Evaluating the Impact of Value Management and Buildability Assessment on Construction Project Delivery
The economies of the world are constantly changing. Economic recession, increased client’s expectation, increased competition, the need for more efficient and effective delivery of construction projects has forced the construction industry and others to think of ways of maintaining their relevance in terms of their contribution to a nation’s economy.
This research focuses on the impact of buildability assessment and value management on the performance of construction projects. The highly fragmented nature of the construction industry and ways of improving the communication of all stakeholders in a construction project also has a bearing on the research focus.
A survey research was conducted to obtain primary data from respondents on the impact of buildability assessment and value management on the Nigerian construction industry while the use of case studies was employed to show the importance of value management to the UK construction industry.
The findings from the research reveal that the practice of buildability assessment and value management improves the key performance indices of time, cost and quality in the construction industry.
A framework was developed showing the integration of buildability assessment into the value management workshop and implementation of this framework was also explained.
The implementation of buildability assessment and value management would enable the construction industry compete with other industries in terms of quality expectations and also position her to become an integral part of a nation’s economy in terms of its contribution to the gross domestic product (GDP) of any nation.
PMI Talent Triangle Skill: Strategic and Business Management