Retrieving Beneficial Outcomes through Increased Level of Awareness about Value Management in Saudi Construction Industry - A Survey-based Approach Dr. Abdullah Mohammed Alshehri* College of Engineering, Majmaah University, Majmaah 11952, Saudi Arabia Dr. Ibrahim I. Falqi College of Engineering, King Khalid University, Abha 61411, Saudi Arabia. Dr. Abdulrahman S. Bageis Taibah University P.O.Box 344, Saudi Arabia Dr. Saleh Alsulamy College of Engineering, King Khalid University, Abha 61421, Saudi Arabia Dr. Tariq A. Alsahli King Abdulaziz university, College of Engineering (Rabigh Branch ( , Rabigh, Saudi Arabia Abstract— To describe a survey regarding the positive and beneficial outcomes of increased awareness about value management within Saudi construction industry. A quantitative research design is used to identify positive and beneficial outcomes of increased awareness about value management. In this regard, a total of 137 employees were enrolled in the study from 500 construction companies of Saudi Arabia. Data was collected through postal questionnaire comprising of three major aspects; awareness, application and applicability of value management in construction industry. Descriptive statistics using SPSS give numerical results of the data collected. The results have shown that 80% of construction companies seek to achieve value management in construction companies. Furthermore, the results have shown that 70.1% of employees were aware of the applicability of value management at briefing stage while 67.2% employees acknowledge that application of value management improves projects outcome in construction companies. These findings indicate a better understanding of construction companies and employees toward the application of value management for achieving projects outcome in construction projects. The study has concluded that there is an increased level of awareness for benefits and consequences of applying value management in construction companies. Keywords— Briefing Stage; Application; Construction; Value Management; Saudi Arabia I. INTRODUCTION Construction industry plays a major role in Saudi Arabia due to increased production of oil (Alotaibi, Sutrisna & Chong, 2016). However, Saudi Arabia being a developing country requires sound and effective construction companies for sustaining its economic growth. The construction industry is likely to offer different production ways for majority of the industries. Several research have studied the causes of delays in construction projects in Saudi Arabia during last two decades (Falqi, 2004; Albogamy et al. 2013; Al Mobarak et al. 2013). These research have accounted the perspectives of consultants, contractors, and clients explicitly. Poor experience and qualifications have resultant into ineffective planning and scheduling of the project. Similarly, stakeholders and project delays are resultant through inaccurate estimation of tasks and other aspects of construction project (Albogamy et al. 2013). The main reasons for defects in the public projects include; inadequate regulatory frameworks, poor stakeholder management, and financial constraints (Ikediashi, Ogunlana & Alotaibi, 2014). On the other hand, value management is responsible for alleviating constraints within the delivery of projects in Saudi Arabia after scrutinizing the functions for clarifying project objectives and improving cost savings (Al-Gahtani et al., 2015). Value management is defined as an organized and structured team approach, which helps in determining the association between different projects and its outcomes (Soliman & Spooner, 2000). The main aim of value management is to create the best value for project that is based on the achievements of project functions. Value management is likely to provide an analytical and structured process, which helps to increase the value of money and deliver necessary functions (Lin & Shen, 2007). Usually, these functions depend on the required levels of quality that are attained at the lowest overall cost. It tends to utilize the multidisciplinary value team to maximize the functional value of any project through proper management of its International Journal of Engineering Research & Technology (IJERT) ISSN: 2278-0181 http://www.ijert.org IJERTV8IS030045 (This work is licensed under a Creative Commons Attribution 4.0 International License.) Published by : www.ijert.org Vol. 8 Issue 03, March-2019 91