The case for value management to be included in every construction project design process / Aini Jaapar
Value management (VM) in construction is the term to describe the total process of enhancing value for the Client from a project through concept to operation. While lower cost can be achieved through the traditional cost saving exercises, neither quality nor value can be guaranteed. Professional...
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| Format: | Thesis |
| Language: | English |
| Published: |
2000
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| Online Access: | http://ir.uitm.edu.my/id/eprint/2636/ http://ir.uitm.edu.my/id/eprint/2636/1/TM_AINI%20JAAPAR%20AP%2000_5%201.pdf |
| Summary: | Value management (VM) in construction is the term to describe the
total process of enhancing value for the Client from a project
through concept to operation. While lower cost can be achieved
through the traditional cost saving exercises, neither quality nor
value can be guaranteed. Professionals in the industry are
increasingly relying on VM to maintain the quality while keeping
total cost down and at the same time attempting to optimise the
value and functionality of the construction projects.
The major influence in the immediate future will be a drive towards
better value for money rather than lowest cost. Thus, the main
target in order to ensure the factor can be achieved would be
through design. This research is limited to discovering the
effectiveness and benefits of value management during the design
process and how value management can be best employed to
benefit the Client of the construction industry. A postal survey was
carried out on the Malaysian architect's exposure to value
MSc in Integrated ConstructioCn OPrPojYecRt MIGanHagTem ©en Ut iTM Vltl
management due to the importance of the design stage and its
impact on the outcome of the construction projects. Case studies
were carried out in order to give a better view on the
implementation of value management study and its contribution
towards the implementation of the construction project.
The research showed that the Malaysian clients are slowly
accepting VM as a method of achieving value and to achieve better
functionality in their projects. Through the application of VM
methodology during the design process stages, it was able to
enhance the benefits obtained by the client and derive better value
and building functionality, without necessarily increasing cost. Yet,
value management still has a long journey to travel in order to be
an accepted and recognised process in the Malaysian construction
industry. |
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