The University of the West Indies

MSc. Construction Management

An Analysis of Value Management in Construction Projects

in Trinidad and Tobago

The purpose of Value Management (VM) is to deliver best value or ensure value for
money on a project. The best possible option is found for the Client by ensuring that the various
parties involved throughout the entire project life cycle are aware of the functions of the project
and ensuring that the needs of the stakeholders are met and any unnecessary costs rooted in the
design are eliminated without the functional quality being reduced.

AIM: The purpose of this research is to investigate the extent to which Value Management is
being utilized in building construction projects in Trinidad and Tobago.

We would appreciate if a senior staff member from your organization would kindly complete
these questions. The information provided is strictly for the research study being undertaken and
will be treated as confidential. Your cooperation in answering the questions in full is vital to this
study and will be greatly appreciated. Thank you for your participation.

Recommended Time of Completion: 10 minutes

Kindly return the completed questionnaire by Friday 31st March 2017 via the email address
gabriel9az11@gmail.com. You can contact 751-2469 for any further queries.

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Please select the answer that is most appropriate and fill in where required.

Section A Company Information

1) Kindly state your position in the company City Engineer
2) Kindly state the name of the company where you are employed Port of Spain
Corporation (optional)
3) Kindly state the number of years of experience you have working in the construction
industry

1-5 10-15

6-10 Over 15
4) Indicate the category your Organization best belongs to

Governmental Client Engineering/ Design

Consultant
Project Management
Consultant Quantity Surveyor

Architectural Firm
5) How many years have you been employed by this Organization?

1-5 10-15

6-10 Over 15
6) Indicate the number of employees in this establishment.

1-20 31-50

11-30 Over 50

Section B Awareness of VM & VE Techniques

7) Have your heard of the terms value management and/or value
engineering?
Yes No
8) What is your level of knowledge of VM?
Very Good Fair Knowledge
Knowledge. Little knowledge
Good Knowledge
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 No knowledge

9) Have you received a training course in VM??

Yes No Not sure
10) If Yes to Question 9), how long a training course of VM have you
received?

Insert text here

11) If No to Question 9) will you be interested to get more information on
VM?
Yes No

12) Please indicate your level of agreement with the following statements

Strongly Agree Neutral Disagree Strongly

Agree Disagree
VM should be implemented on all construction
projects
VM is helpful in understanding Client
requirements
VM is more effective when implemented at
earlier stages of a project
VM is a value enhancing tool rather than just
for cost reduction
VM reduces cost through creative alternative
designs
VM is the same as traditional cost control

VM helps teams to work together and help

dissolve adversarial relationships
VM is not applicable to T&T construction
sector

13) Please indicate your level of agreement with the techniques you
consider are important in VM
Strongly Agree Neutral Disagree Strongly
Agree Disagree
Brainstorming
Functional Analysis
FAST Diagram
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 Teamwork
Work plan
Process Mapping
Value Tree
Earned Value Management
Life cycle costing
Cost benefit analysis
SWOT analysis
Other
Insert text here

14) Please indicate your level of agreement with the VM methods you
consider applicable to T&Ts construction sector
Strongly Agree Neutral Disagree Strongly
Agree Disagree
40-hour Workshop
Contractors change proposal
VM audit
Concurrent VM study
SMART
Charette job plan
Other
Insert text here

15) Please indicate your level of agreement with the advantages of VM.
Strongly Agree Neutral Disagree Strongly
Agree Disagree
To have a clearer focus on the
projects objectives and Clients
requirements
To eliminate unnecessary costs
and ensure better value for
money
To encourage creative thinking

To increase communication
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 with external experts

To increase internal
communication
To improve Quality

To improve Maintainability

To improve fit for intended

purpose
Other:
Insert text here

Section C- Application of VM Techniques

16) Has your Organization applied VM principles in Building Construction
projects?
Yes No

17) Has your Organization applied a structured VM study in Building

Construction projects?

Yes No Not sure

If No, move to question 27
18) How many structured VM studies have your Organization taken part in
and state the names of the projects?

