Value Management: Private Sector's Perception

Abstract

Subsequently to the authorisation of Value Management (VM) Circular 3/2009 by the Economic Planning Unit (EPU) in December 2009, more than 50 public projects which exceed RM50 million, had implemented the VM studies in a month period. The aim of the research is to explore the perception towards implementation of VM among the private consultants of the construction industry in Malaysia during these VM implementation processes. This research consists of two main objectives which are to gauge the perception of private sector practitioners towards VM implementation, and to identify the acceptance level of the construction consultants on VM implementation. This research hopefully will provide a new insight towards VM implementation among the private sector in Malaysia.