2015 : Value Management Perception by Practitioners in Real Estate Development Process

Ir. Purwanita Setijanti M.Sc., Ph.D.


The application of a method in real estate development process is needed in order to ensure the project runs smoothly. There are methods that can increase the value of the project and even discard the unnecessary cost of the project called value management. Many practitioners of real estate development in Surabaya claim that they always apply value management method. However, based on empirical data, it is known that not much research of value management in Surabaya.The purpose of this paper is to determine how the application of value management by practitioners of real estate development in Surabaya and how their perspective is about value management. Statistic descriptive analysis is used to achieve the research objectives. Results of research in this paper are the level of application of practitioners in Surabaya on value management and their perception of value management based on their position in their real estate development process.