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Application of Value Engineering in Construction Project: Case Study on Residential Project in Ahmedabad

Author(s):

Darshan Parakhiya , IITE, Indus University, Ahmedabad; Prof. Jitendra Patel, IITE, Indus University, Ahmedabad

Keywords:

Value Engineering, Value Management, Construction Cost and Construction Materials

Abstract

saving money and, at the same time, providing better value is a concept that everyone can support. The benefits of spreading our invested rupee, building more for less money, increasing efficiency and cutting down our dependency on energy-intensive buildings and plant facilities need to be recognized today and pursued in the future. Value Engineering (VE) is not just “good engineering”, it is not a suggestion program or a routine plan review, but it is a new, fresh look at problems starting from basic functional requirements – an independent approach to the project. The paper discussed the concept of Value Engineering, its job plan and the analytically effective implementation of Value engineering concept through a different Study and its efforts have been put into the government construction project site. The material is chosen such that the cost is reduced without affecting the quality of the product and environment (Environment friendly materials). The best feasible solution from the available alternatives is chosen through the cost model and materials ranking. Through the application of Value Engineering profits are maximized without hindering the reliability of the product. With the effective utilization of the technique the final outcomes comes out to be a successful showcase of value engineering.

Other Details

Paper ID: IJSRDV5I21756
Published in: Volume : 5, Issue : 2
Publication Date: 01/05/2017
Page(s): 1890-1894

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