Strategies for effective value management practice in construction industry

Value Management (VM) enhances project life cycle value through its application in both design and construction phases. VM is slowly being accepted by several governmental agencies, which is in contrast to the private industry’s procurement of construction services where VM is less received. This di...

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Main Author:	Zulhkiple, A. Bakar
Format:	Thesis
Language:	eng eng
Published:	2017
Subjects:	HD28-70 Management Industrial Management TH Building construction
Online Access:	https://etd.uum.edu.my/7830/1/Depositpermission_s94701.pdf https://etd.uum.edu.my/7830/2/s94701_01.pdf
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id	my-uum-etd.7830
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Abdullah, Che Sobry
topic	HD28-70 Management Industrial Management TH Building construction
spellingShingle	HD28-70 Management Industrial Management TH Building construction Zulhkiple, A. Bakar Strategies for effective value management practice in construction industry
description	Value Management (VM) enhances project life cycle value through its application in both design and construction phases. VM is slowly being accepted by several governmental agencies, which is in contrast to the private industry’s procurement of construction services where VM is less received. This dissertation explores the development of VM methodology through the joint use of a finite element software (Etabs) and genetic algorithm (GA) optimisation design to minimise the cost value of buildings by optimising structural elements. The objectives were to develop a new optimisation algorithm and apply the results to control construction project costs. The investigated VM methods involved conducting building value analysis in the design stage. To demonstrate the validity and efficiency of the proposed optimisation algorithm, various case studies were conducted in Malaysia. The results indicated that the proposed VM algorithm could improve building outcomes and support owners’ control of project investment actively at the design stage, and improve the utilisation of funds more effectively. Additional techniques were also employed, namely a questionnaire survey (quantitative) and a series of interviews (qualitative). The survey included a demographic section regarding the respondent characteristics, and the VM section that asks about the application of VM at the respondent’s workplace. Meanwhile, in depth interviews were conducted using an interview protocol on 25 respondents regarding details of VM applications amongst construction project teams. The quantitative data were subjected to descriptive statistical method analysis using statistical software, while the qualitative data were subjected to pattern matching methods, and cross-case and constant comparative data analysis. The outcomes of this research offer alternative perspectives for clients and construction professionals to have a better and deeper understanding about the constraints and strategies that exist to assist in the successful implementation of VM.
format	Thesis
qualification_name	Ph.D.
qualification_level	Doctorate
author	Zulhkiple, A. Bakar
author_facet	Zulhkiple, A. Bakar
author_sort	Zulhkiple, A. Bakar
title	Strategies for effective value management practice in construction industry
title_short	Strategies for effective value management practice in construction industry
title_full	Strategies for effective value management practice in construction industry
title_fullStr	Strategies for effective value management practice in construction industry
title_full_unstemmed	Strategies for effective value management practice in construction industry
title_sort	strategies for effective value management practice in construction industry
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2017
url	https://etd.uum.edu.my/7830/1/Depositpermission_s94701.pdf https://etd.uum.edu.my/7830/2/s94701_01.pdf
_version_	1747828272999170048
spelling	my-uum-etd.78302021-08-19T01:15:10Z Strategies for effective value management practice in construction industry 2017 Zulhkiple, A. Bakar Abdullah, Che Sobry Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HD28-70 Management. Industrial Management TH Building construction Value Management (VM) enhances project life cycle value through its application in both design and construction phases. VM is slowly being accepted by several governmental agencies, which is in contrast to the private industry’s procurement of construction services where VM is less received. This dissertation explores the development of VM methodology through the joint use of a finite element software (Etabs) and genetic algorithm (GA) optimisation design to minimise the cost value of buildings by optimising structural elements. The objectives were to develop a new optimisation algorithm and apply the results to control construction project costs. The investigated VM methods involved conducting building value analysis in the design stage. To demonstrate the validity and efficiency of the proposed optimisation algorithm, various case studies were conducted in Malaysia. The results indicated that the proposed VM algorithm could improve building outcomes and support owners’ control of project investment actively at the design stage, and improve the utilisation of funds more effectively. Additional techniques were also employed, namely a questionnaire survey (quantitative) and a series of interviews (qualitative). The survey included a demographic section regarding the respondent characteristics, and the VM section that asks about the application of VM at the respondent’s workplace. Meanwhile, in depth interviews were conducted using an interview protocol on 25 respondents regarding details of VM applications amongst construction project teams. The quantitative data were subjected to descriptive statistical method analysis using statistical software, while the qualitative data were subjected to pattern matching methods, and cross-case and constant comparative data analysis. The outcomes of this research offer alternative perspectives for clients and construction professionals to have a better and deeper understanding about the constraints and strategies that exist to assist in the successful implementation of VM. 2017 Thesis https://etd.uum.edu.my/7830/ https://etd.uum.edu.my/7830/1/Depositpermission_s94701.pdf text eng public https://etd.uum.edu.my/7830/2/s94701_01.pdf text eng public https://sierra.uum.edu.my/record=b1698952~S1 Ph.D. doctoral Universiti Utara Malaysia Al-Yami, A. M., & Price, A. D. (2005). Exploring conceptual linkages between value engineering and sustainable construction. Ali, A., & Kamaruzzaman, S. (2010). Cost performance for building construction projects in Klang valley. 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Strategies for effective value management practice in construction industry

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