Value Management in Sri Lanka
Value Management Implementation in Construction
ISBN: 978-1-80262-408-3, eISBN: 978-1-80262-407-6
Publication date: 24 February 2022
Abstract
The relevance of the value management (VM) concept in the construction industry in Sri Lanka cannot be overemphasized. VM ensures that projects are designed and documented to provide satisfactions within an expected project value. VM is a team approach that assesses the relationship between function, cost and worth. Its significance notwithstanding, VM is still not widely used in Sri Lanka in construction projects. Practitioners in the country's construction industry are still not disposed to its use. This research strives to explain the development, relevance and evolution of VM in the construction sector in Sri Lanka. An effort is also made to outline the objectives of VM as well as the method of its application with a conclusion, using practical brief case studies to demonstrate the level of its application in Sri Lanka.
Keywords
Citation
Oke, A.E., Stephen, S.S. and Aigbavboa, C.O. (2022), "Value Management in Sri Lanka", Value Management Implementation in Construction, Emerald Publishing Limited, Leeds, pp. 185-192. https://doi.org/10.1108/978-1-80262-407-620221016
Publisher
:Emerald Publishing Limited
Copyright © 2022 Ayodeji E. Oke, Seyi S. Stephen and Clinton O. Aigbavboa. Published under exclusive licence by Emerald Publishing Limited