Ojo, L D; Ogunsemi, D R and Ogunsina, O (2022) Conceptual framework of value management adoption in the Nigerian construction industry. Construction Innovation, 22(4), pp. 939-961. ISSN 1471-4175
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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | adoption; conceptual framework; construction industry; innovation; Nigeria; value management; value management/engineering |
| Index terms: | deviation, Nigeria, Delphi survey, construction industry, global construction, construction professional, project performance, value management, drawing, developing nation, developing economy, survey, legislation, data analysis, conceptual framework, collaboration, construction project, methodology, questionnaire, validation |
| Subjects: | research methods, management, economic development, theoretical framing, project management theory and practice, development economics, professional development, Geography, production management, industry analysis, strategic management, data collection methods, technical documentation, financial and cost management, legal systems, data analysis and analytics |
| Topics: | Cost Management, Information Management, Project Management, Geographical Context, Research Practice, Organizational Design, Design Practice, Legal Issues, International Construction, Value Management |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here