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,
It is a great honour for me to continue taking up the post of the President of the HKIVM for the term in year 2019.
First of all, I would like to thank all of our council members for their hard work in the past year.
In the year of 2018, we conducted a series of seminars and workshop on 29 and 30 November 2018 as the first part of our project called “Promoting and Extending Value Management Professional Services in Belt and Road Regions” funded by the Professional Services Advancement Scheme of the Government of the Hong Kong Special Administrative Region. These seminars and workshop were conducted by the world known speakers from Malaysia, Sri Lanka and the USA. On the coming 29 and 30 June 2019, as the final part of the project, we will hold a VM international conference themed “Project Creation & Survival via Project Management” and a workshop titled “Indepth Dialogues on VM Practices in Different Countries” where 9 overseas speakers and 5 local speakers will share their knowledge and experience with us.
Following last year’s practice, we also successfully conducted again the 12-hour Registered Value Management Programme in January 2019. The number of applicants for the training programme was overwhelming and more than 90 participants were able to attend the training programme. All the participants were able to travel through the VM processes including the information phase, function analysis phase, creative phase and evaluation phase on their own chosen topics.
We visited the Government officials from the Development Bureau to discuss the proposed revisions of the relevant government technical circular and the ways to apply VM for Government projects in the future. The discussions were encouraging. We have seen more Government projects calling for VM workshops recently.
Looking ahead, we would continually conduct the 12-hour training programme. We also plan to conduct a formal Module I VM training course.
The highlight of this year is the International Conference and Workshop on 29 and 30 June 2019 respectively. I look forward to seeing all of you and other interested friends at the Conference and Workshop.
Paco TSANG
President of HKIVM, 2019
