The understanding and practice of value management by South African construction and project managers: Exploratory findings

Bowen, P, Edwards, P, Cattell, K and Jay, I 2010, 'The understanding and practice of value management by South African construction and project managers: Exploratory findings', Journal of Contemporary Management, vol. 7, pp. 346-361.


Document type: Journal Article
Collection: Journal Articles

Title The understanding and practice of value management by South African construction and project managers: Exploratory findings
Author(s) Bowen, P
Edwards, P
Cattell, K
Jay, I
Year 2010
Journal name Journal of Contemporary Management
Volume number 7
Start page 346
End page 361
Total pages 16
Publisher Sabinet
Abstract The nature and extent of value management (VM) practice by professional construction managers and construction project managers in South Africa is investigated using a web-based, online questionnaire survey. The survey explores managers' awareness and understanding of VM, and the nature and extent of the use of VM techniques within their organisations. Descriptive statistics are used to analyse the survey response data. The results suggest that awareness of VM is not widespread among construction managers and construction project managers, and that its actual practice is minimal. This is due largely to the encroachment on the traditional aims of VM by other project management techniques that also seek to facilitate the attainment of value for construction clients. Where VM is used on projects, it is invariably cost-minimisation driven in terms of both the project and the VM process itself. It is recommended that the professional association responsible for the regulation of the activities of construction and project managers should organise suitable training opportunities in value management.
Subject Building Construction Management and Project Planning
Keyword(s) Value management
construction and project managers
Soth Africa
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ISSN 18157440
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