Value management has attracted a lot of attention in developing countries such as Egypt due to the massive gains seen with this entirely accepted theory in advanced countries. This paper aims to explore the current status of implementing value management methods, tools, and techniques in the Egyptian construction industry. It also explores the barriers of implementing value management in Egyptian construction projects. A questionnaire survey as a quantitative approach was conducted after gathering data from the literature. In many companies in Egypt, data were collected from a sample of 152 project managers and project management teams. By using "frequency analysis" as descriptive statistics, it was concluded that the current status of implementing value management is at a low level due to some barriers in the Egyptian construction sector. This study will help project managers and project management teams to enhance the implementation of value management in construction projects in Egypt.