Application Of Value Management In Feasibility Study About Commercial Housing Project

Housing projects can be used to promote economic growth and solve the employment problem for the country; for ordinary citizens, house is not only a space to live in, but also a significant kind of investment. As a decision-making method and a more scientific and procedural technique the feasibility study can be used to reduce blindness in decision-making and reduce the risk of corporation's decision-making. The application of research of value management in the feasibility study stage can contribute to eliminate things that the current feasibility study report is not enough in depth of research, the quality level is not high, and enhance the reliability of the feasibility study. Project investment decisions could be made to reduce or avoid errors, improve the project's economic benefits.Stand on the point of the real estate developer, after defined function, functional classification and functional finishing, establish a functional system about ordinary commercial housing project; followed by cost analysis of commercial housing, establish the composition of Life Cycle Cost; after functional analysis and cost analysis based on the established system of common commercial housing function evaluation, established cost estimation system and the evaluation system of value management. In specific case about value management research, by experts and potential customers of the investigation, the related data was collated and calculated about at the weights of various levels, hierarchical merging calculate the underlying index relative to the total goal weight, then use the alternative project of the score results, combined with the weight of the underlying index, calculated the statistical value of the functions of project proposals; in order to calculate function coefficient, followed by cost estimation system, the cost of each alternative project to measure, calculate the purpose of total unit cost, in order to calculate the cost factor, and finally calculate the value of coefficient. By comparison, the maximum value of optimized programs aimed at making the real estate business through value-based management development projects to both client and community needs, integrated maximize the benefits. Finally, by comparing excellent market performance of the selected program, confirms the value management tools applied in the effectiveness of the feasibility study stage from the side, but also confirms the value of this study.