This chapter concludes the entire value management (VM) practice in the selected countries. Also, it gives additional perspective about the application and functionality of VM practice in other aspects that are different from the ones identified in various sections of this book. It combines both...

Culture is a big influence in the United Arab Emirates (UAE). The presence of culture and related social practices influences the nature and types of demands from the clients of construction projects. Value management (VM) introduced into this construction industry had to break barriers facing...

The relevance of the value management (VM) concept in the construction industry in Sri Lanka cannot be overemphasized. VM ensures that projects are designed and documented to provide satisfactions within an expected project value. VM is a team approach that assesses the relationship between...

The implementation of value management (VM) by the stakeholders in the South African construction industry is very low due to misperception about the integration of sustainability and VM as two separate studies. The South African construction industry implementation of VM is at a stage where one...

This study starts with an introduction to what value management (VM) is, regarding its acquaintance with structures in construction. This gives the background understanding of the practice with its relevant importance, as pointed out in the general overview of the subject in the early part of...

Existing studies relating to value management in developing countries reveals that the Nigerian construction industry is also facing the challenge of not fully adopting value management practice into construction, let alone other sectors of the system. The introduction gives the correlation...

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...

The Ghanaian construction industry implemented the concepts of value management (VM). Despite this implementation, the practice has not been totally utilized to an acceptable level for the industry to enjoy optimum benefits of the services concerned with applying VM The introduction gave an...

The quality of the project to be delivered at completion should matter to the contractor or professional in charge of the project as much as the profit expected after everything. To deliver a project that is of standard, construction professionals have suggested several concepts. One of these...

Virtually every literature reviewed asserted that value management (VM) originated from the United States of America (USA). The practice has been into practice during and after World War II. There have been several implementations of VM practice in the US construction industry, and there have...