for Construction Projects in Akwa Ibom
and Rivers States
FEATURED PAPER
By Idongesit Basseyi, Effiong Ekanemii and Lashinde Adeniraniii
iDepartment of Building Technology, Heritage Polytechnic Eket, Akwa Ibom State
iiDepartment of Building, Akwa Ibom State Polytechnic, Ikot Osura Ikot Ekpene
iiiDepartment of Quantity Surveying, University of Uyo, Uyo
Nigeria
ABSTRACT
This study assessed the use of the value management (VM) concept as a project management technique by construction stakeholders in south-south Nigeria. The objectives were to assess the level of awareness of value management concept for construction projects in Akwa Ibom and Rivers States. A cross-sectional survey approach was used for the study. 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 Mann Whitney U-test was used to test the hypotheses. The research findings indicate that even with the level of awareness of VM practices in the study area that stakeholders lack knowledge about various VM methods aside from concurrent VM and design charette. The study recommended that professional bodies and academic institutions should organise sensitisation programmes such as workshops and seminars amongst construction stakeholders as well as in undergraduate curriculum at higher institutions.
Keywords: Value Management; Construction Project; Concept; Awareness.
- INTRODUCTION
Value management (VM) originated as value analysis, a concept developed by Lawrence Miles during the Second World War (Shen and Liu, 2004) and was popular in the US manufacturing industry during the 1940s. According to Perera, Hayles, and Kerlin (2011), Miles’s work based its philosophy on providing the necessary functions at the lowest cost. The original methodology analysed the various components of a product in terms of its functions, considers ways of providing the functions at a lower cost, and confirms the economic and technical viability before changing production procedures (Male, Kelly, Fernie, Gronqvist and Bowles, 1998). The practice of VM is till date widespread but its application has been widened and the methodology adapted and translated to meet the needs of different sectors of industry.
Value management is a structured and analytical process that seeks to achieve value and optimize the life cycle cost of a facility through identifying opportunities to do away with all unnecessary costs; while at the same time making sure that quality, reliability, performance and other critical factors are not compromised (Dell’Isola, 1997).
The application of VM in the construction sector has been widely applauded by various stakeholders. The practices have witnessed increased adoption in the areas of functional improvement, cost reduction, communication enhancement and promotion of creative minds. Based on the successes, VM is therefore used to provide clients or end users with the best possible product (building project) (Perera, Hayes and Kerlin, 2011).
1.1 HYPOTHESIS OF THE STUDY
This hypothesis was postulated to guide the study:
H01: There is no significant difference in the perception of contractors and consultants on the level of awareness of value management practices in the study area.
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How to cite this paper: Basey, I. O., Ekanem, E. F., Lashinde, A. (2021). Value Management Concept Awareness for Construction Projects in Akwa Ibom and Rivers States; PM World Journal, Vol. X, Issue V, May. Available online at https://pmworldlibrary.net/wp-content/uploads/2021/05/pmwj105-May2021-Bassey-Ekanem-Adeniran-value-management-awareness-for-construction.pdf
About the Authors
Idongesit O. Bassey
Akwa Ibom State, Nigeria
Mr Idongesit Okon Bassey is a Lecturer 1 in the Department of Building, Heritage Polytechnic, Ikot Udota, Eket, Akwa Ibom State, Nigeria. He obtained BSc Building from Modibbo Adama University of Technology (formerly known as Federal University of Technology Yola), Nigeria and Master of Science Degree in Construction Management from the University of Uyo, Uyo, Nigeria. Mr Idongesit is a Registered Builder accredited by the Council for the Registration of Builders of Nigeria (CORBON) and Member, Nigeria Institute of Building (NIOB). His research interests are in the areas of construction productivity, stakeholder management, construction technology and value management in construction. Idongesit can be contacted at destinybassey2@gmail.com
Effiong F. Ekanem
Akwa Ibom State, Nigeria
Mr. Effiong Felix Ekanem is a Senior Lecturer in the Department of Building, Akwa Ibom State Polytechnic, Ikot Osura Ikot Ekpene, Akwa Ibom State, Nigeria. He obtained BSc Building from the University of Jos, Jos, Nigeria and Master of Science Degree in Construction Management from the University of Uyo, Uyo, Nigeria. Mr. Effiong is a Registered Builder accredited by the Council for the Registration of Builders of Nigeria (CORBON) and Member, Nigeria Institute of Building (NIOB) with over 25 years industry experience before joining the academia in late 2000. His research interests are in the areas of construction productivity, stakeholder management, construction technology and value management in construction.
Dr Adeniran Lashinde
Uyo, Nigeria
Dr Adeniran Lashinde is a senior lecturer in the Department of Quantity Surveying, University of Uyo, Uyo, Nigeria. He obtained first degree, masters and PhD in Quantity Surveying from the University of Ile-Ife and Federal University of Technology Akure respectively. Dr Lashinde is a versatile academician with vast practical quantity experience in several projects His research interests are in the areas of emerging costing techniques and public private partnership with vast publications. He has made contributions in the areas of cost management and procurement management.
