Implementation Status of Value Management in Project Management Practice in Nepal
Keywords:
Project Management, Cost Management, Water supply, Implementation of Value ManagementAbstract
Value Management practices is highly recommended practice for project and production operation management in developed country as an effective competitive tool also. The purpose of the research is to explore the existing attitudes and perceptions to the Value Management concept, to seek an understanding of clients and consulting engineers’ opinions and to examine the factors that guide this opinion along the reason for not implementing Value Management in Project management practice of Nepal.
The understandings of the professionals from both clients and consultants involved in the design process and implementation phase of the project about Value Management were confusing. They feel that the conventional practices they are using in the design process of a project are best and no other techniques should be followed in the design process. The attitude of the professionals of consultants was found positive towards the factors of Value Management in construction projects but clients have negative to some factors.
There are different ranks for the factors for not implementing Value Management by the clients and consultant. Lack of guidelines gives main reason for not implementing VM by clients while consultants feel ‘Lack of trained professionals on VM’ as the main reason for not implementation. The ranks have weak positive relationship.
Highly qualified personnel should be prepared conducting several professional training programs, mandatory provision of Value Management in guidelines of public entities and all the construction projects should be appointed experienced Value Manager for best outcome from the project which saves scare resource of least developed country like Nepal. For the introduction of Value Management in construction project.
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