Creative and innovative solution through value management in Malaysian construction industry: Case study in Kuala Lumpur International Airport (KLIA)

• Main Authors: Osman, Wan Nadzri, Anuar, Herman Shah, Zulhumadi, Faisal
• Format: Conference or Workshop Item
• Language: English
• Published: 2012
• Subjects: HD28 Management. Industrial Management
• Online Access: http://repo.uum.edu.my/5789/1/Wan.pdf; http://repo.uum.edu.my/5789/; http://www.ictom2012.uum.edu.my/

This paper is an initiatives to develop better understanding of the Value Management practices in the Malaysian construction industry. Finding the important of Value Management practices could assist Malaysian construction practitioners to improve their value management practices. Unlike the manufacturing industry, the application of Value Management practices in the construction industry are still at the infancy level.The construction business model is very different compared to manufacturing business model.Construction firms do not design the value chain where product and process development takes place. In the construction industry, the product life cycle is divided into three major parts which include design stage, construction stage and maintainance stage and each stage involves different parties which hinders information flow along the value chain. This research is aiming to evaluated the capability of Value Management application as a creative and innovative solution in view of the above issues in local construction industry based on two mega projects in Malaysia which include the Kuala Lumpur International Airport and Low Cost Carrier Terminal (LCCT).