Exploring the Critical Success Factors of Value Management Implementation for Sustainable Residential Building Project: A Stationary Analysis Approach

Ahmed Farouk Kineber (), Md Sharif Uddin and Alaa Fouad Momena
Additional contact information
Ahmed Farouk Kineber: Department of Civil Engineering, College of Engineering in Al-Kharj, Prince Sattam Bin Abdulaziz University, Al-Kharj 11942, Saudi Arabia
Md Sharif Uddin: Department of Industrial Engineering, Prince Sattam Bin Abdulaziz University, Al Kharj 11942, Saudi Arabia
Alaa Fouad Momena: Department of Industrial Engineering, Prince Sattam Bin Abdulaziz University, Al Kharj 11942, Saudi Arabia

Sustainability, 2022, vol. 14, issue 23, 1-18

Abstract: During the past two decades, value management (VM), has developed into a recognized construction practice. However, the methods and activities associated with VM adopt informal approaches in developing countries. This study aims to explore the critical success factors (CSFs) of VM implementation. Consequently, VM CSFs were investigated from the previous literature and further categorized over a semi-structured interview. The importance of these CSFs investigated by 335 structured questionnaires completed by residential building professionals. Subsequently, the exploratory study using the exploratory Pearson correlation of the VM CSFs was employed to validate the categorization resulting from a semi-structured interview and pilot study phases. Based on the validation results, the VM CSFs may be divided into four dimensions: culture and environment, workshop dynamics, stakeholder and knowledge, and standardization. Through important relative index (RII) analysis, the essential CSFs creates a VM team from a variety of disciplines, VM knowledge, experience of participants, and professional experience of the different participants’ diverse disciplines. In addition, this research used a stationary analytic strategy to evaluate the degree to which VM critical success factors (CSFs) have been incorporated into residential construction projects in Egypt. The results revealed that “establishing the roles and purposes of various professions” was the stationary success factor for adopting VM. This research establishes a road map for successful VM implementation via VM CSFs in Egypt and other underdeveloped nations. Stakeholders in the residential construction sector would benefit from this study by learning more about VM CSFs and how they may be used to increase the value of their projects.

Keywords: construction project management; building performance; value management; value engineering; residential building projects; Egypt; developing countries; critical success factors (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/23/16215/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/23/16215/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:23:p:16215-:d:993880

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().