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ABSTRACT
This project deals with saving money and, at the same time, providing better value is a concept that everyone can support. The benefits of spreading our invested rupee, building more for less money, increasing efficiency and cutting down our dependency on energy-intensive buildings and plant facilities need to be recognized today and pursued in the future. Value Engineering (VE) is not just “good engineering”, it is not a suggestion program or a routine plan review, but it is a new, fresh look at problems starting from basic functional requirements – an independent approach to the project.
Keeping the costs low with traditional cost management has been a commonly applied measure to improve competitiveness. However, keeping cost down alone is not enough; there is an increasing need for not just efficiency but also for effectiveness. No matter how efficiently a product or service is provided, it will not be successful unless it is wanted, i.e. it is effective. VE is thus arguably of greater importance than cost management efforts.
VALUE ENGINEERING
DEFINITION
This elucidates the concept of value engineering bringing to light that value is added to the project not by replacing with a cheaper material but by using a more economical, functional much better life cycle cost.
What is Value Engineering?
There is ample number of definition for the concept of Value Engineering. Essentially Value Engineering is;
• System Oriented – a formal job plan to identify and remove unnecessary costs.
• Multidisciplinary Team Approach – teams of experienced designers & Value Engineering consultants.
• Life Cycle Oriented – examines the total cost of owning and operating a facility.
• A Proven Management Technique.
• Function oriented – relates function required to the value received.
REASONS FOR POOR VALUE
There are various parameters that affect the smooth and effective functioning of Value Engineering. Below are a few of them, which are of most importance:
• Lack of information
• Habitual thinking
• Risk of personal loss
• Time pressures
• Negative attitudes
• Rapidly changing Technology
• Strict adherence to requirements
• Poor human relations
WORKING MECHANISM OF VALUE ENGINEERING STUDY
The systematic approach is the JOB PLAN. During the 5 basic steps in the job plan, being the informative phase, speculation phase. Judgment phase, development phase, recommendation phase, the plan goes though scrutiny and the best possible solution is arrived at.
Specific value engineering project plan features
I. All plans should contain the following minimal essential features.
II. Description of the objectives and scope of the projects in enough details to assure direction of the study.
III. Goals for the study and establishment of both an estimated savings target and realistic projects study cost.
IV. Selection of team members with a variety of work skills and experience to conduct the project.
V. Designation of the project leader and team members by name.
VI. Time limitations for completion of each phase of the value engineering job plan.
VII. Establishment of a target date for formal presentation of project results.
OBJECTIVE OF STUDY
There is always a scope to improve value, interns of materials value or the worth. The main objective is to provide all necessary functions at a lowest cost. It also includes:
• To study for viable alternatives that can improve the value of the structure.
• To understand and compare the cost saving attained after conducting value engineering study with that of conventional one.
• Recommendation of best alternatives to the organization of case study.
• Experimental investigation on temperature variation inside the rooms.
• Recommending the case which most energy efficient.
LITERATURE REVIEW
Explanation:
Value engineering (VE) frequently is applied to construction projects for better project scope recognition and for elimination of unnecessary cost without affecting the functional requirements of individual components of constructed facilities. A critical phase in the application of value engineering is the evaluation of generated alternatives based on the defined criteria for that purpose. Limited work has been carried out for the automation of this process yet without adequate visualization for the components being considered. This paper presents an automated model for design professionals, owners, and members of VE teams to evaluate and compare different design alternatives of project components using multi-attributed criteria, as well as integrating that model with visualization capabilities to assist designers and stakeholders in making related decisions. The analytic hierarchy process (AHP) is used to develop a multi-attributed decision support model for evaluating competing alternatives. The model is then integrated with BIM to provide visualization capabilities and assist in cost estimating of the project components being considered. A prototype model that integrates the project BIM with RS Means cost data and AHP has been developed. The model has been applied to a case project and evaluates and ranks generated alternatives in its output report.
Explanation:
Value engineering (VE) frequently is applied to construction projects for better project scope recognition and for elimination of unnecessary cost without affecting the functional requirements of individual components of constructed facilities. A critical phase in the application of value engineering is the evaluation of generated alternatives based on the defined criteria for that purpose. Limited work has been carried out for the automation of this process yet without adequate visualization for the components being considered. This paper presents an automated model for design professionals, owners, and members of VE teams to evaluate and compare different design alternatives of project components using multi-attributed criteria, as well as integrating that model with visualization capabilities to assist designers and