29 Jun International Conference: Project Creation & Survival via Value Management – Session 2
Belt & Road Projects and Implementation of VM-Case of Pakistan Construction Industry
Professor Rizwan U. Farooqui and Mr. Khursheed Ahmed introduced the Belt and Road projects and current situation of construction industry in Pakistan. The presentation reviewed the China-Pakistan Economic Corridor (CPEC) projects, and showed the growth in economics for the construction industry in Pakistan. VM is not yet well known in Pakistan, therefore speakers suggested several methods in Pakistan to promote the VM.
Author: Prof. Rizwan U. Farooqui, Pakistan
Prof. & Co-Chair, Dept. of Civil Engineering, NED University of Engineering & Technology
Rizwan Farooqui, professor and co-chair at NED University of Engineering & Technology, Pakistan. He has a Ph.D. degree in Construction Project Management at the Florida International University, USA. Prof. Farooqui has over 16 years of research, teaching and construction industry experience in the USA, Pakistan, Singapore and Ethiopia. In addition to the academic activities including curriculum developments at undergraduate and postgraduate levels, Prof. Farooqui has remained actively involvement in the national and international funded research projects for construction industry improvement in the local and international scenario. Recently, he undertaken funded projects including those supported by USAID, World Bank, Enel Foundation Italy, British Council, COMSTECH-TWAS, HEC etc. Prof. Farooqui has over one hundred (100) publications in peer reviewed impact factor journals and refereed international conferences.
Presenter: Khursheed Ahmed, Pakistan
Khursheed Ahmed is a registered civil engineer from Pakistan Engineering Council. He did his bachelor degree in civil engineering at the Mirpur University of Scient & Technology, Pakistan. He had job experience in National Highway, Pakistan and AAJSONS Pvt limited Authority. Mr. Ahmed also participated in various national and international conferences and seminars organized thorough government and private departments. He was a SAVE International member from the year 2017 to 2018 and completed successfully to get VMF1 SAVE certificate in 2018. He is actively involved in the Hong Kong Institute of Value Management (HKIVM) as a volunteer Member since 2018. He is contributing to national and international VM communities through being involved in VM workshops and seminars.
Summary of Contents
- Belt & Road Projects in Pakistan
- China–Pakistan Economic Corridor
- Projects of CPEC
- Constraints and Challenges in CPEC
- Pakistan GDP from Construction
- Obstacles in Pakistan Construction Industry
- Situation of Pakistan Construction Industry
- BIM Use and Application in Pakistan Construction Industry
- Value Management in Pakistan
- How VM can promote in Pakistan
Value for Money by the National Procurement Commission in Sri Lanka
Dr. Palitha Ekanayake and Professor Chitra Weddikkara presented the Value For Money (VFM) by the National Procurement Commission (NPC) in Sri Lanka. VFM relates to economy efficiency and effectiveness to examine effectiveness, control cost and efficiency. The principle of VFM is to meet the expectations from customers with the optimum combination of whole life cost and quality or fitness for purpose. Prof. Chitra further introduced the guidelines for achieving VFM and also obstacles in the achievement of VFM.
Dr. Palitha Ekanayake, Sri Lanka
PhD, MBA, MA, B.Com.(Hons)
Prof. Chitra Weddikkara, Sri Lanka
FRICS, FAIQS, FIQS(SL), FIPM(SL), FIA(SL), ARAIA
Professor Chitra Weddikkara has been an Internationally renowned personality in the Construction sector and is the former Dean of the Faculty of Architecture, the University of Moratuwa Sri-Lanka. Prof. Chitra is a professor of Building Economics, Chartered Architect, Chartered Quantity Surveyor, Project Manager, the President of the International Chapter of the Australian Institute of Quantity Surveyors, a Past President of Institute of Quantity Surveyors Sri Lanka, and a visiting External Examiner.
Summary of Contents
- Why Value for Money (VFM)
- 3 Components for VFM Explained
- Principles of Public Procurement
- Principles of Value of Money in Public Procurement
- Achieving “Value for Money”
- Corrupt Practices Has Effect on VFM
- Main Drivers for Value for Money
- Obstacles to achieving Value for Money
Function Analysis in the Team Decision-making Process via a 12-hour VM Training Workshop in Hong Kong
The study from Dr. Leung emphasized the function analysis among 6 phases in 12-hour VM workshop. She studied the impact of function analysis, and how the impact affects team decision-making. Based on the results of a questionnaire survey, it is suggested to conduct a proper VM training workshop for improving the team decision-making outcomes. Dr. Leung also proposed practical recommendations by applying verb-noun phrases, how-why logic, and FAST diagram in teamwork for the practical construction project.
Dr. Mei-yung Leung, Hong Kong
PhD, BRS, BSc(Hons), MHKICM, MCIOB, MHKIS, MRICS, CVS, FHKIVM
Dr. Leung is a Fellow Member, a council member, and a List A Facilitator of HKIVM. She has conducted a number of VM and partnering workshops in Hong Kong and the USA. Dr. Leung has attracted over HK$ 20 million for various research projects, and published over 150 refereed publications in international journals and conferences. She has received a number of international awards, including Tony Toy Memorial Award issued by the HKIVM, Thomas D. Snodgrass Value Teaching Award issued by the SAVE international in the USA, Academic Excellence Awards issued by the Pacific Association of Quantity Surveyors, Academia Best Paper Award issued by the Miles Value Foundation in the USA, and Teaching Excellence Award issued by the CityU. Dr. Leung was also a senior Fulbright Scholar at the Pennsylvania State University and the University of Southern California in the USA in 2014-15.
Summary of Contents
- International Standards/Qualification
- Registered Value Management Program (12 Hours) in Hong Kong
- Function Analysis (FA) – Function
- Function Analysis (FA) – FAST
- Decision Making Outcomes via VM training workshop
- Meaning & SD of VM Training
- Correlation Analyses between Information/FA and DM
Contextualization of Value Management (VM) Implementation in the Malaysian Public Construction Projects
Sr. Rohanis conducted a talk on the development and the evolution of VM in Malaysia. The presentation focused on the contextualization of VE initiative in the Malaysian Public Works Department (PWD), and discussed VE governance and its implementation framework with PWD as the main implementing agency for public projects. The presentation concluded contextualization of VM implementation is fundamental, while the continuous reviews and VE/VM integration are necessary for sustaining the VM in the construction industry.
Sr. Rohanis Ab Ghani, Malaysia
CVM, FIVMM, PQS, MBQSM, MRISM
Sr Ghani has working experience of over 25 years in both Quantity Surveying and Value Management (VM) in the public technical agency of Malaysia. She is a pioneered VM initiative in public sector since 2011 involving the development and operational of VM, with substantial experience in VM study implementation. Being a source of reference of VM to other practitioners; and recognized as a Subject Matter Expert (SME) in VM by the Public Service Department of Malaysia in 2018, she is actively involved with the Institute of Value Management Malaysia (IVMM) as a council committee and appointed as Director of Professional Development and awarded as a Fellow Member since 2015. She contributes to national and international VM communities through publications and presentations of technical / research papers; and develop standards for VM practice and value manager’s competency.
Summary of Contents
- Development of VM in Malaysia
- Evolution of VM in Malaysian Public Sector
- VM in Public Construction Projects
- Major VM Interventions in Public Construction Projects
- Institutionalization of VM in Multi Public Agencies
- VM Implementation in Public Construction Projects
- Outcomes of VM/VE in Public Construction Projects
- VE in Strategic Framework (PWD Malaysia)
- Institutionalization of Value Engineering (VE) Initiative in Public Works Department of Malaysia (PWDM)