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Application of Value Engineering in Residential Building
Subject area: Science,Engineering and Technology · Area of research: Civil Engineering
Abstract
Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. The current economic conditions have entailed the use of rational method and techniques and research and application of new techniques by utilizing advancements in technology in the field of production as well as in every field. Excess cost control requires to be maintained throughout the project life of building beginning from the initial stages of design. Scrutinizing the project well and considering all possible alternatives particularly in design stage are important for achieving optimum cost. In this study, how the principles of VE are applied in construction projects are going to explain, and by covering construction of a structural building as the sample project, practices of VE in this project are planned to describe. The satisfactory results of time and cost saving are planned to achieve by applying value engineering principles through the VE project preparation phase and project revision phase, using FAST diagram.
Keywords
Value Engineering, Optimum Cost, Function, FAST diagram
References
[1] Walaa YounesEl-Nashar, Ahmed HussienElyamany, (2018):” Value engineering for canal tail irrigation water problem”, Volume 9, Issue 4.
[2] Renata Schneiderova Heralova (2016):"Possibility of Using Value Engineering in Highway Projects”, Volume 164, Pages 362-367.
[3] R.Vijayan, T.ThankaGeetha, B.Nishanth, M.Tamilarasan, V.VijayaKumar (2019):”Value engineering and value analysis of rearair spring bracket”, Volume 16, Part 2, Pages 1075-1082.
[4] Putri Arumsari, Ricco Tanachi (2018):” Value engineering application in a high-rise building (Case study in Bali)”, International Journal of Innovative Research in Advanced Engineering (IJIRAE), Volume 1.
[5] WeiTongChen,Po-YiChang,Ying-HuaHuang (2010):” Assessing the overall performance of value engineering workshops for construction projects”, Volume 28, Issue 5, Pages 514-527.
[6] Senay Atabay and Niyazi Galipogullar (2013):” Application of value engineering in construction Projects”, Journal of Traffic and Transportation Engineering, Volume 1.
[7] Akintola Omigbodun, (2001):” Value Engineering and Optimal Building Projects”, Journal of Architectural Engineering
[8] Xueging Zhang, Xiaoming Mao, Simaan M.AbouRizk (2009):” Developing a knowledge management system for improved value engineering practices in the construction industry”, Volume 18, Issue 6, Pages 777-789.
How to cite this paper
@article{1705356,
author = {Abhishek Marathe, Prof Ashish Waghmare},
title = {Application of Value Engineering in Residential Building},
journal = {Iconic Research And Engineering Journals},
year = {2024},
volume = {7},
number = {7},
pages = {530-533},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1705356.pdf},
abstract = {Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. The current economic conditions have entailed the use of rational method and techniques and research and application of new techniques by utilizing advancements in technology in the field of production as well as in every field. Excess cost control requires to be maintained throughout the project life of building beginning from the initial stages of design. Scrutinizing the project well and considering all possible alternatives particularly in design stage are important for achieving optimum cost. In this study, how the principles of VE are applied in construction projects are going to explain, and by covering construction of a structural building as the sample project, practices of VE in this project are planned to describe. The satisfactory results of time and cost saving are planned to achieve by applying value engineering principles through the VE project preparation phase and project revision phase, using FAST diagram.},
keywords = {Value Engineering, Optimum Cost, Function, FAST diagram},
month = {January},
}