QSB60203 Value Management
Taught by
Sr. Loo Seong King
Sr. Habizah Sheikh Ilmi
About this Module
Provide the history, background, theories, concepts and principles of value management
Introduces the idea of unnecessary cost and cost cutting exercise in cost planning and control stage
Concludes with a series of discussion on the problem and constraint in the implementation stage based on some significant case studies
Learning Outcome
1 VM in construction industry
2 VM approach in construction projects
3 VM practice: enhance value or cost cutting
4 Value, cost, function & worth
5 Unnecessary cost
6 Application of VM in cost planning & cost control
7 VM methodology: job plan
8 VM tools & techniques
9 VM team & participants
10 Problems & constraints in the implementation of VM
Assignment Components
Mid-term test 20%
Group assignment 30%
Final examination 50%
Group assignment
A group of student are required to prepare a case study of Value Management application in the construction industry. We have prepared a case study on a 4-storey college.
