- Title
- Contribution of value management to construction projects in South Africa
- Creator
- Aigbavboa, Clinton, Oke, Ayodeji, Mojele, Sponono
- Subject
- Construction, Project, Teamwork
- Date
- 2016
- Type
- Conference proceedings
- Identifier
- http://hdl.handle.net/10210/215571
- Identifier
- uj:21433
- Identifier
- Citation: Aigbavboa, C., Oke, A & Mojele, S. 2016. Contribution of value management to construction projects in South Africa.
- Description
- Abstract: For clients, owners and financiers of construction projects, construction process signify a huge capital investment which translate into substantial fixed costs for their organizations. Value Management (VM) is a business strategy tool to ascertain whether construction of a facility will provide best function at the lowest possible cost. This study examines the contribution of value management to construction projects with a view to assessing challenges and measures to improve adoption and application of the discipline. Primary data were collected through well-structured questionnaires administered on construction professionals within the study area and Mean Item Score was used for data analysis. The major contributions of VM to the South African construction industry include optimize value for money, creates a clearer focus on the project objectives and works towards arriving at a more effective design. However, poor communication, lack of interaction and unwillingness of clients to pay for VM service, were the challenges affecting the adoption of VM. In order to improve construction project performance using the process of value management, orientation meetings should be duly organised, team structure should be finalised and team members must be appropriately selected for construction projects. Built environment professionals - including construction and project managers, should familiarize themselves with VM and strive for its full adoption and implementation for construction projects in order to achieve best value at the lowest complete life cycle project cost for construction clients.
- Language
- English
- Rights
- ©2016, authors
- Full Text
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