Value Engineering - Essay Example

Comments (0) Cite this document
Value engineering is an explicit and conscious set of disciplined procedures designed to seek the value for the initial and long term investment. It had been widely used in the construction industry for many years. Value engineering is not a design or peer review or a cost cutting exercise, but rather, it is a creative, organized effort, which analyzes the requirements of a given project for the sole purpose of achieving the essential functions at the lowest total costs of capital, staffing, energy and maintenance over the life of the project…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Value Engineering
Read TextPreview

Extract of sample "Value Engineering"

Download file to see previous pages Tremendous benefits are obtained from value engineering. Benefits are derived comes from the start of the planning, design and the actual construction. There is a great potential of verification if the budget is adequate for the developed program.
Value engineering (VE) is defined as "systematic effort that is directed in the analysis of the functional requirements of procedures, systems, equipment, facilities, and supplies for the purpose of achieving the essential function at the lowest total (life cycle) cost consistent with meeting the needed performance, quality, reliability, maintainability, aesthetics, safety and fire resistance" (Kavanagh, 1978). The implementation of value engineering includes the six steps which are (1)information,(2)functional analysis, (3)creative, (4)evaluation,(5) planning/proposal and (6) implementation/follow up (Snodgrass and Kasi, 1986). In the creative step, brainstorming session is involved. Life cycle cost alternatives for the design components are considered.
Value engineering and constructability are two different ways in terms of criteria discussed. However, this does not mean that they are exclusively mutual. Activities within the two processes complement each other in the achievement of their goals. This results in construction optimization, at the same time, achieving lowest life-cycle cost. For example, value engineering would recognize the increased benefit from the early implementation (O'Brian 1976).
In the recent years, the use of total quality management (TQM) has spread from the manufacturing industry to construction. Organizations using TQM are adopting a management philosophy that makes quality a strategic objective for the organization.("Total Quality Management: The Competitive Edge" 1990). The successful application of TQM for contractor and owner organization in Japan, as well as some others in the U.S, and the UK, have increased in the recognition as an effective method to improve quality and productivity. Customer satisfaction and continuous improvement are the two principal objectives of TQM (Burati, 1992). In the construction industry, the parties involved in the project, including the owner, the contractor, and the designer, play the role of customer and supplier of services. The owner supplies the requirements to the designer, then the designer supplies the plans and specifications to the contactor, then the contractor supplies the finished building to the owner (Juran, 1988).
The corporate constructability program(CCP) includes the costs to start-up and maintain a corporate constructability program. The cost elements are written program procedures, computer software and hardware that contain the lessons-learned database, the constructability analysis tools and the corporate constructability coordinator (Russell and Gugel 1993).
The estimated quantitative benefit for each major constructability idea may be totalled for each project and compared to the costs of constructability. This cost/benefit ratio could be a measure of the effectiveness and /or the maturity of the constructabil ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Value Engineering Essay Example | Topics and Well Written Essays - 2750 words”, n.d.)
Retrieved from
(Value Engineering Essay Example | Topics and Well Written Essays - 2750 Words)
“Value Engineering Essay Example | Topics and Well Written Essays - 2750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document



...? Merits and Distinctions: Engineering Problems Tasks -- Part 1 30 words) Protective eyewear is necessary when soldering at all times to protect eyes. Source: Courtesy of Google Images, 2011. Personal Protective Equipment (PPE) laboratories are necessary in order to ensure the safe handling of chemicals. See below. Courtesy: Google Images, 2011. 1.2: (30 words) It is necessary to protect oneself against being unnecessarily harmed by power equipment like an electric drill. Avoidance of toxic chemicals coming into contact with eyes or skin is ideal. 1.3: (30 words) 1. Identify the problem. 2. Find the best solution quickly. 3. Carry out the solution. 4. Get a routine follow-up afterwards. 5. Make sure to check with your...
4 Pages(1000 words)Coursework


... power; however, the creation of the same drastically altered the geography of the land including significant changes and alterations to the biodiversity of the neighbouring areas. The Kariba Lake was located in the tropics and was one of the first projects to be built in the region. It was created by damming of the Zambezi River which flowed between the two countries i.e. Zambia and Zimbabwe in the year 1959. The building of this lake was referred to as an audacious engineering feat since it was created by clearing up a large proportion of the lands leading to displacement of thousands of locals (Gray, 2000:69). Major problems encountered The construction of the Kariba dam brought about significant changes in the area, especially... ...
6 Pages(1500 words)Essay

