WHAT IS VALUE ENGINEERING IN CONSTRUCTION?

Introduction to Value Engineering

Value engineering enhances project value by finding cost-effective alternatives without compromising quality or functionality.

Definition and Benefits of Value Engineering

Value engineering is a systematic method to improve project value by analyzing and optimizing components to reduce costs and improve quality.

Factors Considered During Value Engineering

Key factors include cost, function, longevity, and lead time.

Steps of the Value Engineering Method

The process involves information gathering, functional analysis, creativity, evaluation, development, and presentation.

Conclusion

Value engineering increases project value by considering essential factors and following a structured process for better outcomes.

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