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Value management : an extension of quantity surveying services in Malaysia

Mohamad, Saifulnizam, Vaughan, Coffey, & Christopher, Preece (2011) Value management : an extension of quantity surveying services in Malaysia. In Christopher, Preece & Syazli, Fathi (Eds.) International Construction Business & Management Symposium 2011 : Winning Strategies for International Project Marketing in Turbulent Times, Universiti Teknologi Malaysia, Universiti Teknologi Malaysia, Kuala Lumpur.

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Abstract

Value Management (VM) initially started in early 1940s in the US manufacturing industry has increasingly becoming popular within the construction industry community internationally. It has been widely accepted as an important tool in the management of projects. The structured, systematic and multi-disciplinary approach in decision making process is a niche for VM in delivering better value for money project to the client investment. It would appear to be gaining some momentum as an essential management tool in the Malaysian construction sector especially in the quantity surveying practice. Quantity surveyors increasing involvement in VM provides an opportunity for the profession to re-model some of its traditional services in a more positive light and develop leading-edge skills and promote the profession.

International practice has associated VM to be part of services offered in the quantity surveying practice; especially in UK has proven to be a natural progression of QS profession.

The introduction of VM as early 1980’s in Malaysia combined with increasing demand for construction project to facilitate nation progress is shedding a positive light for quantity surveying profession to take lead in developing VM as one of their niche area. Therefore, the quantity surveying profession having the opportunity to take lead of this service which reflect their traditional attributes for providing the best value-for-money advise to the client. This paper shall discuss on the development of VM in Malaysia and the challenges VM face services in QS firm to remain ahead of their competitors.

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ID Code: 47073
Item Type: Conference Paper
Keywords: value management, quantity surveying, services, marketing
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Building Construction Management and Project Planning (120201)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > BUILDING (120200) > Quantity Surveying (120203)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2011 [please consult the author]
Deposited On: 18 Nov 2011 08:15
Last Modified: 18 Nov 2011 08:42

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