VM History

Value Management originated in the United States emerging resulted from components and materials shortage in the manufacturing sector during World War Two. Mr. Lawrence Miles (The Founder of Value Management, then known as Value Analysis) of The General Electric Company was greatly responsible for the establishment of the technique in 1942 and since then the technique is very much accepted in various industries. Presently United States Government and many other nations such as United Kingdom, Japan, Korea, Australia, Saudi Arabia amongst others adopt Value Management technique to be applied for their Capital work projects.

In Malaysia, to the best of Author’s knowledge, Value Management was formally introduced in 1986 by Assoc. Professor Roy Barton from Canberra University, Australia to the Quantity Surveying Department in the Universiti Teknologi Malaysia (UTM). Dr. Mohd Mazlan was privileged to be one of the participants in that Value Management training program.

Dr. Mohd Mazlan, who then made a study visit to Australia in the year 1990 in order to take a closer look into the Value Management Methodology and its implementation process under the sponsorship of the Commonwealth Science Council.

During the year of 1999, the first National Seminar on Value Management was organized by IKRAM, JKR, officiated by Tun Daim Zainudin, then Minister of Finance Malaysia. In his opening speech, he strongly suggested the industry to take up Value Management on board due to the benefits offered by the concept. (Dr. Mohd Mazlan was the only speaker for the two day seminar).

Value Management subject was taught at some of the major public universities such as Housing, Building and Planning, Universiti Sains Malaysia (USM), 1991, Department of Quantity Surveying, Universiti Teknologi Malaysia (UTM), 1993/1994, Universiti Malaya (UM), 1996, The Faculty of Architecture, Planning and Surveying, Universiti Teknologi MARA (UiTM), 1997, Universiti Islam Antarabangsa (UIA), 2000, Polytechnic, 2003 among others and other Private Institutions.

Due to the positive response from the construction and manufacturing industries, in May 2000, the Institute of Value Management of Malaysia (IVMM) was registered and formalized with 20 founding members. Currently the membership of the Institute has grown to over 200 members.

On 8th March 2010, Dr. Mohd Mazlan was invited by Economic Planning Unit of Prime Minister’s Department to present and brief the National Economic Council chaired by YAB Prime Minister of Malaysia together with other senior ministers on the application of Value Management and the success stories of it. The Prime Minister then declared the Value Management as one of the supporting pillars for the nation on the following day during MAPPAXI.