Assessment of the Factors Hindering Value Management Practices in Abuja Construction Industry

Abstract

Value management (VM) has played a broad role in supporting effective decision-making to construction projects, increased project performance and quality, balance project objectives, and manage community expectations in many countries around the world. But applicability of VM in Nigeria especially in Abuja construction industryhasexperienced a set back as compared with rest of the world. It is on this basis that the study examined the factors responsible for the set back with a view to recommending sustainable solutions. Therefore, the study sampled 235 professionals across the construction firms in Abuja through simple random sampling technique. The study employed descriptive (mean) and infrential (factor analysis) methods of data analysis. The result revealed that through factor analysis technique, six most highly emphasised factors were identified which constituted about 65.690% variance in the original factors and inflexibility, lack of manpower and project focus, and poor knowledge. The study recomends that project managers should be proactive in addressing the afformentioned factors as they passed critical set back to value management implementation among Nigerian construction companies.