scholarly journals A Cross-Sectional Analysis of the Application Sustainability and Current Practices of Value Management at the Briefing Stage

2020 ◽  
Vol 8 (6) ◽  
pp. 620-625
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Quantitative Research ◽  
Value Management ◽  
Technical Knowledge ◽  
Cross Sectional ◽  
Management Application ◽  
Management Concept ◽  
Sectional Analysis ◽  
Industry Needs

The value management concept is becoming increasingly relevant to the construction industry in Saudi Arabia. The aim of this study to analyse the technical knowledge of value management practitioners concerning the sustainability aspects and its implementation all over the country. A quantitative research design used to analyse the application of value management among stakeholders associated with construction projects. The results shown that 10% of consultants and 8% of the contractors were having a useful application of value management; while, 4% consultants and 6% contractors have full maturity of the value management application. The findings have shown that unqualified individuals (24%), lack of client’s experience (24%) and not part of the project (17%) are the main reasons behind the restriction of value management implementation. Despite the implications of value management is extensive in developed and developing countries, the Saudi construction industry needs to increase the level of application of value management.

scholarly journals Implementing Sustainable Construction Principles and Practices by Key Stakeholders

2016 ◽  
Author(s):  
Nnamdi Maduka ◽  
David Greenwood ◽  
Allan Osborne ◽  
Chika Udeaja
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Quantitative Research ◽  
Sustainable Construction ◽  
Online Questionnaire ◽  
Greenhouse Gas Reduction ◽  
Key Stakeholders ◽  
The Government ◽  
The Uk ◽  
Industry Needs

The term äóÖsustainable constructionäó» is used to highlight the responsibility of the construction industry in attaining sustainable development (SD). With the increasing necessity for resource efficiency and climate change adaptation, there is a need for construction key stakeholders to implement sustainable principles and practices in construction projects. In the UK context, engaging in such action will facilitate the government target of 80% greenhouse gas reduction by 2050 and also be a potential source of competitive advantage in the future. The aim of this study is to examine how the industry values and promotes sustainable principles and practices in construction projects. A quantitative research method was adopted in order to reach a wider audience in the industry. An online questionnaire survey was used to collect data. The key finding from the survey is that the level of construction industry promotion of sustainable principles and practices is less than it should be. The outcome of the survey suggests that the industry needs to strategise on how to champion and promote the implementation of sustainable principles and practices at a greater level if the industry is to contribute to the global quest for SD.

Conceptual framework of value management adoption in the Nigerian construction industry

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lekan Damilola Ojo ◽  
Deji Rufus Ogunsemi ◽  
Olusola Ogunsina
Keyword(s):  
Conceptual Framework ◽  
Construction Industry ◽  
Construction Projects ◽  
Value Management ◽  
Chi Square ◽  
Content Type ◽  
Construction Market ◽  
Innovative Management ◽  
Coefficient Of Concordance ◽  
Global Construction

Purpose The Nigerian construction industry is bedeviled with poor project performance and outcomes which value management (VM) could address if applied. The application of VM on Nigerian construction projects is very minimal due to certain obstacles, namely, lack of VM experts, paucity of knowledge on the techniques, etc., which inhibits the adoption into the construction industry. Therefore, this study aims to develop a conceptual framework of the adoption of VM on construction projects in a typical developing economy. Design/methodology/approach This study engaged 15 selected VM experts in two rounds of Delphi survey to develop a conceptual framework of VM adoption. The method of data analysis includes mean score, standard deviation, Kendall’s coefficient of concordance, chi-square (χ2) test, interrater agreement analysis and significant level analysis. The developed conceptual framework was sent to a team of local and international VM experts for validation. Findings This study reveals that the adoption of VM requires the collective effort of relevant stakeholders in the construction industry. The framework developed presents individual and collective activities to be undertaken by the stakeholders. The activities include training, legislation, government-funded research, etc. Thus, the adoption of innovative management methodology like VM requires the collaboration of academics, construction professional bodies and government parastatals. This will assist in the judicious use of limited construction resources and boost the relevance of the Nigerian construction industry among developing nations and in the global construction market. Originality/value This study used the opinions of few construction professionals that can be regarded as VM experts in Nigeria, as against engaging a pool of construction professionals who may not be knowledgeable in VM process. Engaging the few VM experts in the Nigerian construction industry is important to have a valid basis for drawing conclusion, as large questionnaire survey could be possibly filled by inexperienced or unqualified respondents if stringent criteria are not considered at the outset of this study.

