Value Management in China

Abstract

The quality of the project to be delivered at completion should matter to the contractor or professional in charge of the project as much as the profit expected after everything. To deliver a project that is of standard, construction professionals have suggested several concepts. One of these concepts is value management (VM). China adopted VM into its construction industry some years ago. The history of how it got to be was explained along with the current state of the practice itself. A summary of some of the projects that have been carried out using VM concepts gave insight into the level of VM implementation in China's construction industry. With all this well spelt out, some constraints were identified, which hindered full compliance from all parties involved in construction. Findings were carried out to obtain data about the influence of VM in saving cost, results were obtained and conclusions were inferred from the general study.

Citation

Oke, A.E., Stephen, S.S. and Aigbavboa, C.O. (2022), "Value Management in China", Value Management Implementation in Construction, Emerald Publishing Limited, Leeds, pp. 127-136. https://doi.org/10.1108/978-1-80262-407-620221010