Abstract

SEWDAYAL, S.  and  PELLISSIER, R.. Developing a value engineering model for a state-owned enterprise. S. Afr. J. Ind. Eng. [online]. 2024, vol.35, n.1, pp.20-30. ISSN 2224-7890.  http://dx.doi.org/10.7166/35-1-2972.

In this study, a value engineering model for state-owned enterprises was developed using a mixed-method approach, focusing on a South African state-owned enterprise. Key findings highlighted that strong management support, a supportive value engineering culture, an effective value engineering methodology, and an efficient value engineering team are vital enablers for successful value engineering implementation in state-owned enterprises. The study further emphasised the importance of recognising differences between state-owned enterprises and private organisations, as they require tailored value engineering approaches. In addition, the research explored factors influencing value engineering success, identified state-owned enterprise specific barriers, and provided recommendations. These findings offer unique insights into state-owned enterprises, aiding decision-makers, managers, and practitioners. Applying the model and recommendations can enhance state-owned enterprise performance, efficiency, and value realisation.

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