Book Review: Panduan Pelaksanaan Pengurusan Nilai Dalam Projek Kerajaan or Guidance on the Implementation of Value Management for Public Projects

Abstract

The Government of Malaysia, on the 29th of December 2009, issued a circular requiring its agencies to implement Value Management or Pengurusan Nilai in the procurement of public projects and facilities. The directive covers all programmes and projects valued at RM50.0 million and above, both physical and non-physical.

The sole purpose of the book or perhaps it should be referred to as guidebook is therefore to provide guidance on how Value Management (VM) should be implemented when procuring public projects and facilities. It is the works of 31 experts, drawn from various government departments, private firms and organizations and institutions of higher learning. The Value Management Section of the Prime Minister’s Department acts as Secretariat. In the book, the concept of VM is defined as an approach – multi-disciplinary, systematic and innovative in nature – that is to be applied when examining the functional needs of a programme, design, product, services, project, facility and system in order to achieve better and higher value and at optimum cost but without affecting the performance of the said programme or project.