scholarly journals Value Management in Practice: An Interview Survey

2012 ◽  
Vol 4 (2) ◽  
pp. 11-18 ◽  
Author(s):  
Therese Daddow ◽  
Martin Skitmore
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Project Delivery ◽  
Value Management ◽  
Practical Implementation ◽  
Construction Work ◽  
Value For Money ◽  
Extra Time ◽  
Prescriptive Literature ◽  
Interview Survey

Despite its obvious theoretical benefits, there has been some reservations regarding the practical implementation of Value Management (VM) for construction projects. In particular, these concerns the extra time and costs involved in conducting VM in relation to the actual benefits gained as a consequence of its use. This paper provides the result of an interview survey of the experiences and observations of 17 professionals working in the property and construction industry to establish the extent to which this is an issue. The main conclusion is that the process is working well, with VM being popular among those with experience in its use - which has been extended into the area of consultant selection. However, in contrast with the prescriptive literature, much of the participants' experiences appear to be more concerned with VM's contribution to the identification and management of the risks involved in project delivery than the straight value-for-money aspects. This may be due to the higher levels of uncertainty involved in construction work than in VM's original use in construction.

scholarly journals The Status of Value Management Practice on Construction Projects in Uganda and Strategies for Improvement

2021 ◽  
Vol 26 (2) ◽  
pp. 251-267
Author(s):  
Apollo Tutesigensi ◽  
Nathan Kibwami ◽  
Saul B. Matege
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Management Practice ◽  
Univariate Analysis ◽  
Bivariate Analysis ◽  
Value Management ◽  
Ordinal Variables ◽  
Raising Awareness ◽  
The Status ◽  
Industry Professionals

In many developing countries, value management (VM) is not applied widely and systematically in construction projects. This limits the achievement of value for money. The objectives of this study were to describe the state of VM practice in Uganda and suggest strategies for improvement. Based on the extant literature, a conceptual framework depicting VM practice in the lifecycle of construction projects was developed. A questionnaire containing both nominal and ordinal measures was distributed to a sample of Ugandan construction industry professionals. During data analysis, the distributions of nominal variables were expressed in terms of percentages. A univariate analysis of the ordinal variables was undertaken using measures of central tendency (mean) and dispersion (standard deviation). A bivariate analysis of the ordinal variables was undertaken using Friedman, Fisher's exact and Mann-Whitney U tests. The application of VM in Uganda was rudimentary, inconsistent and misguided, based on the reports of the respondents. This finding constitutes the first major contribution of this work to knowledge. It also led to the idea that the practice of VM in Uganda can be improved by raising awareness and the standard for VM application. Ten strategies for these two purposes have been put forward in this article. These strategies constitute the second major contribution to knowledge.

scholarly journals Review of Design and Build Construction: Descriptive Statistics in one of the South East Asia country

2020 ◽  
Vol 1 (Number 1) ◽  
pp. 72-88
Author(s):  
Hock Seng Raymond Yip ◽  
Herman Shah Anuar
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Quantitative Research ◽  
Success Factors ◽  
Rapid Development ◽  
Primary Concern ◽  
Factors Affecting ◽  
Critical Success ◽  
Main Challenge ◽  
Policy Guideline

