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Achieving Sustainable Value Planning For Malaysian Public Projects

Sustainability is the central development issue in the modern economy. Through sustainable development, quality of life can be improved or maintained over time. Since Malaysia is targeting to become a high-income nation by the year 2020, financial investment in public projects should be planned co...

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Main Authors: Muhammad, Faudzi, Mahbub, Rohana, Nawawi, Abdul Hadi, Zainul Abidin, Nazirah
Format: Article
Language:English
Published: EDP Sciences 2016
Subjects:
TH1-9745 Building construction
Online Access:http://eprints.usm.my/38240/1/Achieving_Sustainable_Value_Planning_For_Malaysian_Public_Projects.pdf
http://eprints.usm.my/38240/
https://doi.org/10.1051/matecconf/20166600011
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spelling my.usm.eprints.38240 http://eprints.usm.my/38240/ Achieving Sustainable Value Planning For Malaysian Public Projects Muhammad, Faudzi Mahbub, Rohana Nawawi, Abdul Hadi Zainul Abidin, Nazirah TH1-9745 Building construction Sustainability is the central development issue in the modern economy. Through sustainable development, quality of life can be improved or maintained over time. Since Malaysia is targeting to become a high-income nation by the year 2020, financial investment in public projects should be planned comprehensively so that it will generate immediate and long-term benefits to the country and the people. Within the currently tight financial environment, achieving value for money in public spending is seen as one of the enablers to maintain the right momentum of economic growth. Previous studies have established the importance of integrating sustainability consideration into Value Planning protocol in order to achieve value for money, underpinned by the sustainable development agenda. Despite the establishment of the framework for the integration, the opportunity of such integration within the Malaysian Value Planning protocol for public projects remains unclear. The present state of sustainability consideration within the Value Planning practice should be first evaluated, so that potential interventions to enhance the integration can be introduced. Responding to the gap, this exploratory study was conducted. The data was collected by means of document analysis, interviews and observations; subsequently analysed using the Template Analysis technique. Based on the current practice of Value Planning in Malaysia, ten interventions are proposed to transform the present practice into Sustainable Value Planning. Sustainable Value Planning is seen as a comprehensive concept in achieving value for money in public spending underpinned by the overarching concept of sustainability EDP Sciences 2016 Article PeerReviewed application/pdf en http://eprints.usm.my/38240/1/Achieving_Sustainable_Value_Planning_For_Malaysian_Public_Projects.pdf Muhammad, Faudzi and Mahbub, Rohana and Nawawi, Abdul Hadi and Zainul Abidin, Nazirah (2016) Achieving Sustainable Value Planning For Malaysian Public Projects. MATEC Web of Conferences, 66 (00011). pp. 1-8. ISSN 2261-236X https://doi.org/10.1051/matecconf/20166600011
institution Universiti Sains Malaysia
building Hamzah Sendut Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Sains Malaysia
content_source USM Institutional Repository
url_provider http://eprints.usm.my/
language English
topic TH1-9745 Building construction
spellingShingle TH1-9745 Building construction
Muhammad, Faudzi
Mahbub, Rohana
Nawawi, Abdul Hadi
Zainul Abidin, Nazirah
Achieving Sustainable Value Planning For Malaysian Public Projects
description Sustainability is the central development issue in the modern economy. Through sustainable development, quality of life can be improved or maintained over time. Since Malaysia is targeting to become a high-income nation by the year 2020, financial investment in public projects should be planned comprehensively so that it will generate immediate and long-term benefits to the country and the people. Within the currently tight financial environment, achieving value for money in public spending is seen as one of the enablers to maintain the right momentum of economic growth. Previous studies have established the importance of integrating sustainability consideration into Value Planning protocol in order to achieve value for money, underpinned by the sustainable development agenda. Despite the establishment of the framework for the integration, the opportunity of such integration within the Malaysian Value Planning protocol for public projects remains unclear. The present state of sustainability consideration within the Value Planning practice should be first evaluated, so that potential interventions to enhance the integration can be introduced. Responding to the gap, this exploratory study was conducted. The data was collected by means of document analysis, interviews and observations; subsequently analysed using the Template Analysis technique. Based on the current practice of Value Planning in Malaysia, ten interventions are proposed to transform the present practice into Sustainable Value Planning. Sustainable Value Planning is seen as a comprehensive concept in achieving value for money in public spending underpinned by the overarching concept of sustainability
format Article
author Muhammad, Faudzi
Mahbub, Rohana
Nawawi, Abdul Hadi
Zainul Abidin, Nazirah
author_facet Muhammad, Faudzi
Mahbub, Rohana
Nawawi, Abdul Hadi
Zainul Abidin, Nazirah
author_sort Muhammad, Faudzi
title Achieving Sustainable Value Planning For Malaysian Public Projects
title_short Achieving Sustainable Value Planning For Malaysian Public Projects
title_full Achieving Sustainable Value Planning For Malaysian Public Projects
title_fullStr Achieving Sustainable Value Planning For Malaysian Public Projects
title_full_unstemmed Achieving Sustainable Value Planning For Malaysian Public Projects
title_sort achieving sustainable value planning for malaysian public projects
publisher EDP Sciences
publishDate 2016
url http://eprints.usm.my/38240/1/Achieving_Sustainable_Value_Planning_For_Malaysian_Public_Projects.pdf
http://eprints.usm.my/38240/
https://doi.org/10.1051/matecconf/20166600011
_version_ 1643709299976830976
score 13.211869

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