2022
DOI: 10.3390/buildings12050680
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Critical Obstacles in the Implementation of Value Management of Construction Projects

Abstract: At present, the construction industry in China has problems such as low production efficiency, low technical efficiency, low management efficiency of the construction project, delayed delivery, budget overruns, and unreasonable risk allocation. Value management can address these issues by enhancing the value of construction projects in China, reducing construction costs, and ensuring significant investment returns. This study uses literature analysis to identify the critical obstacles to adopting value managem… Show more

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Cited by 6 publications
(3 citation statements)
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“…The greater the alpha value, the more reliable the scale used. This study's Cronbach alpha reliability for the questionnaire items tested is 0.939, more than the 0.7 minimum, implying internal consistency among survey questionnaire variables [59,60].…”
Section: Cronbach's Alpha and Reliability Analysismentioning
confidence: 99%
“…The greater the alpha value, the more reliable the scale used. This study's Cronbach alpha reliability for the questionnaire items tested is 0.939, more than the 0.7 minimum, implying internal consistency among survey questionnaire variables [59,60].…”
Section: Cronbach's Alpha and Reliability Analysismentioning
confidence: 99%
“…Poor collaboration and communication can cause delays and miscommunications during the procurement process. This can be resolved by establishing effective channels of communication, such as regular meetings and updates, and by including all pertinent stakeholders in the procurement process [21].…”
Section: Inefficient Procurement Processesmentioning
confidence: 99%
“…Value management is an organized effort to analyse functions, value, costs, and sustainability. It can address critical obstacles in the implementation of value management of construction projects by enhancing the value of construction projects based on the level of knowledge and experience of the stakeholders involved (Li et al, 2022). However, there are barriers to the implementation of value management in the construction industry, such as a lack of awareness, knowledge, and skills, as well as resistance to change.…”
Section: Introductionmentioning
confidence: 99%