Improving The Organizational Culture of Key Stakeholders Involved in Value Management Process to Achieve Optimum Value in Malaysian Construction
Abstract
Value Management (VM) is necessary for all construction projects to achieve value for money. There is a need to improve the organizational culture of key stakeholders involved in VM process to achieve optimum value in Malaysian construction projects. This paper is part of a larger study aiming to develop a culture-based organizational model for key stakeholders involved in VM process for achieving optimum value in Malaysian construction projects. This study utilizes a systematic literature review synthesis method to evaluate the trend, identify the gaps and recommend future approach in order to improve the organizational culture of key stakeholders involved in VM process that focuses on achieving optimum value in VM. The results include analyzing current VM status quo in Malaysian construction industry, determining the challenges faced in the VM process of generating innovative ideas, and exploring the project value creation to achieve optimum value. Upon introducing the background problem, the paper deliberates the synthesized literature reviews on VM, key stakeholders, VM process and project performance with VM. A cross-analyses discussion contributes towards formulating the culture-based organizational model for VM practice in Malaysia. The results are expected to improve the integrated project delivery performance of Malaysian construction industry stakeholders by understanding critical VM success factors and weaknesses of VM key stakeholders’ team in generating innovation ideas for optimum project delivery value.
References
Alan Short, C., Barrett, P., Dye, A., & Sutrisna, M. (2007). Impacts of value engineering on five Capital Arts projects. Building Research & Information, 35(3), 287-315.
Alsolami. & M., B. (2022). Identifying and assessing critical success factors of value management implementation in Saudi Arabia building construction industry. Ain Shams Engineering Journal, 13(6): 10180410.1016/j.asej.2022.101804.
Berawi, M. A., Susantono, B., Miraj, P., Berawi, A. R. B., Rahman, H. Z., & Husin, A. (2014). Enhancing value for money of mega infrastructure projects development using value engineering method. Procedia technology, 16, 1037-1046.
Bowen, P., Edwards, P., Cattell, K., & Jay, I. (2010). The awareness and practice of value management by South African consulting engineers: Preliminary research survey findings. International journal of project management, 28(3), 285-295.
Chen, W. T., & Liao, S. L. (2010). A job‐plan based performance evaluation for construction value engineering study. Journal of the Chinese Institute of Engineers, 33(2), 317-333.
Chen, W. T., Chang, P. Y., & Huang, Y. H. (2010). Assessing the overall performance of value engineering workshops for construction projects. International journal of project management, 28(5), 514-527.
Chen, W. T.,Chang, P. & Huang, Y. (2009). Assessing the overall performance of value engineering workshops for construction projects. International Journal of Project Management, 28(5): 514-52710.1016/j.ijproman.2009.08.005.
Corsaro, D. (2018). Capturing the broader picture of value co-creation management. European Management Journal, 37(1): 99-11610.1016/j.emj.2018.07.007.
Fan, S. & Shen, Q. (2010). The effect of using group decision support systems in value management studies: An experimental study in Hong Kong. International Journal of Project Management, 29(1): 13-2510.1016/j.ijproman.2010.01.008.
Fong, P. S. & Shen, Q. (2000). Is the Hong Kong construction industry ready for value management?. International Journal of Project Management, 18(5): 317-32610.1016/S0263-7863(99)00028-9.
Ghareeb, A. M. Z., & Sameh, H. S. H. (2022). The role of stakeholder management in reducing the risks associated with value management in construction projects in Egypt. Innovative Infrastructure Solutions, 7(4), 1-15.
Gillier, T., Hooge, S., & Piat, G. (2015). Framing value management for creative projects: An expansive perspective. International Journal of Project Management, 33(4), 947-960.
Green, S. D., & Sergeeva, N. (2019). Value creation in projects: Towards a narrative perspective. International Journal of Project Management, 37(5), 636-651.Green, S. D. (2002). Beyond value engineering: smart value management for building projects. International Journal of Project Management, 12(1): 49-5610.1016/0263-7863(94)90009-4.
Haddadi, A.,Temeljotov-Salaj, A.,Foss, M. & Klakegg, O. J. (2016). The Concept of Value for Owners and Users of Buildings – A Literature Study of Value in Different Contexts. Procedia - Social and Behavioral Sciences, 226381-38910.1016/j.sbspro.2016.06.202.
Heralova. & Schneiderova, R. (2016). Possibility of Using Value Engineering in Highway Projects. Procedia Engineering, 164362-36710.1016/j.proeng.2016.11.631.
Hill, J. W. & Zeller, T. L. (2008). The new value imperative for privately held companies: The why, what, and how of value management strategy. Business Horizons, 51(6): 541-55310.1016/j.bushor.2008.03.003.
Hwang, B. G., Zhao, X., & Ong, S. Y. (2015). Value management in Singaporean building projects: Implementation status, critical success factors, and risk factors. Journal of management in engineering, 31(6), 04014094.
Ibrahim, R. & Mustafa Kamal, R. (2018). Templates for Thinking. (Unpublished Literary. Copyright MYIPO LY2018002437).
