Chapter 12 Value Management in Malaysia

One of the impetuses that empower a country to keep running and developing is the construction industry. Value management practice has spread across different countries. This study aims to look into the overview of the practices of value management in the Malaysian construction industry. The research introduces what value management means from a variant view of expert opinion. It reviews different expert works to comprehend the state of value management as practiced in Malaysia and gives a conclusive statement to the outcomes of the review works. The review shows that value management has grown over the years; such growth has seen the government having a guideline and regulation in carrying out public construction projects using value management.