| Summary: | Value management (VM) is a structured and logical practice meant to pursue a value of money in every necessary purpose levels of quality and performance. These important elements (time, cost and quality) will be optimally balance as VM application is focusing on value rather than cost. Therefore adopting VM approach in industrialized building system (IBS) will ensure value for money projects delivered to the client. This research has established the VM framework for implementation in IBS project by investigating the perception and understanding of VM, studies the critical elements and Using BIM tools to show the factors that affecting the Value Management. At the present time, construction industry is lacking information concerning predefined value management which can be used by building information system (BIM). Thirteen factors which have a main influence on the performance from VM studies in construction are recognized through the literature review. In addition the study also indicated that the project viability issues must be addressed accordingly at the strategic level before being implemented and also should be carry out as early as possible to maximize the benefits VM. To support the successful of VM implementation in IBS projects, focus need to be given on the relationship with the clients. Founded on these aspects, is to prioritize the IBS value management with reference to BIM principals as much as possible to ensure the success of IBS for the construction.
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