Conceptual framework of value management adoption in the Nigerian construction industry

Abstract

Purpose The Nigerian construction industry is bedeviled with poor project performance and outcomes which value management (VM) could address if applied. The application of VM on Nigerian construction projects is very minimal due to certain obstacles, namely, lack of VM experts, paucity of knowledge on the techniques, etc., which inhibits the adoption into the construction industry. Therefore, this study aims to develop a conceptual framework of the adoption of VM on construction projects in a typical developing economy. Design/methodology/approach This study engaged 15 selected VM experts in two rounds of Delphi survey to develop a conceptual framework of VM adoption. The method of data analysis includes mean score, standard deviation, Kendall’s coefficient of concordance, chi-square (χ2) test, interrater agreement analysis and significant level analysis. The developed conceptual framework was sent to a team of local and international VM experts for validation. Findings This study reveals that the adoption of VM requires the collective effort of relevant stakeholders in the construction industry. The framework developed presents individual and collective activities to be undertaken by the stakeholders. The activities include training, legislation, government-funded research, etc. Thus, the adoption of innovative management methodology like VM requires the collaboration of academics, construction professional bodies and government parastatals. This will assist in the judicious use of limited construction resources and boost the relevance of the Nigerian construction industry among developing nations and in the global construction market. Originality/value This study used the opinions of few construction professionals that can be regarded as VM experts in Nigeria, as against engaging a pool of construction professionals who may not be knowledgeable in VM process. Engaging the few VM experts in the Nigerian construction industry is important to have a valid basis for drawing conclusion, as large questionnaire survey could be possibly filled by inexperienced or unqualified respondents if stringent criteria are not considered at the outset of this study.

The DAWN readiness model to assess the level of use of Industry 4.0 technologies in the construction industry in Brazil

“…The statistical software uses for statistical analysis: α = 0.05 (level of significance), statistical power = 0.9 (probability of correctly rejecting the null hypothesis when it should be rejected) and degree of freedom = 1. The test consists of comparing the p value (probability of significance) with α ; if p is greater than α , the null hypothesis can be considered true at the level of significance ( α ) considered (Hair et al , 2009; Ojo et al , 2021).…”

Value Management in the Nigerian Construction Industry: Challenges and Prospects

“…Lack of funding poses a serious problem for value management because it can significantly affect how well and efficiently organizations can manage their resources. Without adequate funding, organizations may be forced to make difficult decisions regarding resource allocation, resulting in missed opportunities and insufficient progress towards strategic objectives [28][29][30].…”

Critical Barriers to Environmental Management System Implementation in the Nigerian Construction Industry

“…The dearth of specialists is always a hindrance to the implementation of a new methodology (Ojo, 2018). Lack of specialists in environmental issues is a barrier to EMS implementation and sustainability in the construction industry (Stevens et al, 2012).…”

“…Limited pressure from construction stakeholders, i.e., clients, consultants, government, and the general public on ensuring service delivery that does not hinder the eco-system reflects the existing management culture in the society. Organisational resistance to change is usually a barrier that depicts the absence of continuous improvement culture in the construction industry of developing nations (Ojo, 2018). Although, culture implies a way of life followed by an average person in society (Idang and Afia, 2017).…”