Value Management in the United States of America

Abstract

Virtually every literature reviewed asserted that value management (VM) originated from the United States of America (USA). The practice has been into practice during and after World War II. There have been several implementations of VM practice in the US construction industry, and there have been manifestations in other sectors. This is just pointing the direction to how established the VM practice is rampant in this construction industry before spreading across to other countries. The introduction part of the research points to value involving planning, execution, controlling and management for the benefit of the client and concerned professionals. With the history of VM founded in the United States, the originator drafted initial procedures and stages concerned with the practice before being modified by various countries to suit their environmental needs. Early challenges were also recorded in the research, and conclusions were made on the work's general outlook.

Citation

Oke, A.E., Stephen, S.S. and Aigbavboa, C.O. (2022), "Value Management in the United States of America", Value Management Implementation in Construction, Emerald Publishing Limited, Leeds, pp. 115-123. https://doi.org/10.1108/978-1-80262-407-620221009