1995
Was Formally Established In
HKIVM, established in 1995, is a non-profit making organisation dedicated to the promotion of the use of Value Management in Hong Kong. Value Management (VM) as a philosophy, together with its associated tools and techniques, emphasizes the need to consider function and cost in a structured and systematic way, as part of any strategic decision process. Over the past 24 years, the HKIVM has hosted 14 international conferences, conducted a number of value training workshops, and regularly published a newsletter. Its members have conducted hundreds of highly successful VM studies for both public and private construction industry clients.
HKIVM’s Aims
To create an awareness in the community of the benefits to be derived from the application of Value Management in Hong Kong.
To encourage the use of the Value Management process by sponsors.
To establish and maintain standards of Value Management practice in Hong Kong.
To contribute to the dissemination of the knowledge and skills of Value Management.
To establish an identity for the Institute within Hong Kong and overseas.
To encourage research and development of Value Management with particular emphasis on developing new applications of the process.
To encourage and assist in the education of individuals and organisations in Value Management in Hong Kong.
To establish and maintain a Code of Conduct for practitioners of Value Management in Hong Kong.
To attract membership of the Institute to support these objectives
Message from the President
Paco TSANG
President of HKIVM, 2023
Dear members,
I am honored and delighted to be re-elected as the President of the Hong Kong Institute of Value Management for year 2023.
Also being a Value Management Facilitator of the Hong Kong Institute of Value Management, I am proud of myself. We, Value Management Facilitators, have a vital and significant role to play in providing our professional skills to the society not only in Hong Kong but also all over the world.
Our VM Facilitators come from different occupational disciplines, but we have a common mission, that is, using our professional, objective, scientific and systematic approach to assist industry practitioners to achieve their objectives with minimum resources. In order to do that, we need to equip ourselves with skills to effectively extract the most in-depth thoughts from each participant in the VM workshop. In addition, we can also apply our skills to our workplace and our daily life. Everything we do is people centric.
We have treasured the ways to promote Value Management to other countries along One Belt One Road over the last few years. We will continue to promote Value Management outside Hong Kong.
We will also continue to promote Value Management by conducting our highly successful 12-hour formal VM training course in Hong Kong. Course attendees are more knowledgeable and productive to participate in VM studies after taking the course. We also plan to conduct formal Modules I and II VM advanced training courses leading to becoming VM Facilitators.
With the continuous collaborative efforts of all the council members, we will continue to promote VM and nurture more people to adopt VM to deal with the difficulties encountered in daily life and at workplace.
We should be proud of ourselves as VM practitioners with the power to enhance the project outcome by using our skills particularly with function analysis and creativity thinking.
Thank you again for all your continuous support to the Hong Kong Institute of Value Management!
Paco TSANG
President of HKIVM, 2023
Past Message
Dear Members
On behalf of the HKIVM, I would like to express a warm welcome to our guests and members to attend our 27th AGM. In this year 2022, we managed to finalize the project of Professional Services Advancement Support Scheme (PASS), which was funded and supported by the Government in promoting and extending Value Management in the Belt and Road Regions. Having completed the PASS project with speakers from other countries, HKIVM formed a new network with them. We have continued the friendship established with overseas VM practitioners through the events and worked with them in promoting Value Management in the Belt and Road Regions.
In year 2022, We had conducted Registered Value Management Programme (12 hours) in January 2022 and October 2022 respectively. We also had conducted a formal VM Module I training course (28 hours) in February 2022. In terms of the members of our Institute, we have 19 new members in this year.
To look ahead, we plan to conduct more Registered Value Management Programme (12 hours). We also plan to conduct a formal VM Module II training course in 2023.
Last but not least, on behalf of HKIVM, I would like to express my appreciation to our Training and Events Committee – Sr. Joanna Chow for all the hard works she has done over the past years for the Institute. I am also very pleased to say that we were fortunate to have the support from all of the council members. Taking this opportunity, I would like to extend my heartfelt gratitude to all the council members. They have devoted substantial time and effort throughout this year indeed!
Thank you again for all of your continuous support and
good health to you all!
Paco Tsang
President of HKIVM, December 2022
Past Message
Dear members,
I am honoured and delighted to be re-elected as the President of the Hong Kong Institute of Value Management for year 2020. First of all, I would like to take this opportunity to wish you all a healthy and prosperous Year of the Rat!
The past years have been a thriving era of accomplishments for HKIVM. The most notable of these accomplishments is that we have successfully conducted a workshop and 2 seminars in 2018 as well as a workshop and an international conference in 2019 to promote Value Management to the regions along “One Belt One Road” with the support and funding given by the Hong Kong Government through its Professional Services Advancement Support Scheme (https://hkivm.org/pass-project/).
These seminars, workshop and conference were delivered or facilitated by world known speakers and local VM practitioners attended by overseas and local guests. The theme of the 2019 conference was “Project Creation and Survival via Value Management” and the theme of the 2019 workshop was “In-depth Dialogues on VM Practices in Different Countries”. “One Belt One Road” has been the most important strategic policy of China as unveiled by President Xi Jinping of the People’s Republic of China in year 2013. It was very valuable and successful to exchange VM techniques with international VM experts practising in other countries through international seminars, workshops and conference.
We also successfully conducted the Registered Value Management Programme (12 hours) for the second time in January 2019. The number of applicants for the training programme was overwhelming and more than 90 participants were able to attend it. All the participants were able to travel through the VM processes including information phase, function analysis phase, creative phase and evaluation phase for their own decided topics.
The abovementioned great accomplishments relied very much on the leadership and determination of our council members (Thomas WONG, Lillian CHAN, LIANG Qi, K T CHAU, Carmen LEE, Ricky WONG, K C TANG, Eric LEI) and our great mentor and ambassador Dr. Mei-yung LEUNG. Taking this opportunity, I would like to extend my heartfelt gratitude to all the council members. They were very committed, worked very hard for, and devoted substantial time and efforts to the Institute over the years in creating a new website, organizing the seminars, workshops and conference, as well as conducting the formal VM training.
To look ahead, we would continually conduct the 12-hour formal training programme. The programme was originally scheduled to be conducted for the third time in February 2020 with a great number of registered applicants, but has to be postponed due to the outburst of noval coronavirus by a few months to dates to be announced.
We have also planned to conduct a formal Module I VM training course after the third training programme to cater for the need of the past participants of the 12-hour programmes. With the continuous collaborative efforts of all the council members, we will continue to make effort to promote VM and nurture more people to adopt VM to deal with the difficulties encountered in daily life and workplace especially during the current environment in Hong Kong.
Thank you again for all of your continuous support!
Paco TSANG
President of HKIVM, 2020