Taking risks to play it safe
Project-based firms have to capture value from the projects in which they engage. This can be a challenging process, as firms need to reconcile project goals and organizational goals while attempting to avoid value slippage. Drawing on case-based interviews with architects and clients, this researc...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Delft University of Technology
2018-12-01
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| Series: | A+BE: Architecture and the Built Environment |
| Online Access: | https://aplusbe.eu/index.php/p/article/view/90 |
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| _version_ | 1849221825852080128 |
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| author | Marina Bos -de Vos Leentje Volker Hans Wamelink |
| author_facet | Marina Bos -de Vos Leentje Volker Hans Wamelink |
| author_sort | Marina Bos -de Vos |
| collection | DOAJ |
| description |
Project-based firms have to capture value from the projects in which they engage. This can be a challenging process, as firms need to reconcile project goals and organizational goals while attempting to avoid value slippage. Drawing on case-based interviews with architects and clients, this research reveals how architectural firms used the strategies of postponing financial revenues in a project, compensating for loss of financial revenues across projects and rejecting a project to capture value. The study contributes to the literature on project business by showing that firms will sometimes risk or accept slippage of financial value yet counteract the potential slippage of professional value in projects to enhance the overall benefits for the firm. These insights help to advance the research on value capture by project-based firms and can be used by managers to identify and overcome value capture difficulties at project and firm levels.
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| format | Article |
| id | doaj-art-a0c0646dea154ccb90162fcaa3116095 |
| institution | Kabale University |
| issn | 2212-3202 2214-7233 |
| language | English |
| publishDate | 2018-12-01 |
| publisher | Delft University of Technology |
| record_format | Article |
| series | A+BE: Architecture and the Built Environment |
| spelling | doaj-art-a0c0646dea154ccb90162fcaa31160952025-08-26T11:32:04ZengDelft University of TechnologyA+BE: Architecture and the Built Environment2212-32022214-72332018-12-0113Taking risks to play it safeMarina Bos -de Vos0Leentje Volker1Hans Wamelink2TU Delft, Architecture and the Built EnvironmentTU Delft, Architecture and the Built EnvironmentTU Delft, Architecture and the Built Environment Project-based firms have to capture value from the projects in which they engage. This can be a challenging process, as firms need to reconcile project goals and organizational goals while attempting to avoid value slippage. Drawing on case-based interviews with architects and clients, this research reveals how architectural firms used the strategies of postponing financial revenues in a project, compensating for loss of financial revenues across projects and rejecting a project to capture value. The study contributes to the literature on project business by showing that firms will sometimes risk or accept slippage of financial value yet counteract the potential slippage of professional value in projects to enhance the overall benefits for the firm. These insights help to advance the research on value capture by project-based firms and can be used by managers to identify and overcome value capture difficulties at project and firm levels. https://aplusbe.eu/index.php/p/article/view/90 |
| spellingShingle | Marina Bos -de Vos Leentje Volker Hans Wamelink Taking risks to play it safe A+BE: Architecture and the Built Environment |
| title | Taking risks to play it safe |
| title_full | Taking risks to play it safe |
| title_fullStr | Taking risks to play it safe |
| title_full_unstemmed | Taking risks to play it safe |
| title_short | Taking risks to play it safe |
| title_sort | taking risks to play it safe |
| url | https://aplusbe.eu/index.php/p/article/view/90 |
| work_keys_str_mv | AT marinabosdevos takingriskstoplayitsafe AT leentjevolker takingriskstoplayitsafe AT hanswamelink takingriskstoplayitsafe |