VALUE ENGINEERING
Value Engineering (VE) is a systematic and organized approach used in construction projects to maximize the overall value of a project by identifying and eliminating unnecessary costs while maintaining or improving the desired quality, performance, and functionality of the project.
It's a method for achieving the most cost-effective design and construction solutions without compromising on project objectives.
OUR METHODOLOGY
Project Scope Definition
- Clearly define the scope of the construction project, including its size, complexity, and specific requirements
Project Information Gathering
- Collects all relevant information about the construction project. This includes project specifications, plans, drawings, cost estimates, schedules, and any other relevant documents. .
- Review the project's scope, goals, and constraints
Function Analysis
- Identify and define the essential functions or purposes (project's core objectives) that the construction project must fulfill.
- Evaluate each function in terms of its importance, cost, and feasibility to determine the ones offering the most significant opportunity for improvement
Idea Generation & Evaluation
- Generate creative ideas and alternatives for achieving the project's functions more efficiently.
- Screen and evaluate generated ideas based on criteria based on various criteria, such as cost, feasibility, impact on project objectives, and potential risks.
- Conduct in-depth analysis, including cost-benefit analysis and risk assessment on the selected ideas to determine alternatives offering the best value in terms of cost savings and performance improvement.
Proposal Development and Implementation Plan
- Develop chosen alternatives into concrete proposals. This may involve revising project plans, adjusting design specifications , exploring new materials, or adopting different construction methods.
- Outline a plan including timeline, responsibilities, and resource allocation for implementing approved proposals.
Documentation and Reporting
- Document all decisions, including the selected alternatives and the rationale behind them
- Clarify the potential benefits and impacts of the proposed changes in the report
Approval and Implementation
- Present proposals to the Client and obtain Client's approval.
- Incorporate approved proposals, which may involve adjustments to the design, construction methods, and project management processes, into the project.
- Monitors the implementation of the proposed changes to ensure they are carried out as intended throughout the construction phase.