The Impact of Value Management Implementation in Malaysia

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Abstract

This paper reports on the findings of a study on value management (VM) applications in the Malaysian construction industry. A questionnaire survey of 7 pages was sent to 5581 numbers of registered developers, architects, engineers, quantity surveyors and project managers to seek their experience on VM applications. A return rate of 7.5 per cent or 411 numbers of respondents were received. During the process of investigation on the evolution in Malaysia, it was discovered that the global evolution of VM did influence the Malaysian construction industry as majority of the public universities had ensured that VM methodology knowledge has been integrated into their syllabuses, thus the future construction industry practitioner has had the basic knowledge on VM methodology provided which should have equipped them for producing a better functionally, and better value for money construction projects.

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