| The construction industry is one of the leading | | | | to seek innovative solutions |
| and continuously growing industries in the country | | | | Value management in construction can be applied |
| nowadays. But there may have something missing | | | | through the following: |
| to keep it always on the top-Value Management. | | | | Value Management throughout the project cycle - |
| Generally, Value Management is a method of | | | | normally, a project has a planned series of |
| management particularly dedicated to motivating | | | | workshops incorporated with the project program |
| people, developing skills, and promoting synergies | | | | beginning at project description- strategic level, |
| and improvement with the aim of maximizing the | | | | and continuing through to construction technical |
| overall performance of an organization. | | | | level. During the operations stage, lessons learned |
| However, Value Management in construction | | | | workshops and post occupancy evaluation studies |
| industry plays a very important role in terms of | | | | assist in improving future projects in addition to |
| its quest for continuous improvement and | | | | the utilization of the new facility. |
| innovation. And because Value Management is a | | | | Cost Cutting Versus Value Improvement is for |
| method of management, particularly dedicated to | | | | the past many years, value analysis and value |
| motivating people, developing skills, and promoting | | | | engineering were associated with cost cutting. But |
| synergies and innovation, therefore it aims in | | | | through applying value methods on projects, it |
| maximizing the overall performance of an | | | | became clear that best value ws not about cost |
| organization. In other words, the idea of Value | | | | cutting, but rather improving the understanding of |
| Management in construction industry can be | | | | the clients requirements and business needs. This |
| applied to the strategic planning of the business | | | | is now important to the present concept of Value |
| and improvement in performance on top of | | | | Management in Construction industry. |
| delivering Best Value. | | | | Understanding the clients needs if there is a poor |
| But, how will Value Management in construction | | | | understanding of the client need or if it is not |
| industry are achieved? Well, it is crucial that to be | | | | clearly stated in the clients instructions, usually, the |
| able to provide the best value management in | | | | result is poor value all the way through the |
| construction projects to clients in the construction | | | | project lifecycle with wasted resource in |
| industry is to keep and maintain a tight workforce | | | | management time, production time, design time, |
| with higher management supervision and clear | | | | and the cost of change. Having clear client |
| direction. To be more specific, you have to make | | | | directions will need skilled facilitation in order to |
| sure that project teams have: | | | | change whatever misconceptions there is. |
| An understanding of the essential business needs | | | | External challenge is important in achieving |
| and success criteria of clients, users, and | | | | improvement in the construction industry. To |
| stakeholders | | | | date, all strategic and tactical workshops, |
| A clear performance concise in terms of value | | | | facilitators who are external to the project team |
| objectives. The skills, expertise, and knowledge | | | | are involved. This is to make sure that there is no |
| needed | | | | undue political or commercial pressure taken to |
| No areas of ambiguity with respect to policy | | | | bear on the project team. Additionally, this will also |
| issues and expected outcomes. An effective | | | | ensure that areas of uncertainty are identified and |
| team with good communications. The | | | | dealt with. |
| determination to eliminate unnecessary costs and | | | | |