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


Oke, A.E., Stephen, S.S. and Aigbavboa, C.O. (2022), "Prelims", Value Management Implementation in Construction, Emerald Publishing Limited, Bingley, pp. i-xiv.



Emerald Publishing Limited

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

Half Title Page

Value Management Implementation in Construction

Title Page

Value Management Implementation in Construction: A Global View


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

United Kingdom – North America – Japan – India – Malaysia – China

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Emerald Publishing Limited

Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2022

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

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ISBN: 978-1-80262-408-3 (Print)

ISBN: 978-1-80262-407-6 (Online)

ISBN: 978-1-80262-409-0 (Epub)


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List of Figures and Tables

Figure 6.1. Terms in Value Management.
Figure 9.1. Different Phases of Value Management.
Figure 10.1. Value Techniques in China.
Figure 11.1. Value Management Process Phases.
Figure 13.1. Importance of Value Management Process in Construction Process.
Figure 14.1. Phases in Value Management.

Table 4.1. Summary of Definitions on Value Management.
Table 13.1. Challenges Facing VM Implementation in Some Countries.
Table 18.1. Benefits of Value Management (VM) and Value Engineering (VE) to Clients and Delivery Teams.
Table 18.2. Resources Needed to Carry out Value Management (VM) and Value Engineering (VE).

About the Authors

Ayodeji E. Oke is a Senior Lecturer in the Department of Quantity Surveying, Federal University of Technology Akure, Nigeria. He is a First Class (Honors) graduate, and he obtained his PhD from the Federal University of Technology Akure, Nigeria. His research interest is in Sustainable Infrastructure Management (SIM), emphasizing sustainable construction, value management, quantity surveying and construction in the digital era. He has published more than 250 scholarly papers relating to these areas in journals, book chapters and conference proceedings. He is one of the authors of the books titled Sustainable Value Management for Construction Project and Sustainable Construction in the Era of Fourth Industrial Revolution.

Seyi S. Stephen is a Quantity Surveying graduate from the Federal University of Technology, Akure, Nigeria. He graduated with a Second Class (Hons.) Upper Division and was awarded a Bachelor of Technology in Quantity Surveying. He also has a flair for literature, and he is one of the authors of Best New African Poets 2019 Anthology. He is a social psychology and behavioural sciences enthusiast, and his areas of speciality are academic consultancy, psychological education and teaching. He is one of the authors of a research textbook titled Sustainable Construction in the Era of Fourth Industrial Revolution.

Clinton O. Aigbavboa is a Professor in the Department of Construction Management and Quantity Surveying, University of Johannesburg, South Africa. Before delving into academics, he was a Quantity Surveyor on several infrastructural projects in Nigeria and South Africa. He completed his PhD in Engineering, Management and has published several research papers in housing, construction and engineering management and research methodology for construction students. He has extensive knowledge in practice, research, training and teaching. He is one of the authors of a research textbook titled Sustainable Construction in the Era of Fourth Industrial Revolution.


The construction industry plays a vital role in the economic development of a country. The roles performed by this industry can be diversified and classified into several functions to bring enhancements to activities in improving human's lives. The client's satisfaction is the priority as methods and techniques, both old and new, inculcated into construction works are to provide quality service to the owner of the construction project in terms of satisfaction and achieving the best value. For construction, it is very cogent to have structures well within a stipulated program of work, clinically delivered and the utility maximized to an acceptable standard.

There have been implementations of several tools and techniques to meet the standard required in project delivery over the years, and policies engaged in enhancing the quality and quantity of projects. These enhanced policies include the frequent involvement of information and communication technology (ICT) in buildings, implementation of knowledge management approach (KM), building information modelling (BIM), robotics in construction and other modern methods of construction. Since the inception of value management (VM) in the United States, the practice has grown tremendously and spread to other countries. Value management envelops a broad scope of putting together teams that could infer best practices from an adequate analysis of elements to achieve the best value for the all-round management of an identified project that is in line with the policy and terms of the standard expected by the organization. The implementation of this practice into construction in every facet will enhance productivity. It is unfortunate that this practice has not been fully implemented in most countries, especially developed countries, even when they are aware of the benefits involved in its adoption. Some of the problems associated with the low level of implementation are discussed in this book, along with exclusive benefits, methodologies, concepts, phases, workshop practices, amongst others.

The book is categorized into four parts for ease of navigation. The first part of the book details the general introduction of the subject coupled with the value system in construction and the book's objective regarding its problem-solving approach in the countries selected. The second part of the book explained value management practice in selected developed countries such as Australia, Canada, England, France, Hong Kong, Northern Cyprus, Scotland and the United States. The third part discussed the discipline of value management in developing countries such as China, Ghana, Malaysia, Nigeria, Saudi Arabia, South Africa, Sri Lanka and the United Arab Emirates. The fourth part is the general summary of other aspects of value management fused into expanding knowledge and understanding of the subject. Each chapter begins with an introduction to the research topic and concludes with the salient points in the literature reviewed and the observations made. At the same time, the references provide an avenue for further reading into the research work.

The target audience for this book include: scholars in the built industry, sections of the government ministries that are saddled with infrastructural development and building maintenance regulations, corporate agencies (private and public) that consider policies in infrastructures from the inception to the post-completion of the project, interested individuals working towards achieving best value for their projects (big or small), policy makers who are saddled with the responsibilities of achieving the best value for construction projects in organizations with regulatory bodies working in the line of achieving standard new building protocols within a set locality and interested construction professionals in charge of estimations and cost-related fields of the construction industry. This book also offers enhanced learning to professionals, scholars, researchers, stakeholders and education-related institutions in architecture, building technology, cost estimating, estate management, project management, land surveying, urban and regional surveying and other disciplines in the built industry

The book can be adopted as a research guide and framework to assist and provide better and more relatable topics to value in construction. We hope the readers of this book will be intrigued by the insights detailed in each country's construction industry in terms of value management and thus increase the perception about the practice for better implementation across sections in construction.

Ayodeji E. Oke

Seyi S. Stephen

Clinton O. Aigbavboa