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Quantifying BIM investment value:: a systematic review
University West, Department of Engineering Science, Division of Production Systems. (KAMPT)ORCID iD: 0000-0002-5767-3324
University West, Department of Engineering Science, Division of Production Systems. (KAMPT)ORCID iD: 0000-0001-8962-0924
University West, Department of Engineering Science, Division of industrial engineering. (KAMPT)ORCID iD: 0000-0001-6816-582x
2024 (English)In: Journal of Engineering, Design and Technology, ISSN 1726-0531, E-ISSN 1758-8901, p. 1-20Article in journal (Refereed) Epub ahead of print
Abstract [en]

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.

Place, publisher, year, edition, pages
2024. p. 1-20
Keywords [en]
Building information modelling (BIM), Investment value, Value management, Estimating, Construction
National Category
Manufacturing, Surface and Joining Technology
Research subject
Production Technology
Identifiers
URN: urn:nbn:se:hv:diva-21380DOI: 10.1108/jedt-06-2023-0259OAI: oai:DiVA.org:hv-21380DiVA, id: diva2:1843867
Note

CC BY 4.0

Available from: 2024-03-12 Created: 2024-03-12 Last updated: 2025-01-24
In thesis
1.
The record could not be found. The reason may be that the record is no longer available or you may have typed in a wrong id in the address field.
2. BIM Impact Analysis in the Construction Supply Chain: Industry-Informed Insights and Quantification Methodology
Open this publication in new window or tab >>BIM Impact Analysis in the Construction Supply Chain: Industry-Informed Insights and Quantification Methodology
2025 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

The research presented, employs a mixed-methods approach, addresses the pressing need for a unified method to quantify the impact of Building Information Modelling (BIM) in the construction industry projects. The research navigates various stages, starting with a literature review that uncovers a lack of consensus on BIM’s investment value and benefits monetization. Employing a research design consisting of several sub-studies, including a literature review, interviews, questionnaire survey, and multi-case study. The research also introduces a quantification framework for BIM, bridging theoretical insights and practical application. Through empirical testing on two real-world construction cases, the framework supports its efficacy in assessing BIM benefits and the cost impact of implementing BIM. Furthermore, comparisons with in-house estimates highlight the framework’s comprehensiveness.

The findings contribute methodologically and empirically to the ongoing discourse on BIM impact, offering a valuable tool for industry practitioners to assess feasibility and maximize benefits in a targeted manner. The research reveals a positive correlation between BIM maturity and perceived benefits, emphasizing the need for higher-level BIM implementation. The research underscores the long-term opportunities with BIM as an investment and its potential for transformative benefits across the construction project lifecycle.

Abstract [sv]

Forskningen som presenteras i denna avhandling har använt flera metoder i flera delstudier och adresserar behovet av en enhetlig metod för att kvantifiera fördelarna med byggnadsinformationsmodellering (BIM) inom byggindustrin. Det har under forskningens gång genomförts noggranna undersökningar i flera steg och iterationer. Inledningsvis genomfördes en litteraturstudie där resultatet visade på en avsaknad av konsensus kring investeringsvärdet av BIM och monetariseringen av dess fördelar. Forskningen är utformad i delstudier, inklusive en litteraturöversikt, intervjuer, enkätundersökningar och multipla fallstudier. 

Forskningen introducerar också ett ramverk för kvantifiering av BIM som bidrar till att skapa en brygga mellan teoretiska insikter och praktisk tillämpning. Genom empirisk applicering på två verkliga byggprojekt demonstreras ramverketseffektivitet gällande att utvärdera fördelarna med BIM samt kostnadspåverkan av BIM-implementering. Vidare visas jämförelser med företagsinterna uppskattningar på ramverkets omfattning och tillämpningsbarhet. Resultaten bidrar både metodologiskt och empiriskt till den pågående diskursen om BIM och erbjuder ett värdefullt verktyg för branschpraktiker att bedöma genomförbarhet och optimera fördelar på ett målinriktat sätt. Forskningen identifierar även en positiv korrelation mellan BIM-mognad och upplevda fördelar, vilket understryker behovet av BIM-implementering på en högre nivå. Forskningen framhäver långsiktiga möjligheter med investering av BIM och dess potential att generera transformativa fördelar genom hela byggprojektets livscykel.

Place, publisher, year, edition, pages
Trollhättan: University West, 2025. p. 117
Series
PhD Thesis: University West ; 67
Keywords
Construction supply chain; Building information modelling; Costbenefit analysis; Framework; Investment value, Byggandets försörjningskedja; Byggnadsinformationsmodellering; Kostnads-nyttoanalys; Ramverk; Investeringsvärde.
National Category
Other Civil Engineering
Research subject
Production Technology
Identifiers
urn:nbn:se:hv:diva-22936 (URN)9789189325968 (ISBN)9789189325975 (ISBN)
Public defence
2025-03-07, F314, Gustava Melins gata, Trollhättan, 10:00 (English)
Opponent
Supervisors
Note

All papers are published by CC BY.

Available from: 2025-02-12 Created: 2025-01-24 Last updated: 2025-01-24

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Gharaibeh, LinaEriksson, Kristina M.Lantz, Björn

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