Deploying Value Engineering Strategies for Ameliorating Construction Project Management Performance: A Delphi-SWARA Study Approach

Abstract

This study was carried out to rank and prioritize the aspects that have been shown to have an impact on the improvement of construction project management (CPM) performance based on value engineering. This analysis was carried out with the Iranian construction industry’s current situation in mind. The respondents and the Delphi panel were chosen from among Iranian managers and project management professionals with a focus on building projects. These professionals had more than 20 years of experience working on international projects, and in addition to their expertise in project management, they also understood the principles of earned value analysis and value engineering. Thus, the components extracted from the literature review were used as the basis for designing a structured interview based on 39 important effective components previously determined as identified factors. The questionnaires were distributed among the experts, and the returned questionnaires were analysed using the SWARA technique to rank the weight and importance of the factors. Using the SWARA method, the opinions of the expert panel members consisting of 20 engineers and a semi-structured questionnaire was used to gather expertise in project management and managers, with a focus on Iranian CPM. As shown by the results, stakeholder management, time value of money, and worth, allocated the first to the third rank to themselves with respective weights of 0.104, 0.103, and 0.087. The sub-criteria of cost objective, function objective, and value objective were in the 37th to 39th ranks with respective weights of 0.00050, 0.00033, and 0.00021.