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.
