Prioritization of critical phase in value management: An evaluation of the Value Assessment Lab (VLAB)

• Main Authors: Mamat, Samiera, Lamsali, Hendrik
• Format: Conference or Workshop Item
• Language: English
• Published: 2015
• Subjects: T Technology (General)
• Online Access: http://repo.uum.edu.my/19269/1/p0372_382.pdf; http://repo.uum.edu.my/19269/; https://issuu.com/fadhilahmatyamin/docs/stmlgogreenabstractbook

Due to the lack of the information and lack of understanding among contractor toward value management especially in term of determining critical phase in value management at the value assessment LAB, this study is carried out to investigate which is the critical phase of value management by using the Analytical Hierarchy Process (AHP) method, in which set of questionnaire based on the pairwise comparison method are distributed to selected respondents. This purpose of this study is to achieve their objective which is to identify and determine the critical phase in value management an evaluation of the value assessment LAB.After obtained result from the respondent that analyses through expected choice, this study is found that the critical phase of main criteria in value management phase is information phase (20.9%) followed by evaluation phase (18.9%), creativity phase (18.9%), development phase (15.2%), function analysis phase (13.9%) and presentation phase (12.7%).This result is relevant and accurate since the inconsistency for overall is 0.05 which is less than 1.For overall result for sub criteria also relevant as the result shows collecting and updating information (12.3%) then followed by idea generation (11.1%) is the most critical phase in an evaluation of value assessment LAB.However, there are two sub criteria that have the same value which is 5.1 % that belong to project function focuses and set basic function.The less critical is proposal confirmation (2.3%).After interpreted results, attention should be given to those critical phases to ensure better value management performance and this study also can contribute beneficial to local construction players and regulators.Since this study have their own limitation of data cannot be generalize, the recommendation is future investigate and research should be done on the implementation of value management among the contractor players in the country.