VALUE ENGINEEING A COST-EFFECTIVE APPROACH

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

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{179965,
        author = {Md Owais Pallan and MOHAMMED JALALUDDIN and DR KHAJA FAREED UDDIN},
        title = {VALUE ENGINEEING A COST-EFFECTIVE APPROACH},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {12},
        pages = {9107-9112},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=179965},
        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.},
        keywords = {Value Engineering, Job Plan Techniques, Cost Optimization, Quality Enhancement, Value Analysis.},
        month = {May},
        }

Cite This Article

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

VALUE ENGINEEING A COST-EFFECTIVE APPROACH

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