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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
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Gharaibeh, LinaEriksson, Kristina M.Lantz, Björn

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