INTRODUCTION TO HKIVM

The Hong Kong Institute of Value Management (HKIVM)

The Hong Kong Institute of Value Management (HKIVM) was formally established in 1995. HKIVM is a non-profit making organisation dedicated to the promotion of the use of Value Management in Hong Kong.. 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 12 years, the HKIVM has hosted eight 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.

HKIVM's AIMS:

  • To create an awareness in the community of the benefits to be derived from the application of Value Management in Hong Kong.

  • To encourage the use of the Value Management process by sponsors.

  • To establish and maintain standards of Value Management practice in Hong Kong.

  • To contribute to the dissemination of the knowledge and skills of Value Management.

  • To establish an identity for the Institute within Hong Kong and overseas.

  • To encourage research and development of Value Management with particular emphasis on developing new applications of the process.

  • To encourage and assist in the education of individuals and organisations in Value Management in Hong Kong.

  • To establish and maintain a Code of Conduct for practitioners of Value Management in Hong Kong.

  • To attract membership of the Institute to support these objectives