers is a pivotal strategy for its promotion, making the quantification of 'BIM's value increasingly significant (Ardani et al, 2022;Lee and Lee, 2020).…”

Section: Introductionmentioning

confidence: 99%

“…Having a thorough understanding of the business benefits of BIM can assist organizations in making informed decisions about whether to invest in BIM technology and how to implement it effectively (Ardani et al, 2022;Cucuzza et al, 2022;Gharaibeh et al, 2022). An organization can evaluate the potential return on investment (ROI) and determine whether the benefits outweigh the costs by identifying the specific benefits that BIM can provide, such as cost savings, improved productivity and reduced errors.…”

Section: Introductionmentioning

confidence: 99%

“…The industry may find it challenging to determine the investment value of BIM within their own organization owing to a number of factors (Ardani et al, 2022;Qian, 2012). Currently, there is no standardized way to measure the benefits of BIM, and different organizations may define success differently (Lee and Lee, 2020).…”

Section: Introductionmentioning

confidence: 99%

“…Measurement of BIM effects is based on various assumptions as compared to a situation in which it is not used (Sheikhkhoshkar et al, 2018). This is evident is several previous publications in which an attempt to report numerical values for the BIM investment worth were made (Ardani et al, 2022;Latiffi and Tai, 2017;Qian, 2012). However, these studies did not provide detailed descriptions of the assumptions and calculation processes used to derive these values.…”

Section: Introductionmentioning

confidence: 99%

“…BIM benefits calculations face significant challenges as intangible effects, such as improving communication between participants, are difficult to convert into costs (Ardani et al, 2022). In contrast to intangible effects resulting from BIM adoption, many previous studies focused on tangible effects as preventing rework, or reducing time, which are easily converted into costs (Lee et al, 2018;Yu et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Quantifying BIM investment value: a systematic review

Gharaibeh,

Eriksson,

Lantz

2024

JEDT

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Purpose Perceived benefits of building information modelling (BIM) have been discussed for some time, but cost–benefit benchmarking has been inconsistent. The purpose of this paper is to investigate BIM feasibility and evaluate investment worth to elucidate and develop the current understanding of BIM merit. The aim of the study is to propose a research agenda towards a more holistic perspective of BIM use incorporating quantifying investment return. Design/methodology/approach An in-depth examination of research patterns has been conducted to identify challenges in the assessment of the investment value and return on investment (ROI) for BIM in the construction industry. A total of 75 research articles were considered for the final literature review. An evaluation of the literature is conducted using a combination of bibliometric analysis and systematic reviews. Findings This study, which analysed 75 articles, unveils key findings in quantifying BIM benefits, primarily through ROI calculation. Two major research gaps are identified: the absence of a standardized BIM ROI method and insufficient exploration of intangible benefits. Research focus varies across phases, emphasizing design and construction integration and exploring post-construction phases. The study categorizes quantifiable factors, including productivity, changes and rework reduction, requests for information reduction, schedule efficiency, safety, environmental sustainability and operations and facility management. These findings offer vital insights for researchers and practitioners, enhancing understanding of ’BIM’s financial benefits and signalling areas for further exploration in construction. Originality/value The ’study’s outcomes offer the latest insights for researchers and practitioners to create effective approaches for quantifying ’BIM’s financial benefits. Additionally, the proposed research agenda aims to improve the current limited understanding of BIM feasibility and investment worth evaluation. Results of the study could assist practitioners in overcoming limitations associated with BIM investment and economic evaluations in the construction industry.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Quantifying BIM investment value: a systematic review

Gharaibeh,

Eriksson,

Lantz

2024

JEDT

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Quantifying the influence of BIM adoption: An in-depth methodology and practical case studies in construction

Gharaibeh,

Matarneh,

Lantz

et al. 2024

Results in Engineering

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Measuring the value and cost of BIM use—an empirical lesson learned from Taiwan’s social housing projects

Yu,

Chang,

Wang

2023

Can. J. Civ. Eng.

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This paper presents a novel approach for measuring the cost requirements and related values for building information modeling (BIM) adoption using the adaptive analytic hierarchy process approach. The proposed approach considers the importance of each BIM use item in relation to its cost, allowing for prioritization of BIM uses based on their relative value while considering prerequisite relationships and budgetary constraints. The effectiveness of the approach was demonstrated through empirical validation involving a survey of 50 construction industry professionals, and two BIM use prioritization methods (project objective- oriented and value- oriented) were recommended for decision-making under budget constraints. The lessons learned from the empirical case study include the importance of Government’s role and the industrial standards in evaluating cost-benefit and promoting for BIM adoption, the different contributions of BIM uses across project phases, and the diverse perceptions of BIM cost requirements among different participants. These lessons are invaluable for countries planning BIM implementation. This paper also demonstrates the development and empirical validation of a novel approach for BIM use adoption under limited budgets, which can assist decision-makers in selecting appropriate BIM use items and estimating their associated costs.

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Review of Previous Research Methods in Evaluating BIM Investments in the AEC Industry

Cited by 8 publications

References 45 publications

Quantifying BIM investment value: a systematic review

Quantifying BIM investment value: a systematic review

Quantifying the influence of BIM adoption: An in-depth methodology and practical case studies in construction

Measuring the value and cost of BIM use—an empirical lesson learned from Taiwan’s social housing projects

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