Ibrahim, R. (2008). Setting up a research question for determining the research methodology. ALAM CIPTA International Journal on Sustainable Tropical Design Research & Practice, 3(1), 99-102.
Ibrahim, R. (2011). Demystifying the arduous doctoral journey: The eagle vision of a research proposal. Electronic Journal of Business Research Methods, 9(2), pp130-140.
Ibrahim, R. (2020). Thinking Tools: Navigating a Three-year Phd Journey. Patridge Singapore.
Invernizzi, D. C.,Locatelli, G.,Grönqvist, M. & Brookes, N. J. (2019). Applying value management when it seems that there is no value to be managed: the case of nuclear decommissioning. International Journal of Project Management, 37(5): 668-68310.1016/j.ijproman.2019.01.004.
Jaapar, A.,Maznan, N. A. & Zawawi, M. (2012a). Implementation of Value Management in Public Projects. Procedia - Social and Behavioral Sciences, 6877-8610.1016/j.sbspro.2012.12.208.
Jaapar, A.,Zawawi, M.,Bari, N. .. . A. A. & Ahmad, N. (2012b). Value Management in the Malaysian Construction Industry: Addressing a Theory and Practice Gap. Procedia - Social and Behavioral Sciences, 35757-76310.1016/j.sbspro.2012.02.146.
Kelly, J., Male, S., & Graham, D. (2014). Value management of construction projects. John Wiley & Sons.
Khodeir, L. M. & Ghandour, A. E. (2019). Examining the role of value management in controlling cost overrun [application on residential construction projects in Egypt]. Ain Shams Engineering Journal, 10(3): 471-47910.1016/j.asej.2018.11.008.
Kineber, A. F., Othman, I., Oke, A. E., Chileshe, N., & Alsolami, B. (2020). Critical value management activities in building projects: a case of Egypt. Buildings, 10(12), 239.
Kineber, A. F., Othman, I., Oke, A. E., Chileshe, N., & Buniya, M. K. (2021). Impact of value management on building projects success: structural equation modeling approach. Journal of Construction Engineering and Management, 147(4), 04021011.
Kineber, A. F.,Mohandes, S. R.,ElBehairy, H.,Chileshe, N.,Zayed, T. & Fathy, U. (2022). Towards smart and sustainable urban management: A novel value engineering decision-making model for sewer projects. Journal of Cleaner Production, 37513406910.1016/j.jclepro.2022.134069.
Kineber, A. F.,Othman, I.,Oke, A. E.,Chileshe, N. & Zayed, T. (2021). Exploring the value management critical success factors for sustainable residential building – A structural equation modelling approach. Journal of Cleaner Production, 29312611510.1016/j.jclepro.2021.126115.
Kożuch, B., & Sienkiewicz-Małyjurek, K. (2016). Factors of effective inter-organizational collaboration: a framework for public management. Transylvanian Review of Administrative Sciences, (47 E).
Lalevée, A.,Troussier, N.,Blanco, & Berlioz, M. (2020). The interest of an evolution of value management methodology in complex technical projects for improving project management. Procedia CIRP, 90411-41510.1016/j.procir.2020.01.108.
Latif, S. D., Usman, F., & Pirot, B. M. (2020). Implementation of value engineering in optimizing project cost for sustainable energy infrastructure asset development. Int J Sustain Dev Plan, 15(7), 1045-1057.
Laursen, M. & Svejvig, P. (2015). Taking stock of project value creation: A structured literature review with future directions for research and practice. International Journal of Project Management, 34(4): 736-74710.1016/j.ijproman.2015.06.007.
Lee, M. J., Lim, J. K., & Hunter, G. (2010). Performance-based value engineering application to public highway construction. KSCE Journal of Civil Engineering, 14(3), 261-271.
Lee, S.,Hyun, C. & Hong, T. (2009). RETRIEVE: REmembering Tool for Reusing the Ideas Evolved in Value Engineering. Automation in Construction, 18(8): 1123-113410.1016/j.autcon.2009.07.004.
Lin, X., Mazlan, A. N. & Ismail, S. (2022). Barriers to the implementation of value management in small construction projects. Journal of Building Engineering, 5410463910. 1016/j.jobe.2022.104639.
Lin, X.,Mazlan, A. N.,Ismail, S.,Hu, L.,Kasiman, E. .. . H. B. & Yahya, K. (2022). Status of value management studies in construction projects: A systematic review. Ain Shams Engineering Journal, 14(1): 10182010.1016/j.asej.2022.101820.
Liu, A. M. & Leung, M. (2002). Developing a soft value management model. International Journal of Project Management, 20(5): 341-34910.1016/S0263-7863(01)00023-0.
Luo, X.,Shen, G. Q.,Fan, S. & Xue, X. (2010). A group decision support system for implementing value management methodology in construction briefing. International Journal of Project Management, 29(8): 1003-101710.1016/j.ijproman.2010.11.003.
