Value Engineering - Essay Example

Only on StudentShare

Extract of sample
Value Engineering

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. ...
Download paper


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…
Author : kaleb57

Related Essays

Research Report for the Business development in the engineering sector
This calls for acute understanding of the customer expectations. Research shows that the mastery of technological and scientific disciplines is not enough to deal with the market dynamics of a technologically driven economy. There have been profound implications in the technologically driven global economy. Developing business in the sector requires engineers capable of working in different cultures and with knowledge on the dynamics of the global markets. The distinction between collaboration and competition in the sector continues to blur. Therefore, new perspectives must be developed to...
6 pages (1506 words) Research Paper
Civil Engineering Master Essay
Project size can range from small to medium and the type could be large scale creation and type of built environment for example regeneration.
16 pages (4016 words) Essay
Cost Reduction and Management of an Organization
Today, cost reduction as well as management happens to be the most essential thing for any organization. An organized endeavor which is intended to analyze the systems, practices, procedures, products and specifications for satisfaction of necessary functions at lowest possible cost of ownership is to be designed. This integrated effort is to be taken keeping the expected performance, quality, reliability as well as maintainability is mind.
4 pages (1004 words) Essay
Integrated Engineering Business Project
Starting a consultancy agency is not a very easy task. A person can become a consultant in a field of his own interest but he must be fully qualified to do so. It is necessary for him to have undergone training in an institute, (In India, the National Productivity Council, for example). A certificate issued by such an institute will make one a person a consultant. Experience, professional knowledge and interest in a specific area are some of the necessary things to start a consultancy agency. In recent years, consulting has been an important term in business. As many big companies have grown...
63 pages (15813 words) Coursework
Management Portfolio in Civil Engineering
Civil Engineering Projects are executed to achieve specific objectives that are the cause & means of socio-economical & environmental changes. Thus the project management of a civil engineering project need to play the role of social change agents comprising of immense managerial qualities like being futuristic, resilient, optimistic, tenacious, committed, passionate, patient, emotionally intelligent, assertive, persuasive, empathetic, ethical, competent, experienced, etc. In the role of change Agentry the project management should be able to:
16 pages (4016 words) Essay
Engineering Management
The ledge must always balance at all times. There are basics to know when making cashbook entries. The assets increase with a debit and decreases with credit .The revenues and the liabilities decrease with a debit and increases with a credit. Finally , the expenses are increased with a debit and decreases with a credit. Accounting is always subject to interpretation, opinion and consistency.
11 pages (2761 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!