A study to determine whether and how value management is applied in the construction industry of Kenya
Abstract
The main purpose of this study was to establish whether and how value management is applied
in the Kenyan construction industry.
Value management/engineering is a creative organized approach aiming at optimizing cost and!
or performance of a facility system. It achieves savings or product value by identification and
eliminating or modifying components that add cost to the product without contributing to its
required function.
Different concepts are embodied within the term value and this renders value management
difficult to understand and is often confused with cost saving, build ablity and cost planning.
The objectives of the study were to find whether and how value management is applied, the
phase at which it is applied, the constitution of the value management study and the role of the
r team in the Kenyan construction industry.
The study hypothesized that the value management team determines how value management is
applied in the Kenyan construction industry. The study found that the format of value
management that was applied in construction projects was determined by the management style
of the team Which is constituted the design team and the client.
The study concluded that value management was generally applied in the Kenyan construction
industry although no specific value management system has been put in place like in other
countries where the technique is widely applied.
The study also concluded that value management study was usually undertaken at the design
stage and was mainly constituted of the design team whose main role was to evaluate the
various design alternatives and come up with the best alternatives to be implemented in the
project.
The study recommends that a suitable value management system to be established which should be tailored to meet the objectives of the Kenyan construction industry so as to reap the gains associated with value management technique.
Citation
M.ASponsorhip
University of NairobiPublisher
University of Nairobi Department of Real Estate and Construction Management