Value management in practice: An interview survey

Abstract

The results of an interview survey are provided involving 17 professionals working in the property and construction industry, mainly from Australia, concerning their actual experiences and observations of the Value Management (VM) process and outcomes. The main finding is that VM is popular among those with experience in its use, with an average 33% acceptance of the VM workshop - its use having extended even into the area of consultant selection. Much of the interviewees' experiences are related qualitatively in terms of VM contribution to the identification and management of the risks involved in project delivery.