05-11-2014, 11:24 AM
Abstracts: There is a construction boom in India both in the private sector and public sector. It is a fact that if good value engineering thinking or concepts is applied on a design (e.g. road, bridge, building etc) then the initial cost can be saved without impacting the functionality, quality or reliability of design. Value engineering is very useful in construction industry as it is a value enhancement exercise. There is a desperate need in India for the application of value engineering more so in those projects where public money is spent. A penny saved is a penny earned. While savings helps if the client, value engineering also helps the customers as they are given better functions. It is definitely adding to the overall value. Value engineering is very useful in construction industry as it is a value enhancement exercise. In this project we will know how to cut waste in form of unnecessary design elements or by optimizing materials, methods etc. thereby optimizing the cost. The study is carried out in sequence of literature study, selection of project, data collection, analysis of data collected and then recommendation and conclusion. By analyzing the design & concepts of the project then applying value engineering and arrive at recommendations, in this process we will learn application of value engineering