The Hong Kong Institute
of Value Management (HKIVM) was formally established
in 1995 and
the Hong Kong Institute of Surveyors (HKIS) in 1984.
Value Management (VM) as a philosophy, together with
its associated tools and techniques, emphasizes the need
to consider function and cost in a structured and systematic
way, as part of any strategic decision process. Over
the past 10 years, the HKIVM has hosted six international
conferences, conducted a number of value training workshops,
its members have conducted hundreds of highly successful
VM studies for both public and private construction industry
clients and regularly published the ‘Value Manager’ journal.
Since 1998, the Hong Kong Special Administrative Region
Government (HKSARG) has further recognized the importance
of expert VM facilitation to achieve ‘best value’ on
major government construction projects and seeks
advice from the HKIVM on compiling its own lists
facilitators (all of whom are HKIVM members).
It is a long and never-ending journey to run, maintain
and upgrade value standards both locally and globally
and so far the effort has proved very successful in
the Hong Kong construction sector. Now is the time
for us to share our experiences and impart our valuable
knowledge to other industries and sectors that can
benefit from VM.
So come and join us in 2005 and celebrate our 10th
anniversary and our VM success story so far, together
with other value-minded clients, practitioners and
academics from around the globe.