VALUE MANAGEMENT PRACTICES FOR CONSTRUCTION PROJECTS IN SOUTH-SOUTH, NIGERIA
1 Department of Building, Faculty of Environmental Studies, University of Uyo, Uyo, Nigeria
2 Department of Building, Heritage Polytechnic, Akwa Ibom State, Nigeria
* Corresponding author: dubemikediashi@uniuyo.edu.ng
2 Department of Building, Heritage Polytechnic, Akwa Ibom State, Nigeria
* Corresponding author: dubemikediashi@uniuyo.edu.ng
Abstract
Purpose: The study examined key drivers influencing the practice of value management
practices and determined factors inhibiting the smooth implementation of VM practices for
construction projects with a view towards bolstering construction project delivery in South
south Nigeria.
Design/methodology/approach: Anchored on questionnaire survey approach, two hundred and twenty-seven (227) copies of the questionnaire were administered while one hundred and seventy-seven (177) were properly filled and returned which give a response rate of 78%. Data collected were analysed using percentage and relative importance index while Kruskal Wallis test was used to test the hypotheses.
Findings: Findings indicated that the three top rated drivers were “VM was able to improved products and services”, “works towards arriving at a more effective design”, and “seek to obtain maximum efficiency ratio” in that order while “provision of alternative evaluation and supporting information at project brief/design state” was the least rated driver. Besides, findings also reveal that the three top rated barriers of VM implementation for construction projects in the study area are lack of awareness, absence of formal guidelines, and passive behaviour among VM practitioners while high cost of VM study was the least rated factor. The two hypotheses postulated for the study were accepted.
Research limitations/Implications: Besides, formal and informal trainings in terms of graduate studies and some form of career counselling and development programs (like value management awareness program) could be organised by academic institutions or professional entities such as Nigerian Institute of Building (NIOB), Nigerian Society for Engineers (NSE), the Nigerian Institute of Estate Surveyors and Valuers (NIESV) among others.
Originality/value – The study established key drivers and barriers of VM for effective and efficient delivery of construction projects in Nigeria.
Design/methodology/approach: Anchored on questionnaire survey approach, two hundred and twenty-seven (227) copies of the questionnaire were administered while one hundred and seventy-seven (177) were properly filled and returned which give a response rate of 78%. Data collected were analysed using percentage and relative importance index while Kruskal Wallis test was used to test the hypotheses.
Findings: Findings indicated that the three top rated drivers were “VM was able to improved products and services”, “works towards arriving at a more effective design”, and “seek to obtain maximum efficiency ratio” in that order while “provision of alternative evaluation and supporting information at project brief/design state” was the least rated driver. Besides, findings also reveal that the three top rated barriers of VM implementation for construction projects in the study area are lack of awareness, absence of formal guidelines, and passive behaviour among VM practitioners while high cost of VM study was the least rated factor. The two hypotheses postulated for the study were accepted.
Research limitations/Implications: Besides, formal and informal trainings in terms of graduate studies and some form of career counselling and development programs (like value management awareness program) could be organised by academic institutions or professional entities such as Nigerian Institute of Building (NIOB), Nigerian Society for Engineers (NSE), the Nigerian Institute of Estate Surveyors and Valuers (NIESV) among others.
Originality/value – The study established key drivers and barriers of VM for effective and efficient delivery of construction projects in Nigeria.
Keywords
Value; value management; project delivery; south-south Nigeria; construction projects.
How to Cite
Ikediashi, D. I., & Bassey, I. O. (2021). VALUE MANAGEMENT PRACTICES FOR CONSTRUCTION PROJECTS IN SOUTH-SOUTH, NIGERIA. Journal of Contemporary Research in the Built Environment, 5(1), 18-33. https://doi.org/10.68128/jocrebe.2021.j06itd1h
D. I. Ikediashi, and I. O. Bassey, "VALUE MANAGEMENT PRACTICES FOR CONSTRUCTION PROJECTS IN SOUTH-SOUTH, NIGERIA," Journal of Contemporary Research in the Built Environment, vol. 5, no. 1, pp. 18-33, March 2021. doi: 10.68128/jocrebe.2021.j06itd1h
