Requirement of value management in construction sector at Malaysian Airports Holdings Berhad (MAHB)

Currently, Value Management is one important tool in the construction sector. Value Management is an effective technique to obtain optimum returns on investment which is utilised in accordance with the objectives of the project. Although Value Management is still considered a new method in the const...

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Main Author:	Hamid, Mohd. Naim
Format:	Thesis
Language:	English
Published:	2012
Subjects:	TA Engineering (General) Civil engineering (General)
Online Access:	http://eprints.utm.my/id/eprint/31498/1/MohdNaimHamidMFKA2012.pdf
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id	my-utm-ep.31498
record_format	uketd_dc
spelling	my-utm-ep.314982018-04-17T08:37:26Z Requirement of value management in construction sector at Malaysian Airports Holdings Berhad (MAHB) 2012-08 Hamid, Mohd. Naim TA Engineering (General). Civil engineering (General) Currently, Value Management is one important tool in the construction sector. Value Management is an effective technique to obtain optimum returns on investment which is utilised in accordance with the objectives of the project. Although Value Management is still considered a new method in the construction sector in Malaysia, it has been found to be able to reduce cost by at least 10 to 30 percent. Due to the lack of understanding of Value Management by some parties, they do not apply this method in the construction sector. An effort to apply Value Management studies should be started during the early stages of the design phase, even at the initial design concept and continuing to focus on the main design where decisions must be made in advance. This research focuses on examining the level of interest in the value management in the construction sector at Malaysia Airports Holdings Berhad (MAHB) and to identify critical elements in the Value Management chain of MAHB. At same time view and strategies that need to be given to overcome the problem was also investigated. The design of the study is a quantitative approach in which questionnaires were distributed to the staff in each department in MAHB. A mean score was used to measure the level of interest in the VM in MAHB. For the analysis of the critical elements of the VM, Linear Scale Numeric methods were used. The analysis revealed the level of understanding of Value Management in MAHB is not comprehensive. The most critical phases of Value Management identified on the study at MAHB are pre-study preparation phase, speculation phase, and also the post-VM study. This study expected to benefit the parties who use Value Management tool in the construction sector to reduce operating costs but maintain optimum value. 2012-08 Thesis http://eprints.utm.my/id/eprint/31498/ http://eprints.utm.my/id/eprint/31498/1/MohdNaimHamidMFKA2012.pdf application/pdf en public masters Universiti Teknologi Malaysia, Faculty of Civil Engineering Faculty of Civil Engineering
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	TA Engineering (General) Civil engineering (General)
spellingShingle	TA Engineering (General) Civil engineering (General) Hamid, Mohd. Naim Requirement of value management in construction sector at Malaysian Airports Holdings Berhad (MAHB)
description	Currently, Value Management is one important tool in the construction sector. Value Management is an effective technique to obtain optimum returns on investment which is utilised in accordance with the objectives of the project. Although Value Management is still considered a new method in the construction sector in Malaysia, it has been found to be able to reduce cost by at least 10 to 30 percent. Due to the lack of understanding of Value Management by some parties, they do not apply this method in the construction sector. An effort to apply Value Management studies should be started during the early stages of the design phase, even at the initial design concept and continuing to focus on the main design where decisions must be made in advance. This research focuses on examining the level of interest in the value management in the construction sector at Malaysia Airports Holdings Berhad (MAHB) and to identify critical elements in the Value Management chain of MAHB. At same time view and strategies that need to be given to overcome the problem was also investigated. The design of the study is a quantitative approach in which questionnaires were distributed to the staff in each department in MAHB. A mean score was used to measure the level of interest in the VM in MAHB. For the analysis of the critical elements of the VM, Linear Scale Numeric methods were used. The analysis revealed the level of understanding of Value Management in MAHB is not comprehensive. The most critical phases of Value Management identified on the study at MAHB are pre-study preparation phase, speculation phase, and also the post-VM study. This study expected to benefit the parties who use Value Management tool in the construction sector to reduce operating costs but maintain optimum value.
format	Thesis
qualification_level	Master's degree
author	Hamid, Mohd. Naim
author_facet	Hamid, Mohd. Naim
author_sort	Hamid, Mohd. Naim
title	Requirement of value management in construction sector at Malaysian Airports Holdings Berhad (MAHB)
title_short	Requirement of value management in construction sector at Malaysian Airports Holdings Berhad (MAHB)
title_full	Requirement of value management in construction sector at Malaysian Airports Holdings Berhad (MAHB)
title_fullStr	Requirement of value management in construction sector at Malaysian Airports Holdings Berhad (MAHB)
title_full_unstemmed	Requirement of value management in construction sector at Malaysian Airports Holdings Berhad (MAHB)
title_sort	requirement of value management in construction sector at malaysian airports holdings berhad (mahb)
granting_institution	Universiti Teknologi Malaysia, Faculty of Civil Engineering
granting_department	Faculty of Civil Engineering
publishDate	2012
url	http://eprints.utm.my/id/eprint/31498/1/MohdNaimHamidMFKA2012.pdf
_version_	1747815818411900928

Requirement of value management in construction sector at Malaysian Airports Holdings Berhad (MAHB)

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