Value Management/ Value Engineering

...? Value Management /Value Engineering Value Management /Value Engineering Introduction Value management is an organized and structured procedure of team anchored on decision-making.VM focuses at attaining worth for a project or procedure by defining the various components needed to attain value objectives and availing those components at a minimum cost, which are reliable with the anticipated worth and performance. Value management is drawing considerable attention within the United Kingdom building and construction industry. The VM has increasingly become a popular aspect among the...
8 Pages(2000 words)Assignment

Engineering vs. Engineering Technology

...Assignment is due: Engineering vs. Engineering Technology Introduction Usually, when high schoolseniors are graduating, they often consider various fields in which to pursue their careers. In the field of engineering, there are many courses that present students with predicaments when choosing the course to pursue. Usually, one such predicament is created by the difference between engineering and engineering technology. Engineering can be described as science-oriented, stressing mathematics, involving engineering design, natural and engineering science and the development of engineering...
4 Pages(1000 words)Research Paper

The value of Civil Engineering to the world

...The Value of Civil Engineering to the World Civil Engineering is a much applauded form of engineering that has been playing its due part at building bridges, constructing roads, canals, developing infrastructure and so on. Civil Engineering is a subset of the professional engineering domains which deals within the design, construction as well as the maintenance regimes of the built environments – which could either by the natural environments or the physical ones. Civil Engineering has received a great deal of attention for the last few years since the civil engineers have been at the helm of producing...
4 Pages(1000 words)Essay

The Application of Value Engineering in the Saudi Construction Industry

...Literature Review: The Application of Value Engineering in the Saudi Construction Industry By Candi s FACULTY OF ENGINEERING AND CONSTRUCTION Copyright Abstract In addition to deciding about the best design alternatives for projects, processes, products or services, the use of value engineering reduces costs for existing projects, products, processes or services. Thus, value engineering is important for the construction industry because clients want superior value at competitive cost, especially when market conditions are difficult, and it is not easy to find funds for construction projects. The Saudi...
28 Pages(7000 words)Essay


...relative to automobile development. Germany became the source of automobile technology back in the 1870s when the first four-stroke internal combustion engine was created by Nicolaus Otto (Cross & Szostak, 2004). What followed were progressive improvements to this engine and automobiles in general. The process finally ushered in the electric ignition that saw the emergence of a revolutionized transport sector. Automobiles for private and public use emerged, allowing people to move from one place to another with ease. Automobile development changed the social face of the world. What essentially began as a simple invention in Germany quickly spread all over the world, changing the manner in which transport...
2 Pages(500 words)Essay

Engineering/Value Analysis

...Value Engineering and Value Analysis Value implies maintenance of quality and performance with reduced cost. Value combines price,efficiency, quality and service to ensure economy and customer satisfaction. It follows, therefore, that value engineering, is a systematic process that includes analysis of the functions of products and process in order to achieve the functions of reducing cost while at the same time maintaining value. Younker (2003) says that value engineering seeks to retain crucial elements of product functions such as quality, reliability and...
1 Pages(250 words)Coursework

Combining risk assessment and value engineering (this is project risk management class)

...COMBINING RISK ASSESSMENT AND VALUE ENGINEERING 2: Combining Risk Assessment and Value Engineering The combination of risk assessment and value engineering is of particular importance in ensuring that the benefits of value and risk management are both best delivered in the management of projects. For value engineering to improve the overall value of the project, risk management must be considered to produce a balanced outcome (Boadi, Kennedy and Couture, 2015). An explicit reference to risk assessment at the early stages of a project ensures that the potential risks are understood, and targets identified through enhanced brainstorming. Value engineering is an important technique that helps in the identification and elimination... of...
5 Pages(1250 words)Essay

Value Management and Value Engineering

...«Value Management and Value Engineering» Description of the project: The project proponent is SBE innovations, a partnership between a private developer and the public sector local authority. The project contemplated is a mixed-use recreation and commercial centre. Located in a suburban location, the project aims to stimulate development and enhance community life. The local authority aims to enhance the health, wellbeing and quality of life of the community, while the private sector partner seeks to earn a modest though comparable rate of return on its investment. Assumptions: There are several alternative features or elements that are being considered for the project. The...
15 Pages(3750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Value Engineering for FREE!

Contact Us