Practice and Prospects of Value Management in Nigeria

Problems of poor project delivery are high and unabated in Nigeria. However, different attempts have been made to address these problems but unfortunately the problems still persists and unabated. However, current studies indicate that value management (VM) is capable of facilitating the achievement of the client's value system. Therefore, this research aims to investigate the prospect of VM in Nigeria. Data were collected using a survey questionnaire distributed to construction professionals in Nigeria. The findings from the research suggest that VM is not formally practiced in the Nigerian construction industry and that quality of the projects is the dominant criterion within the Nigerian client value system. The findings further revealed VM can facilitate the identifications of client value system in Nigeria. Finally, the results suggest that VM can also facilitate the achievement of client value system in Nigeria.Therefore, this research concludes by recommending the introduction of VM into the Nigerian construction industry in order to provide value added services and ultimate to improve the performance of the Nigerian construction industry