Value Management in Hong Kong

Abstract

The construction industry is one that aims for perfection in terms of delivery at the end of the service rendered. Over the years, the Hong Kong construction industry is still trying to make the implementation of value management (VM) generally accepted by construction professionals. This research begins with the introduction of the subject as well as its history. It then further brings into the discussion who can initiate VM study into construction. The projects carried out using VM practice are also discussed, along with their preparations at every stage of construction. Criteria for conducting VM, key success factors for VM implementation, benefits of implementing VM and the functional roles of the Hong Kong Institute of Value Management concludes the other sections of this research. It is concluded that necessary measures should be made to make VM implementation more rampant in the Hong Kong construction industry.

Citation

Oke, A.E., Stephen, S.S. and Aigbavboa, C.O. (2022), "Value Management in Hong Kong", Value Management Implementation in Construction, Emerald Publishing Limited, Leeds, pp. 67-78. https://doi.org/10.1108/978-1-80262-407-620221005