Value management awareness and utilization in construction projects in Lagos state, Nigeria
The aim of this of study is to investigate the levels of awareness and utilization of value management (VM) in construction projects. The objectives of this study are to analyze the levels of awareness of value management of construction professionals and to examine the extent of utilization of VM in the delivery of construction projects in Lagos State, Nigeria. Structured questionnaire was used to collect information from construction professionals who undertook VM recently. Snowballing sampling technique was used in selecting seventy (70) respondents and only twenty-eight (28) responses were found fit for data analysis. Results show that VM concept is known to respondents but it is not frequently used for projects. Level of awareness of VM is still low. Level of utilization of VM for project delivery is low and some informal VM methods are used in practice. The study findings have an implication for policy such that a public law should be enacted for use of VM for all public construction projects. The study concludes that organizations have not fully embraced VM on construction projects and VM is used only on few projects. The study recommends that curricula of postgraduate courses in construction related fields are to include VM courses; while professional bodies are to spread awareness and enlighten their members on the use of VM for projects.