Quantifying and visualizing value exchanges in building information modeling (BIM) projects

This study presents a novel method based on stakeholder value network (SVN) to quantify and visualize value exchanges among primary stakeholders when using the building information modeling (BIM). After collecting data from 135 BIM experts from various capital projects in the mainland of China, 95 value flows among 7 BIM-related stakeholders were quantified, including 69% intangible value and 31% tangible value flows. Owners were then selected as focal organizations to analyze 49,775 value cycles starting from and ending with owners. 9 top-ranked value cycles, 3 most important stakeholders (BIM consultants, general contractors, and subcontractors), and 20 top value flows were identified and discussed to enable owners to formulate effective strategies to drive BIM value realization. These results can provide a visualized tool to quantify the perceived value of BIM stakeholders and to formulate value-based strategies to encourage the buy-in decisions by stakeholders.