An investigation into the awareness, practice and effectiveness of value management amongst UK quantity surveyors

Chipanga, Takaedza (2011) An investigation into the awareness, practice and effectiveness of value management amongst UK quantity surveyors. BSc dissertation, University of Portsmouth.

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    Abstract

    This dissertation aims to investigate the nature and extent of value management (VM) practice by professional quantity surveyors (QS) in the UK as well as its effectiveness when used on projects. The survey critically examines practitioners' awareness and understanding of VM and the nature and extent of the use of VM techniques within their firms. The research methodology utilizes an e-mail questionnaire survey to determine VM practice by a sample of UK QS. The statistics are computed manually to analyse the survey response data. The major findings reveal that, while both VM and Value Engineering are acknowledged among quantity surveyors in the UK, VM use in practice does not match the awareness levels. The majority's perception leans VM more towards cost reduction than functional analysis. This perception, and the lack of awareness of the potential benefits of VM, must be remedied if quantity surveyors in UK are to provide clients with services that not only meet the world's best practice standards, but address perennial problems within the UK construction industry and thus increase the performance of construction activities and the final product. Quantity surveyors are influential professionals in the quest to improve value in construction. The practical implications are that more education in contemporary VM theory and practice is recommended, as well as concerted efforts to remove attitudinal barriers, lack of exposure on the need to apply VM and lack of commitment from top management. More integration of VM with other techniques such as quality and environmental management as well as stronger communication among clients, consultants and contractors are recommended. The findings are important given the increasing globalization of construction services, contribute in efforts to purge construction problems and increase resource usage effectively resulting in a best practice approach globally. This will in turn strengthen international ties between designers, QS and other built environment professionals.

    Item Type: Dissertation
    Departments/Research Groups: Faculty of Technology > School of Civil Engineering and Surveying
    Depositing User: Jane Polwin
    Date Deposited: 17 Nov 2011 15:06
    Last Modified: 28 Jan 2015 11:48
    URI: http://eprints.port.ac.uk/id/eprint/5367

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