Current State of Value Management Implementations in Malaysian Public Projects

Jaapar, Aini; Maznan, Nur Amani; Zawawi, Mardhiah

doi:10.21834/aje-bs.v3i8.280

Cited by 3 publications

(1 citation statement)

References 5 publications

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“…This section presents an analysis of the findings through a review of the literature. As per agreed by Alshehri [11], Jaapar et al [35], even though it is widely regarded as one of the greatest techniques for customers to obtain value for money on their projects, VM adoption in the Malaysian industry is still in its infancy. Hence, this paper provides a holistic view of VM implementation in the construction industry.…”

Section: Discussionmentioning

confidence: 99%

Enhancing Projects’ Sustainability Through Value Management Approach for The Malaysian Construction Industry: A Literature Review

Yassin

Jaapar²,

Marhani³

2022

IOP Conf. Ser.: Earth Environ. Sci.

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Recently, the Construction Strategic Plan (CSP) 2021-2025 announced by the Construction Industry Development Board of Malaysia (CIDB) highlighted several fundamentals towards achieving sustainable construction. Value management (VM) is one of the best tools that may be used to assist the sustainability success of the Malaysian construction industry. VM is well known to control the time, cost, and quality at once, fulfilling the client’s requirement in the construction industry. However, it is discovered that lack of knowledge, awareness of stakeholders and weak support from the government made it unable to practice VM thoroughly in many construction projects. This article aims to provide the current situation on VM and emphasize its usage in the construction industry in Malaysia. A snowballing method has been used as a research method to gather knowledge on VM from relevant sources such as articles and papers. VM can be implemented by using several techniques and phases to eliminate or reduce the current issues faced by construction projects. This study discovered that the SMART technique is the most compatible technique for a building project as it poses a simple and detailed solution. In addition, it was observed that there is a need for a more specific principle of VM to be adopted for specific construction fields, i.e., residential projects. Systematic training and proper planning are also vital to provide knowledge to the stakeholders to enhance VM incorporation in the Malaysian construction industry. Thus, this paper substantially contributes to a deeper grasp of current literature knowledge and a clearer picture of VM practices that may help our national construction industry in tandem with the foundations outlined by CSP 2021-2025 towards sustainable construction.

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Section: Discussionmentioning

confidence: 99%

Enhancing Projects’ Sustainability Through Value Management Approach for The Malaysian Construction Industry: A Literature Review

Yassin

Jaapar²,

Marhani³

2022

IOP Conf. Ser.: Earth Environ. Sci.

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Integrating Value Management: Determine Project Management Knowledge—Addressing Theory–Practice Gap

Malek,

Mat Isa,

Jaapar

2023

Green Infrastructure

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

et al. 2022

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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.

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Current State of Value Management Implementations in Malaysian Public Projects

Cited by 3 publications

References 5 publications

Enhancing Projects’ Sustainability Through Value Management Approach for The Malaysian Construction Industry: A Literature Review

Enhancing Projects’ Sustainability Through Value Management Approach for The Malaysian Construction Industry: A Literature Review

Integrating Value Management: Determine Project Management Knowledge—Addressing Theory–Practice Gap

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

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