Identifying and assessing critical success factors of value management implementation in Saudi Arabia building construction industry

Abstract

The building construction industry in Saudi Arabia is plagued by poor performance that drastically reduced future sustainable practices. This long-term risk should be rectified using inclusive construction methods, without posing a threat to the environment, society, and economy. Value management (VM) is a valuable tool for resolving difficulties, such as restricted assets, tight schedules, cost, and sustainable alternatives in the building construction industry. VM adoption in the building construction sector had proved to be beneficial in both developed and developing countries. Therefore, this paper aimed to examine and provide insight into critical success factors (CSFs) that enable VM adaptation in Saudi Arabia. A mixed method approach of both quantitative and qualitative was applied using interviews from ten (10) experts with considerable experience in the construction field. Five hundred and fifty (5 5 0) questionnaires were designed for construction professionals. Construction experts suggested ways to enhance VM adoption by defining 25 CSFs that affect VM implementation in the construction industry. The findings further showed that building professionals have significant expertise in VM activities. However, the level of application remained unchanged and hoovers on the average spectrum. This study has contributed to a better understanding of VM implementation in the construction industry. It also facilitates SCFs monitoring, improve the efficiency of VM practice and development of future VM policies.