Status of Value Management Implementation in Small and Medium Construction Projects in Malaysia

Buildings

Serdar Durdyev¹  Syuhaida Ismail²  Xiaobin Lin³  Ain Naadia Mazlan³ 

[1] Department of Engineering and Architectural Studies, Ara Institute of Canterbury, Christchurch 8011, New Zealand;Razak Faculty of Technology and Informatics, Universiti Teknologi Malaysia, Kuala Lumpur 54100, Malaysia;School of Civil Engineering, Faculty of Engineering, Universiti Teknologi Malaysia, Johor Bahru 81310, Malaysia;

关键词: project management;    value management;    implementation status;    construction industry;    small and medium projects;    Malaysia;   

DOI  :  10.3390/buildings12050658

来源: DOAJ

【 摘 要 】

Value management (VM) should be implemented in construction projects to achieve the best value-for-money for clients, irrespective of project size. However, its regular implementation in Malaysia appears mostly in large projects driven by legislation. Negligence was therefore aroused towards implementing VM for smaller projects and the specific status remains ambiguous to date. This paper aims to investigate the current status of VM implementation in small and medium construction projects in Malaysia with a view to exploring the challenges and measures in improving the status. A total of 162 construction organizations directly involved in small and medium projects were surveyed using a structured questionnaire. The findings revealed that the execution of VM by organizations for smaller construction projects is relatively low and significantly subject to project size regardless of project type. Practitioners’ levels of frequency and awareness towards implementing VM in small and medium construction projects remain low and unsatisfactory. Also, VM implementation in smaller projects was found significantly correlated with the experience of organizations and practitioners. Challenges and measures in ameliorating the observed status were explored. The findings contribute to a clear understanding of VM in small and medium construction projects in Malaysia and call for more attention from both academia and industry on VM for smaller sizes of projects.

【 授权许可】

Unknown