Abstract
Sustainability principles should be implemented during all the phases of the decision-making process of constructing residential buildings to achieve maximum gains without compromising the function of such projects. This study identified and examined the critical success factors (CSFs) required for implementing value management (VM) in residential building projects. With a view to the sustainability of such the projects. The CSFs for VM were identified from previous studies, which were then contextually adjusted using both semi-structured interviews and a pilot study via the Exploratory Factor Analysis (EFA) technique. The EFA results showed that the VM CSFs could be categorized into four constructs: stakeholders and knowledge, culture and environment, workshop dynamics, and standardization. Questionnaires were then administered to 214 building stakeholders within the Egyptian building industry. Partial least square structural equation modelling (PLS-SEM) was used to develop the CSFs model. Despite that Egyptian professionals with limited practice experiences were quite knowledgeable about VM, results showed that stakeholders and knowledge were crucial CSFs for implementing VM. The results of this study will be a guide for decision-makers to reduce costs and improve sustainability by introducing VMs in the Egyptian construction industry.
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