In the area of the construction sector, the primary concern is economic growth. There are many issues and challenges associated with it. The growth and rapid development of this industry put their players, mainly the construction firms feeling the heat by competing with each other. The main challenge is the completion period for a particular project. This study was done in Manila, Philippines, where Design and Build (D&B) method has gained much interest and considered very important today. The rise of new innovative systems saw the emergence of new factors in the construction industry that will become future adoption. This study focuses on factors affecting the successful completion period of the construction industry, whereby it is very crucial for the country's economic and market development. A quantitative research methodology was applied in this study. A total of 967 survey questionnaires sent out, and only 396 respondents fit to be analysed. Respondents involved were contractors, consultants, and developers. It was learned that critical success factors in project management play significant roles in driving projects to examine the determinants of success completion time of Design & Build construction projects. Findings from this study shall be used by the authority in drafting a policy guideline for future construction development. It is hoped that this study provides a better understanding of construction challenges for future undertaking.

scholarly journals Application of Value Management in Conception of Construction Projects in Rwanda

2019 ◽  
Vol 6 (3) ◽  
pp. 1-6
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Project Performance ◽  
Survey Method ◽  
Value Management ◽  
Maximum Output ◽  
Value For Money ◽  
Mandatory Requirement ◽  
Professional Practitioners ◽  
The Cost

Value Management (VM) and Value Engineering (VE) are techniques concerned with defining, maximizing and achieving “value for money”. It should be noted that VM is not about reducing the cost but about adding value and where necessary the cost can be added to achieve value. Despite its proven significance in securing maximum output from limited resources, this approach is not a common practice in Rwanda’s construction Industry. This study therefore defines VM and describes all the processes and techniques involved in it. The merits and demerits of VM process in construction projects are discussed in details and relevance of its uses is discussed and recommended in consideration of the scope and complexity of the projects as well as the risks involved. While the benefits of a value management review are often perceived in terms of improved quality and reduced cost, this report discusses the exercise as a functional mechanism to measure value, taking into account monetary and non-monetary benefits and thus demonstrating value for money. While the author has not been able to obtain relevant literature on VM practice in Rwanda, It can be deduced from the review of the related literature that most of the evaluation techniques conducted for construction projects in developing world have mostly relied on evaluation of project performance in terms of cost, quality, delivery and progress. Since project evaluation is carried out after the work has been undertaken, the output of the analysis will just give the client an indication or a good understanding of the project performance. Such evaluations only reveal the competence or incompetence of the project participants instead of providing value for money which is addressed by VM practice which is an ex-ante analysis that takes into consideration of all value parameters. The study used a quantitative survey method of research to obtain responses from professional practitioners in construction industry in Rwanda. The sample size of 115 were selected from members of professional practitioners in the construction industry out of which 106 members were responsive. Finally, it is concluded that VM approach is not used in construction industry in Rwanda and recommended that VM practice be adopted in construction industry in Rwanda as a mandatory requirement for conception of all construction projects with a budget of $20M and above

Barriers to the adoption of value management in developing countries

2018 ◽  
Vol 25 (7) ◽  
pp. 818-834 ◽  
Author(s):  
Douglas Omoregie Aghimien ◽  
Ayodeji Emmanuel Oke ◽  
Clinton Ohis Aigbavboa
Keyword(s):  
Developing Countries ◽  
Construction Industry ◽  
Construction Projects ◽  
Survey Design ◽  
Value Management ◽  
Training And Education ◽  
Content Type ◽  
Level Of Knowledge ◽  
Readiness To Adopt ◽  
Design Construction

