AN ASSESSMENT OF THE NIGERIAN CONSTRUCTION INDUSTRY’S READINESS TO ADOPT VALUE MANAGEMENT PROCESS IN EFFECTIVE PROJECT DELIVERY
- Project Research
- 1-5 Chapters
- Quantitative
- Mean and Standard Deviation
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
Value management is widely accepted as a technique in achieving value for money. In accordance with the stipulation of the Public Procurement Act in Nigeria that value for money practices should be followed in procuring public assets and services, this study aims to assess the Nigerian construction industry’s readiness to adopt value management process. Through a survey, a total number of 117 semi-structured questionnaires were administered amongst practicing quantity surveying firms involved in construction projects in Nigeria. A total number of 70 usable responses were analysed and the results evaluated based on the four aspects (environment, people, process, and issues/information) of the requirements for value management identified from literature. Descriptive analysis was used to determine the level of existence of the requirements in the industry using percentages, mean and standard deviation. The results reveal that the Nigerian construction industry can adopt value management with little adjustments to current practice with the overall mean for all the four aspects standing at 3.34 (i.e. moderate level). The findings also revealed that the key barriers to the adoption of value management are lack of value management qualified practitioners, lack of commitment to implement value management, lack of time due to rushed designs and difficulties in the involvement of all key stakeholders in project processes. This calls for efforts to be geared towards mitigating these barriers. Therefore, the study recommends that there is the need for adequate awareness on the benefits of value management to all stakeholders. Also, Organisations should review their techniques and processes from time to time for improvement and also put in place a change management strategy that would enhance adoption of newly introduced techniques like value management.
Related Project Materials
THE INFLUENCE OF CHILD LABOUR ON ACADEMIC ACHIEVEMENT OF PUPILS IN SELECTED PRIMARY SCHOOLS
Abstract
This research was carry out to investigate the influence of child la...
REVENUE MOBILIZATION AS A TOOL FOR EFFECTIVE LOCAL GOVERNMENT ADMINISTRATION
ABSTRACT
This study focuses on Revenue Mobilization as a tool for effective Local Government Administra...
THE IMPACT OF HUMAN CAPITAL ON ECONOMIC GROWTH IN NIGERIA (1981-2016)
Abstract
The study examined the impact of human capital and physical capital on economic growth in Nige...
THE MASS MEDIA AND COVERAGE OF SPORTS PORGRAMMES IN NIGERIA (A STUDY OF NTA ENUGU)
ABSTRACT”
The research work used social responsibility and Agenda setting theories t...
ANALYSIS OF PROFITABILITY AND RESOURCE USE EFFICIENCY IN CASSAVA FARMING
ABSTRACT
The study was conducted to analyze the profitability and resource use efficiency of cassava fa...
STUDENTS EVALUATION OF TEACHING PROCESSES AND THEIR ACADEMICS PERFORMANCE
Background to the Problem
The sustainability of any education system, whether formal or inform...
AN APPRAISAL OF FACTORS MILITATING AGAINST THE EFFECTIVE IMPLEMENTATION OF FORMAL RISK MANAGEMENT TECHNIQUES IN PROJECT DELIVERY
EXCERPT FROM THE STUDY
In this study, our focus was to carryout an appraisal of factors militating against the effective implementation o...
AVAILABILITY AND USES OF LIBRARY RESOURCES IN TRAINING LIBRARIES BY STUDENT
Abstract
This study carried out on availability and use of library resources in training libraries by students, using d...
IMPACT OF POPULATION GROWTH ON THE NIGERIA ECONOMY
ABSTRACT
It is said that the population of any country c...
THE EFFECTIVENESS OF FINANCIAL LITERACY EDUCATION IN VOCATIONAL TRAINING
ABSTRACT: This study examines the effectiveness of financial literacy education in vocational training programs, focusing on its impact on stu...
