Evaluating the Current Situation of VM in Saudi Arabia

Is to discuss the Value management (VM) methodology in Saudi Arabia to figure out the situation of VM, and evaluating the current situation of VM in Saudi Arabia, measuring the awareness of VM and its applications in both public and private sector, identifying the challenges and obstacles of the implementation VM studies worldwide and specially in Saudi Arabia. Methods: The researchers used two methods to reach the objective of the research, at first the literatures were reviewed, and the second method is spreading a questionnaire survey consist of 29 questions from the perspective of public and private sector started by the first part about the personal information, the second part is general information about the projects, the third part concerns with the general information about Value management and the final and the fourth part is the expert part. Findings: The researchers found that most of the engineer have the minimum required knowledge about value management but rarely any organization apply VM studies to their projects as the MoF resolution of applying VM for the project which exceed (20) Million Riyals. Novelty: After evaluating the current situation of value management in Saudi Arabia by the researchers. Five important recommendations were produced in order to increase the efficiency of value management within the projects and gaining its maximum benefits