Purpose The purpose of this paper is to determine the barriers to the adoption of value management (VM) in the construction industry of developing countries with a view to providing possible measures in avoiding these barriers and increasing the usage of the system within the construction industry. Design/methodology/approach The level of knowledge and adoption of VM practices, as well as the barriers to its adoption in the construction industry were assessed through a survey design. Construction professionals were sampled from the six geo-political zones in Nigeria through the use of a structured questionnaire. Factor analysis was conducted on data gathered on the barriers of VM. Findings The study revealed a moderate level of knowledge of VM among construction professionals. This implies that the problem of VM is not that of awareness, but readiness to adopt the system. The study also reveals that the barriers to the adoption of VM can be categorised under the general stakeholder’s barriers, training and education barriers, client barriers and government/top management barriers. Practical implications This study was conducted across the six geo-political zones of the country as against common practice of selecting a particular region or states to represent the entire country. The findings therefore show a true reflection of the barriers to VM adoption in the country and its recommendations can to a large extent promote the adoption of VM in the country and also other developing countries where construction projects are executed through similar method, style and approach. Originality/value This paper highlights the possible barriers to the adoption of VM in Nigeria construction industry and provides ways to avoiding these barriers in order to achieve better quality construction and value for money.

scholarly journals Project bank accounts: the second wave of security of payment?

2017 ◽  
Vol 22 (3) ◽  
pp. 322-338 ◽  
Author(s):  
Rachel Griffiths ◽  
Wayne Lord ◽  
Jeremy Coggins
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Cost Savings ◽  
Full Time ◽  
Cross Sectional ◽  
Content Type ◽  
The Public ◽  
Survey Results ◽  
Bank Accounts ◽  
The Uk

Purpose The purpose of this study is to identify building contractors’ views as to the need for, impact of and barriers to the use of project bank accounts (PBAs) in the UK construction industry. Design/methodology/approach A cross-sectional research study was carried out by the use of questionnaires to collect quantitative data. The population for the research was of construction professionals working as full-time employees for either main (Tier 1) or specialist contractors (Tiers 2-4). Findings Contractors consider PBAs as an effective initiative to encourage fair payment. There is uncertainty, however, as to whether PBAs will result in project cost savings. Head contractor resistance is perceived to be the biggest barrier to the use of PBAs. Adoption of PBAs in private-sector construction projects is likely to be slow. Research limitations/implications The relative infancy of PBA usage in the construction industry means that responses are largely based on awareness as opposed to experience. Nevertheless, survey data represent a snapshot of contractors’ perceptions with respect to PBAs, which may be used as a benchmark against which to compare future studies to monitor how contractors’ views and expectations have changed with time. Originality/value The survey results will be of particular interest to those international jurisdictions who are considering, or who have already embarked on, the path of trialling and/or using PBAs in the public sector.

scholarly journals Impact of Delays on Cost of Construction Project- A Cross Sectional Study of Pakistani Construction Industry

2020 ◽  
Vol 39 (4) ◽  
pp. 815-825
Author(s):  
Raza Ali Khan ◽  
Muhammad Umer
Keyword(s):  
Linear Regression ◽  
Construction Industry ◽  
Construction Projects ◽  
Cross Sectional Study ◽  
Primary Data ◽  
Cross Sectional ◽  
Degree Of Association ◽  
Causes Of Delays ◽  
The Impact ◽  
Cost Of Construction

It is widely believed that construction sector helps developing aggregate economy and reducing unemployment. Currently, Pakistan is experiencing a major transformational phase in the back drop of China-Pakistan Economic Corridor (CPEC). CPEC is valued at US$ 62 Billion. The present study is undertaken to ascertain the impact of time overrun of projects on their cost, the correlation between stakeholders and to predict the effect of delays on cost overruns. Causes of delays are identified by stakeholders of the construction industry of Pakistan. Two models for projects that had delay less and greater than 100 days are developed. Structured questionnaires and personal interviews are carried out to extract primary data for the study. Relative Importance Index (RII) was utilized for ranking of delay causes, and Pearson’s correlation to formulate correlation between causes of delays and cost of construction projects from the perspective of client, contractors and consultants. For predicting the impact of delays on cost of projects Linear Regression technique has been used. The results reveal that the causes of delay related to design, procurement and on-site has significant impact on delays. Pearson’s result indicates strong covenant between client and contractor. Whereas, there is a weak degree of association between consultant and contractor. Results from linear regression concluded that there is a significant effect of delay on cost of the project.

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