The Institute is quite active in promoting VM in Malaysia through national seminars, talks, trainings and the like as well frequent participation with other VM / VE societies in the world.
Apart from that, IVMM also progressively updated its own resources on VM including IVMM Bulletin, IVMM Newsletter, National VM Guide and VM Competency Standard (VMCS) amongst others.
National Value Management Guide
The understanding of the concept of VM in the eyes of the client, stakeholders and potential customers is very important as it does not merely deal with cost but looks into the wider perspective of the relationship between value, function, cost and quality.
The fundamental contribution of VM exercise is to eliminate an unnecessary cost, which does not contribute to the value of the projects, products, systems and facilities. The structured functional analysis is very significant during VM study in achieving cost optimisation.
This National VM guide is published to provide better insight of the principals of VM and its application, its relation to systems approaches and life cycle costing. Major emphasis is given to construction projects, products and system studies.
This guide is relevant for all professionals and stakeholders such as Project Owners, Project Managers, Engineers, Architects, Quantity Surveyors, Manufacturers, Accountants, Academicians, tertiary education students and general public.
