Value management in construction projects: Insights from recent research and bibliometric analysis

Abstract

Research in Value Management (VM) in construction projects has increased significantly, particularly as the construction sector encounters complex projects and resource constraints. The current bibliometric study aims to analyze the evolution, trends, and global research landscape of VM application in construction projects from 2010 to 2025. The study employed VOSviewer to examine collaboration links among authors, countries, universities, and keywords, identifying five primary clusters. A total of 449 articles related to value management in construction projects, sourced from the SCOPUS database, were analyzed using bibliometric methods. Results show that nearly 50% of publications occurred in the last five years, indicating a rising interest among researchers in this field. The most influential journals publishing papers on value management include the Journal of Construction Engineering and Management, Buildings, and Construction and Architectural Management. Malaysia emerged as the leading country in publication volume, with 52 papers, and the Federal University of Technology, Akure ranked highest in publication count. The keywords Value Management and Project Management are the most frequently used, reflecting current primary research directions and their increasing importance in recent years. This study offers valuable insights for policymakers and researchers to develop effective strategies for the future application of value management in construction projects.