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Value Management in Sri Lanka

Ayodeji E. Oke (University of Johannesburg, South Africa)
Seyi S. Stephen (Federal University of Technology Akure, Nigeria)
Clinton O. Aigbavboa (University of Johannesburg, South Africa)

Value Management Implementation in Construction

ISBN: 978-1-80262-408-3, eISBN: 978-1-80262-407-6

Publication date: 24 February 2022


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.



Oke, A.E., Stephen, S.S. and Aigbavboa, C.O. (2022), "Value Management in Sri Lanka", Value Management Implementation in Construction, Emerald Publishing Limited, Bingley, pp. 185-192.



Emerald Publishing Limited

Copyright © 2022 Ayodeji E. Oke, Seyi S. Stephen and Clinton O. Aigbavboa. Published under exclusive licence by Emerald Publishing Limited