Value Management in the Nigerian Construction Industry: Challenges and Prospects

Authors

DOI:

https://doi.org/10.56741/jmsd.v2i02.297


Keywords:

construction industry, cost management, Nigeria, projects , value management

Abstract

This study aimed to examine the state of value management in the Nigerian construction industry and to identify the challenges and prospects associated with its implementation. The study found that there is a lack of research on value management in the Nigerian construction industry, with a focus on the challenges and barriers rather than the benefits and best practices. The study also found that value management is not widely implemented in the industry, with limited understanding of the factors impacting its implementation. Specific challenges and barriers to the implementation of value management in the Nigerian construction industry were identified, such as lack of standardization and lack of expertise. Additionally, the study found that there is a limited adoption of international standards and best practices in value management, which could improve the performance of the industry. The study also found that there is a lack of training and education programs for construction professionals in value management, which is essential for effective implementation. Finally, the study found that there is a limited use of technology and data analytics to support value management in the Nigerian construction industry. Overall, the study highlights the need for further research, training and the adoption of international standards and best practices in order to improve the implementation of value management in the Nigerian construction industry.

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Author Biographies

Victoria Hassana Jiya, Air Force Institute of Technology

is a lecturer with Civil and Environmental Engineering department, Air force Institute of technology, Kaduna. She is a Member of Nigerian Institute of Quantity Surveyors (NIQS) and a Registered Quantity Surveyor (RQS) with Quantity Surveyors Registration Board of Nigeria (QSRBN). ORCID: https://orcid.org/0000-0001-6625-9881

Emmanuel Ogunleye, Emmanesta Construction and Engineering Limited

is a Nigerian civil engineer with extensive academic and professional experience. He holds a Higher National Diploma in Civil Engineering and a Postgraduate Diploma in Civil and Environmental Engineering. Currently, he is pursuing a Master's degree in Structural Engineering and conducting research on the reliability of structures in Nigeria. Engr. Ogunleye is a registered civil engineer with COREN and a member of several professional organizations. He has worked with numerous construction companies in Nigeria and is the CEO of Immanuester Global Services and Emmanesta Construction and Engineering Limited. Additionally, he established a foundation to support education for the less privileged. ORCID: https://orcid.org/0000-0001-7263-895X

Collins Onuzulike, University of Nigeria

is a lecturer in the Department of Civil and Environmental Engineering at the Airforce Institute of Technology in Kaduna, Nigeria. He received his higher education at the University of Port Harcourt, where he obtained his Bachelor's and Master's degrees, and is currently working on his PhD research thesis at the same university. He is a fellow of both the prestigious Institute of Disaster Management and Safety Science and the Association of Climate Change Practitioners. He is also an Ambassador for Climate Change in the Federal Republic of Nigeria and has published several articles in national and international journals. ORCID: https://orcid.org/0000-0001-7264-9843

Ebenezer Ogırıma Akande

is a senior Engineer at FEGEC Worldwide Ltd, NO 3, Peace street, Ijeododo Lagos State Nigeria. He is a civil engineer, specializing in building construction. He is a COREN registered engineer. ORCID: https://orcid.org/0000-0002-3201-6520

Michael Toryila Tiza, University of Nigeria

is an experienced civil engineer with degrees in Civil Engineering, Transportation Engineering, and Construction Management. He is pursuing a Ph.D. in Civil Engineering and holds memberships in professional organizations such as Fellow-ISDS, registered with COREN, and NSE. He has authored books, published academic articles, received awards, and attended various academic and professional conferences. ORCID: https://orcid.org/0000-0003-3515-8951

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Published

2023-04-04

How to Cite

Jiya, V. H., Ogunleye, E., Onuzulike, C., Akande, E. O., & Tiza, M. T. (2023). Value Management in the Nigerian Construction Industry: Challenges and Prospects. Journal of Management Studies and Development, 2(02), 88–116. https://doi.org/10.56741/jmsd.v2i02.297

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