Hong Kong Institute of Value Management Limited (HKIVM)

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, 2020

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Dear members,

 

I would like to report and update you on the development of HKIVM. In years 2018 and 2019, we managed to complete 5 events comprising two seminars, two workshops and one international conference in Promoting and Extending Value Management Professional Services in the Belt and Road Regions under the Professional Services Advancement Support Scheme (PASS) with the support and funding given by the Hong Kong Government.  Further to the above, 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.  Four zoom meetings with the VM practitioners from Brunei, Indonesia, Iran, Malaysia, Netherlands, Nigeria and Pakistan, and Mainland of China, etc. were held over the last few months.  The forthcoming 5th zoom meeting with them will be held in early September 2020 to discuss the VM strategies among different cultures. All of our HKIVM members are welcome to join.

We originally planned to conduct the Registered 12-hour Value Management Training Programme in February 2020.  Due to Covid-19, we have postponed this face-to-face programme once to September 2020. We now have no choice but to postpone it further to December 2020 and January 2021, using video conference software like ZOOM to minimize any further uncertainties arising from the coronavirus pandemic.  A minimum of six speakers would lead the participants to travel through the VM processes including information phase, function analysis phase, creative phase, evaluation phase, development phase and presentation phase.

 

To look ahead, we will continually conduct the 12-hour formal training programme as well as the formal Module I VM training course.  With the continuous collaborative efforts of all the council members, we will continue to make effort to promote VM and cultivate 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!

 

Good luck and good health to you all!

 

 

Paco TSANG

President of HKIVM, August 2020

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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