VALUE ENGINEEING A COST-EFFECTIVE APPROACH

Md Owais Pallan; MOHAMMED JALALUDDIN; DR KHAJA FAREED UDDIN

VALUE ENGINEEING A COST-EFFECTIVE APPROACH

Authors: Md Owais Pallan, MOHAMMED JALALUDDIN, DR KHAJA FAREED UDDIN

Unique Paper ID: 179965
Volume: 11
Issue: 12
PageNo: 9107-9112

Keywords: Value Engineering Job Plan Techniques Cost Optimization Quality Enhancement Value Analysis.

Abstract:
Value Engineering (VE) is a systematic and innovative methodology used to enhance the overall value of a project by achieving an optimal balance between function, quality, and cost. It focuses on ensuring that each component of a project performs its intended function efficiently, without incurring unnecessary expenses. For example, in the context of constructing a house, VE would involve a multidisciplinary team—comprising architects, engineers, and cost analysts—collaborating to deliver a design that meets performance standards while staying within budget. This is achieved through structured brainstorming sessions, where team members explore alternative materials, methods, or layouts that offer improved performance and cost-effectiveness. The primary aim is not to reduce costs at the expense of quality, but to identify smarter, value-driven solutions that meet project goals. VE emphasizes long-term benefits by examining elements such as construction techniques, material choices, and maintenance requirements. It’s about making intelligent decisions that enhance value rather than merely reducing expenditures.

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Cite This Article

ISSN: 2349-6002
Volume: 11
Issue: 12
PageNo: 9107-9112

VALUE ENGINEEING A COST-EFFECTIVE APPROACH

Available:https://ijirt.org/Article?manuscript=179965

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