Value Management

The objective of value management is to create an understanding in general the value process, function analysis and team dynamics in the client's value system. It is also aimed to identify solutions to undertake value studies at difference stage of a project as well as recommend a more collaborative effort towards the promotion and awareness of value management in Malaysian construction industry in an effort to achieve value for money invested.

This is a totally fresh subject for me. Sr. Loo Seong King and Sr Habizah are the lecturers for this subject. They worked hard to guide us during lecture class. Besides, we are required to work for a group assignment. The scope of the assignment is to prepare a value management report as a value management study team in order to conduct a value management workshop on a project. The project used in my group assignment is a resort hotel where the client wants to maximize profit of the resort building. Therefore, we need to consider many factors in order to achieve client's objective and maintain a balance between function, cost and quality. The value management tools used are function analysis, FAST diagram, brainstorming and weighting and scoring system.

I have gained new knowledge from this subject and I believed these will help me a lot in my future career. I have also improved my communication skills by conducting a real value management workshop with my fellow team members.

Project Management

This subject is lectured by Mr Leong Boon Tik and it is one of my favourite subject in my degree life. Project management is an interesting topic for me. The objective of this subject is to appreciate the roles and functions of construction project participants and the organizational structures where they occur. It is also aimed to develop understanding of the form and influence of leadership in the construction project process and the relationships of players to a project's success. The next objective is to understand the application of management techniques in the control and direction of construction project resources as well as evaluate the dynamic changes which occur during a construction project's life cycle and the nature of a project's success. The topics that has been covered include time management, cost management, procurement management, risk management, quality management and project termination.

We are required to form a group in order to complete the group assignment. The scope of the assignment is to prepare a report on risk and quality management of a proposed development. We need to include quality planning, quality assurance and quality control throughout the project life cycle. Besides, every possible risks of the proposed development has to be identified and mitigated by using various methods. This is an challenging process as it created chance for us to think of the method to manage a project and I found that it is not easy to become a project manager. Furthermore, Mr Leong guided us to use Microsoft Project software. The software is used to create a gantt chart which is one of the most important element in project management.

I have gained much knowledge on project management which made me feel interested in this field. Thank you Taylor's University for providing such good quality education. Mr Leong shared a lot of real life experience in the industry which made me understand the lecture easier.