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Project title

Enhancement of Construction Value Management Professionalism for the New Generation (April 2004 - December 2004)
supported by Professional Services Development Assistance Scheme (PSDAS), Commerce, Industry and Technology Bureau, Hong Kong Special Administration Region, and the Hong Kong Institute of Surveyors

Abstract:

Construction professionals need to update themselves with essential expert knowledge and skills to cope with the ever-changing construction techniques and external environment. Traditional decision making and management processes generally fail to enhance the quality and value of construction projects. However, the development of Value Management (VM) has provoked construction stakeholders to focus on the relationship between functions and costs when a project is designed and constructed. In view of a lack of understanding of the concept and skills of VM in general, this project aims to update and disseminate the VM knowledge and skills required by construction professionals so as to enhance the competitiveness of the construction profession in a regional context. Achieving this aim requires the following objectives to be fulfilled: (1) devise a system to introduce VM knowledge to construction professionals; (2) train value specialists to co-facilitate VM workshops; and (3) exchange innovative VM techniques with international VM experts.


Team members:

Mei-yung LEUNG, Department of Building and Construction, City University of Hong Kong
Anita LIU, Department of Real Estate and Construction, Hong Kong University
S.O. CHEUNG, Department of Building and Construction, City University of Hong Kong
Thomas S.T. NG, Department of Civil Engineering, The University of Hong Kong
Jacob LAM, Managing Director, ValueMark Management Consultants Ltd.
Ho-kin LI, Assistant Secretary, Housing, Planning and Lands Bureau, Government of the HKSAR
David K.C. YAU, Assistant General Manager, Project Management Department, Henderson Land Development Company, Hong Kong


Papers:

Leung M.Y. (2004) A first step towards a professional VM qualification. In Surveyor Times, H.K.: HKIS, 13(5), 16.

Leung M.Y. (2004) A series activities towards a professional VM qualification. In Surveyor Times, H.K.: HKIS, 13(9), 21.

Leung M.Y. (2004) Enhancement of construction value management professionalism for the New generation. The Value Manager, H.K.: HKIVM, 10(3), 22.

Leung M.Y. (2005) An interactive VM seminar -a key VM technique: function and identification. Surveyor Times, H.K.: HKIS, 14(1), 33-34.

Leung M.Y. (2005) Value Management. Surveyor Times, H.K.: HKIS, 14(8), 41-42.

Leung M.Y. (2005) A series of successful international VM activities in Hong Kong. The Value Manager, H.K.: HKIVM, 11(3), 11-20.

Leung M.Y., Kirk S.J. (2005) Value management ‘module I’ 40-hour training workshop - Hong Kong and Beijing. Interactions, U.S.A.: SAVE International “The Value Society”, 8, 7.


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