Value Management Integration for Whole Life Cycle: Post COVID-19 Strategy for the UK Construction Industry

Bennett, Kieran and Mayouf, Mohammad (2021) Value Management Integration for Whole Life Cycle: Post COVID-19 Strategy for the UK Construction Industry. Sustainability, 13 (16). e9274. ISSN 2071-1050

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Abstract

Value management (VM) and its integration in the whole life cycle (WLC) have become huge concepts for construction projects to provide additional value of an asset for the end user or client. However, the role of VM and its integration as part of the WLC in a construction project remain reactive, and highly impacted by nature of the project, and this has become more challenging with the epidemic impact of COVID-19. This research aims to investigate the mechanisms that delivers value management as part of the “re-invent” strategy proposed by the Construction Leadership Council in the UK government to improve WLC for buildings. In addition to existing secondary data from the literature, primary data were attained using a focus group with six quantity surveyors from different cost consultancies in the UK to gather qualitative evidence using their experiences, perceptions, and key challenges they face when integrating VM. Findings revealed that value management is primarily being used as a cost-cutting tool, the majority of quantity surveyors lack knowledge of what it encompasses, hence the industry needs a more proactive strategy towards it. Analysis revealed that value management is primarily implemented as a cost-cutting solution, key stakeholders (e.g., facility managers) need to be integrated, and there is no standardised process to incorporate value management in projects. The study proposes a four-dimensional (governance and policies, sustainability, industry’s best practice, and innovation and technology) strategy to facilitate more holistic considerations of value management post COVID-19. Future work looks into evaluating the strategy proposed while acknowledging different procurement routes.

Item Type: Article
Additional Information: ** From MDPI via Jisc Publications Router ** History: accepted 13-08-2021; pub-electronic 18-08-2021. ** Licence for this article: https://creativecommons.org/licenses/by/4.0/
Identification Number: https://doi.org/10.3390/su13169274
Date: 18 August 2021
Uncontrolled Keywords: value management, whole life cycle, strategy, COVID-19
Subjects: K200 Building
Divisions: Faculty of Computing, Engineering and the Built Environment > School of Engineering and the Built Environment
SWORD Depositor: JISC PubRouter
Depositing User: JISC PubRouter
Date Deposited: 23 Aug 2021 08:49
Last Modified: 23 Aug 2021 08:49
URI: http://www.open-access.bcu.ac.uk/id/eprint/12105

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