Abstract:
Value management is a systematic multidisciplinary effort which maximizes the functional development from concept to completion, through the comparison and analytical process of all decisions against a value system determined by the client to achieve successful projects. Value management is an integrated, organized, innovative and structured process, led by an experienced facilitator and broken down into various stages to enhance the value of a construction project, not necessarily only by cutting costs.
This research studies the implementation of value management as a decision making tool in design in construction projects, It aims to achieve the best value for a project by defining those functions required to achieve the value objectives and delivering those functions efficiently at the least cost.
This study aims to present to the reader value management and its concepts and benefits and when to apply it to achieve high performance projects in the lowest possible cost. The study was based on descriptive analytical method, through the literature review and the questionnaire which was distributed and its feedback has been analyzed. The research reflected the lack of knowledge about VM in the construction industry practitioners in Sudan
The researcher concluded that implementing VM at project inception and design stages maximizes the opportunity to improve value of a project is at its greatest, the researcher found out that value management improves the project design and it is a very effective decision-making tool. Implementing Value management will improve the profession and also will help to reduce the effect of inflation and economic crises. Implementing value management in construction industry will set a model and attract the other industries to try it.