Mahmoud, M. A.,Ahmad, M. S. & Idrus, A. (2019). Value Management-based Alternatives Ranking Approach for Automated Negotiation. Procedia Computer Science, 161607-61410.1016/j.procs.2019.11.163.
Male, S.,Kelly, J.,Gronqvist, M. & Graham, D. (2006). Managing value as a management style for projects. International Journal of Project Management, 25(2): 107-1410. 1016/j.ijproman.2006.09.001.
Masiran, R., Ibrahim, N., Awang, H., & Lim, P. Y. (2020). Improving multicultural parenting program for children with emotional and behavioral problems: an integrated review. Asian Journal of Psychiatry, 51, 101851.
Maznan, N. A.,Jaapar, A.,Bari, N. .. . A. A. & Zawawi, M. (2012). Value Management: Private Sector's Perception. Procedia - Social and Behavioral Sciences, 50383-39110.1016/j.sbspro.2012.08.043.
Mohamad Ramly, Z., Shen, G. Q., & Yu, A. T. (2015). Critical success factors for value management workshops in Malaysia. Journal of Management in Engineering, 31(2), 05014015.
Mok, K. Y., Shen, G. Q., & Yang, J. (2015). Stakeholder management studies in mega construction projects: A review and future directions. International journal of project management, 33(2), 446-457.
Nawi, M. M., Jalaluddin, S. M. F. W. S., Zulhumadi, F., Ibrahim, J. A., & Baharum, F. (2014). A strategy for improving construction projects sustainability through value management approach. International Journal of Applied Engineering Research, 9(24), 28377-28385.
Oppong, G. D., Chan, A. P., & Dansoh, A. (2017). A review of stakeholder management performance attributes in construction projects. International journal of project management, 35(6), 1037-1051.
Othman, I., Kineber, A. F., Oke, A. E., Zayed, T., & Buniya, M. K. (2021). Barriers of value management implementation for building projects in Egyptian construction industry. Ain Shams Engineering Journal, 12(1), 21-30.
Othman, I.,Kineber, A.,Oke, A.,Zayed, T. & Buniya, M. (2021). Barriers of value management implementation for building projects in Egyptian construction industry. Ain Shams Engineering Journal, 12(1): 21-3010.1016/j.asej.2020.08.004.
Perera, S., Hayles, C. S., & Kerlin, S. (2011). An analysis of value management in practice: the case of Northern Ireland's construction industry. Journal of Financial Management of Property and Construction. 16:94–110.
Robati, M., Oldfield, P., Nezhad, A. A., Carmichael, D. G., & Kuru, A. (2021). Carbon value engineering: A framework for integrating embodied carbon and cost reduction strategies in building design. Building and environment, 192, 107620.
Rousseau, D. M., Manning, J., & Denyer, D. (2008). 11 Evidence in management and organizational science: assembling the field’s full weight of scientific knowledge through syntheses. Academy of Management Annals, 2(1), 475-515.
Shen, Q. & Chung, J. K. (2001). A group decision support system for value management studies in the construction industry. International Journal of Project Management, 20(3): 247-25210.1016/S0263-7863(01)00076-X.
Shen, Q. & Chung, J. K. (2007). IVMS-An interactive system for improving value management studies in construction. Advances in Building Technology, 1721-172810.1016/B978-008044100-9/50212-6.
Shen, Q.,Chung, J. K.,Li, H. & Shen, L. (2003). A Group Support System for improving value management studies in construction. Automation in Construction, 13(2): 209-22410.1016/j.autcon.2003.07.001.
Templier, M., & Paré, G. (2015). A framework for guiding and evaluating literature reviews. Communications of the Association for Information Systems, 37(1), 6.
The Institute of Value Management (n.d.). What is value management? Retrieved from
Thiry, M. (2000). Sensemaking in value management practice. International Journal of Project Management, 19(2): 71-7710.1016/S0263-7863(00)00023-5.
Thiry, M. (2001). Combining value and project management into an effective programme management model. International Journal of Project Management, 20(3): 221-22710.1016/S0263-7863(01)00072-2.
Tohidi. & Hamid. (2011). Review the benefits of using value engineering in information technology project management. Procedia Computer Science, 3917-92410.1016/j.procs.2010.12.150.
Wøien, J., Hosseini, A., Klakegg, O. J., Lædre, O., & Lohne, J. (2016). Partnering elements’ importance for success in the Norwegian construction industry. Energy Procedia, 96, 229-240.
Xiao, Y., & Watson, M. (2019). Guidance on conducting a systematic literature review. Journal of Planning Education and Research, 39(1), 93-112.
Yu, M., Robati, M., Oldfield, P., Wiedmann, T., Crawford, R., Nezhad, A. A., & Carmichael, D. (2020). The impact of value engineering on embodied greenhouse gas emissions in the built environment: A hybrid life cycle assessment. Building and Environment, 168, 106452.
Zhang, X.,Mao, X. & AbouRizk, S. M. (2009). Developing a knowledge management system for improved value engineering practices in the construction industry. Automation in Construction, 18(6): 777-78910.1016/j.autcon.2009.03.004.