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Value Management Study to the Malaysian Construction Industry

Value Management Study to the Malaysian Construction Industry

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Published by Naj Nasir

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Published by: Naj Nasir on Oct 19, 2011
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04/28/2013

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VALUE MANAGEMENT STUDY TO THE MALAYSIANCONSTRUCTION INDUSTRY
Aini Jaapar
 
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Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA Malaysia, Shah Alam,40450 Selangor, Malaysia
The significant contributions of this research are the discovery of current VM practices inMalaysia and the proposed practical VM Guidelines for the Malaysian construction industry.These are as a result of the mixed methodological approach of triangulated data collectionand concatenated exploratory research employed. The development process of the proposedVM Guidelines included results from the data which emerged as a result of the mixedmethodology design method of the quantitative results and the qualitative findings.Documents, literature reviews, surveys, interviews and observations were uniquely juxtaposed in a holistic blend to obtain the data desired in order to map out the landscape of VM field in the Malaysian construction industry.Keywords: concatenated exploratory research, Malaysian construction industry, mixedmethodology design, value management.
INTRODUCTION
VM in the Malaysian construction industry is the main thrust and focus of this study.VM, is defined by this study as ‘a multi-disciplinary, team orientated, structured,analytical process and systematic analysis of function which seeks best value via thedesign and construction process to meet the client’s perceived needs’.This article fundamentally signpost the component parts of the research on VMapplication in the Malaysian construction industry by using concatenated exploratoryresearch using mixed methodology design. The significant contributions of thisresearch were the discovery of current VM practices in Malaysia and the proposed practical VM Guidelines for the Malaysian construction industry. This is as a resultof the mixed methodological approach of triangulated data collection andconcatenated exploratory research employed.Internationally, VM has been recognised as an emerging paradigm that focuses oncontinuously increasing the value provided to the client and is widely accepted as animportant tool in recent management of construction projects (Ellis, Wood et al.2005). The construction industry is an important field for VM at the internationallevel (Kelly, Male et al. 2004). VM is also critical to the success of projects as it provides a basis for improving value for money in construction (Ashworth & Hogg2000). It also focuses on value rather than cost and seeks to achieve an optimal balance between time, cost and quality (Kelly, Male et al. 2004) as it provides amethod of integration in the building process that no other management structure inconstruction can provide (Kelly & Male 1991). Hence, the functional requirementsand seeks overall optimisation were explored accordingly (Shen 1995). This was
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ainijaapar@salam.uitm.edu.my
 
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later endorsed by Liu (2003) who emphasises the importance of VM practice to theconstruction industry, as it has proven to provide significant benefits to clients if it isused correctly.As Malaysia progresses towards a developed nation status, the contribution of theconstruction industry in Malaysia towards the development process is of paramountimportance. It is in this context that VM can be considered valuable as itsapplication can lead to significant saving leading to better value and better functionalcompleted construction projects. Although VM was first introduced to theMalaysian construction industry in 1986 (Jaapar & Torrance 2005) it has not yet become widely practiced in the Malaysian construction industry. However, anumber of successful applications of VM in the Malaysian construction industry(Hussein 1998; Che Mat 1999; Karim 1999; Jaapar 2000; Sulaiman 2000; Che Mat2002; Abdul Ghani 2002, Shamsuddin 2002; Tamim 2002; Sareh 2003; Yahya 2003;Jaapar & Torrance 2005, Che Mat 2006), calls for greater intervention and for  positive steps to be taken to fully exploit VM in the industry.
Research Aims
The main purpose of this research was to discover and develop the application of VM for the future benefits of the Malaysian construction industry clients. Hence, the background of VM applications in Malaysian construction industry was investigatedresulted in the development of prototype VM guidelines for practical application inthe construction industry in Malaysia.
The Research Questions
The research is aimed at the key issue of how do we learn from projects that haveimplemented the concept of VM? The other important issues related to this researchwere identified such as what are the current developments of VM applications in theMalaysian construction industry? Whether its applications adhere to the accepted practices; how it is implemented and how to develop a sustainable and practicalframework of VM suitable for implementation in the Malaysian constructionindustry?
The Objectives
The aim of this research is to determine the characteristics of VM applications in theMalaysian construction industry. Specifically, the objectives of the study is toinvestigate the current developments and implementation of VM applications; todetermine whether VM in the Malaysian construction industry is implementedaccording to value methodology and to develop a sustainable and practicalframework of VM in line with the needs of the Malaysian construction industry.
 
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The Research Design
Research design is the entire process of connecting the empirical data to theconclusions of the research; starting from the conceptualised of the problem until thedata collection, analysis and the reporting process (Yin 1994; Creswell 1998). Thefunction of Figure 2 was to ensure that the evidence obtained by the research enabledthe researcher to answer the initial question of ”how and what do we learn from projects that have implemented the concept of VM?”; as unambiguously as possible(de Vaus 2001).

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