DEVELOPING A VALUE ENGINEERING MODEL FOR A STATE-OWNED ENTERPRISE

• Sudeish Sewdayal Engineering Design Office, Transnet National Ports Authority, Transnet, South Africa https://orcid.org/0009-0009-7786-6906
• Rene Pellissier Regional leadership and management programmes, Cape Higher Education Consortium, Cape Town, South Africa https://orcid.org/0000-0001-5275-2261

DOI:

https://doi.org/10.7166/35-1-2972

Abstract

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.