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    Impact of Value Management on Building Projects Success: Structural Equation Modeling Approach

    Source: Journal of Construction Engineering and Management:;2021:;Volume ( 147 ):;issue: 004::page 04021011-1
    Author:
    Ahmed Farouk Kineber
    ,
    Idris Othman
    ,
    Ayodeji Emmanuel Oke
    ,
    Nicholas Chileshe
    ,
    Mohanad Kamil Buniya
    DOI: 10.1061/(ASCE)CO.1943-7862.0002026
    Publisher: ASCE
    Abstract: In the last two decades, value management (VM) has become an established construction practice based on fundamental approaches. Implementation of VM activities can contribute to enhancement of the initial objectives in terms of cost, quality, and time. However, the VM activities adopt informal approaches in the Egyptian construction industry. This study aims to develop a VM implementation model by investigating the relationship between VM implementation and the overall project success (OPS) in Egyptian building projects. Fifteen experts were interviewed to assess the VM activities obtained from previous studies. Exploratory factor analysis (EFA) was used to validate the results from the interviews. Structured questionnaires completed by building professionals were further employed to investigate the importance of these VM activities. Partial least squared structural equation modeling (PLS-SEM) was used to determine and confirm the factors structure and examine the relationships between the VM implementation and OPS. The results showed a moderate association, with the implementation of the VM contributing 55.5% to the success of the project. The findings can be used as a benchmark for decision-makers to minimize costs and boost efficiency by implementing VM in the Egyptian construction industry. This study advances the current construction engineering management by improving the understanding of VM methods and activities.
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      Impact of Value Management on Building Projects Success: Structural Equation Modeling Approach

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    http://yetl.yabesh.ir/yetl1/handle/yetl/4271001
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    contributor authorAhmed Farouk Kineber
    contributor authorIdris Othman
    contributor authorAyodeji Emmanuel Oke
    contributor authorNicholas Chileshe
    contributor authorMohanad Kamil Buniya
    date accessioned2022-02-01T00:09:31Z
    date available2022-02-01T00:09:31Z
    date issued4/1/2021
    identifier other%28ASCE%29CO.1943-7862.0002026.pdf
    identifier urihttp://yetl.yabesh.ir/yetl1/handle/yetl/4271001
    description abstractIn the last two decades, value management (VM) has become an established construction practice based on fundamental approaches. Implementation of VM activities can contribute to enhancement of the initial objectives in terms of cost, quality, and time. However, the VM activities adopt informal approaches in the Egyptian construction industry. This study aims to develop a VM implementation model by investigating the relationship between VM implementation and the overall project success (OPS) in Egyptian building projects. Fifteen experts were interviewed to assess the VM activities obtained from previous studies. Exploratory factor analysis (EFA) was used to validate the results from the interviews. Structured questionnaires completed by building professionals were further employed to investigate the importance of these VM activities. Partial least squared structural equation modeling (PLS-SEM) was used to determine and confirm the factors structure and examine the relationships between the VM implementation and OPS. The results showed a moderate association, with the implementation of the VM contributing 55.5% to the success of the project. The findings can be used as a benchmark for decision-makers to minimize costs and boost efficiency by implementing VM in the Egyptian construction industry. This study advances the current construction engineering management by improving the understanding of VM methods and activities.
    publisherASCE
    titleImpact of Value Management on Building Projects Success: Structural Equation Modeling Approach
    typeJournal Paper
    journal volume147
    journal issue4
    journal titleJournal of Construction Engineering and Management
    identifier doi10.1061/(ASCE)CO.1943-7862.0002026
    journal fristpage04021011-1
    journal lastpage04021011-15
    page15
    treeJournal of Construction Engineering and Management:;2021:;Volume ( 147 ):;issue: 004
    contenttypeFulltext
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