1 Insert text here

2 Insert text here

3 Insert text here

4 Insert text here

Over4 Insert text here

19) Was a VE expert used on the projects in which VM was employed?

Yes No

20) Please indicate in the table below

i. the stages of the building construction project where you have
participated in a VM study and
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 ii. the VM methods that were used during each stage

Stages Conceptual Feasibility Sketch Working Constructio Completio

Stage Stage Design Stage Drawings n Stage n Stage
Stage
VM Methods Used

40-hour 40-hour 40-hour 40-hour 40-hour 40-hour

Workshop Workshop Workshop Workshop Workshop Workshop
VM audit VM audit VM audit VM audit VM audit VM audit
Charette Charette Charette Charette Charette Charette
Concurre Concurre Concurre Concur Concurrent Concurre
nt VM nt VM nt VM rent VM VM nt VM
Contractors Contractors Contractors Contracto Contractors Contractors
change proposal change proposal change proposal rs change change proposal change proposal
proposal
Other Other Other Other Other Other

Insert text here Insert text here Insert text here Insert text Insert text here Insert text here
here

21) Please indicate your level of agreement with the reasons why your
organization applied the VM study
Strongly Agree Neutral Disagree Strongly
Agree Disagree
Requested by Client

To have a clearer focus on the

projects objectives
To eliminate unnecessary costs
and ensure better value for money
To encourage creative thinking

To increase communication with

external experts
To increase internal
communication
Other
Insert text here

22) Were you satisfied with the overall project results in which the VM
study was applied?
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 Very Satisfied Unsatisfied
satisfied

23) How long did the VM study last? Insert text here
24) Who were the personnel involved in the study?

Key Stakeholders Design Engineer

VM facilitator Quantity Surveyor
Project Manager Other Insert text here
Architect

25) What cost savings as a percentage of the initial cost was achieved?

0% 3-5% 10-20%
1-3% 5-10% >20%

26) Please indicate your level of agreement with the project aspects that
were improved due to the VM study.
Strongly Agree Neutral Disagree Strongly
Agree Disagree
Accuracy in design of the project
Ability to control scope
Clearer scheduling of the construction
process
Realistic time for project completion
Accuracy of estimation of project
costs
Improved workforce expertise
Clarified workforce duties and
responsibilities
Improved communication
Clarified contract
Customer satisfaction
Improved Quality
Improved Maintainability
Improved fit for intended purpose
Improved material planning and
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 scheduling
Improved material conservation
Improved long term competitiveness
of firm
Other: Insert text here

27) On your most successful project, which VM technique(s) were utilized?

Brainstorming Work plan Life cycle costing
Functional Process Mapping Cost benefit analysis
Analysis Value Tree SWOT analysis
FAST Diagram Earned Value Other Insert text
Teamwork Management
here

28) Would you implement VM on future projects?

Yes, Why To ensure goals match expectations
Maybe, Why Insert text here
No, Why Insert text here
Section D Factors Hindering Implementation and
Recommendations
29) Please indicate your level of agreement with the factors that hinder the
implementation of VM techniques
Strongly Agree Neutral Disagree Strongly
Agree Disagree
Client unwilling to adopt VM techniques
Client lacking knowledge in implementing
VM
No marketing and recommendation of VM
from the consultant
Resistance from the design consultant
Inexperienced or lack of VE facilitator
Insufficient time to carry out VM
Perception that process is time consuming
It is too costly to carry out
Traditional cost saving methods considered
adequate or better
Lack of communication among project

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 stakeholders
Lack of implementation frameworks/
guidelines, standard VM procedures
Projects too complex and uncertain
Traditional procurement system
characterized by the clear separation of the
design and construction phases

30) Please indicate your level of agreement with the methods you consider
effective for disseminating of VM knowledge throughout the
construction industry of T&T
Strongly Agree Neutral Disagree Strongly
Agree Disagree
VM practice manuals
VM workshops/ seminars
Books and journals
Other: Insert text here

End of Questionnaire
Thank you for your participation.