Value Engineering (Ve) Is A Systematic Method To Improve

Value engineering (VE) is a systematic method to improve the value of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced because of pursuing value improvements (https://en.wikipedia.org/wiki/Value_engineering) VE is an organized/systematic approach aimed at analyzing the function of systems, equipment, facilities, services, and supplies for achieving their essential functions at the lowest life-cycle cost consistent with required performance, reliability, quality, and safety. Value†¦show more content†¦Application of value engineering on this project accelerated the job and reduced the costs. The Project was carried out at two different routes: Section I: Bregana – Zagreb The existing road was repaired and reconstructed in some areas. Section II: Basilijevo-Otocac-Sveti Rok A new road was constructed in this route Value engineering were carried out for various activities in the project. The Value Engineering for the project started at the project presentation stage. The project time and costs developed at the beginning of the project were determined by the considerable effects of these studies. The activities that reduce the costs and accelerate the jobs applied on the project are: Instead of producing a standard 4m length climbing forms used on a viaduct feet, 5m forms were produced. The special production’s cost could be ignored since the number of viaducts is high along the way. Due to the increase in length, molding workmanship and iron workmanship amount was reduced and job speed was increased. Savings were provided for the construction company since the iron overlapping money was reduced. The construction time was reduced about one month and a total cost benefit of $40,000 was obtained by the company. Fig.3. Usage of climbing forms By making the germination with spraying method, a serious time reduction was provided. By making a supporting wall, the time was reduced without the change in costs. Using theShow MoreRelatedDefine Value Engineering Analysis3363 Words   |  14 Pages2) Define value engineering analysis. Discuss briefly the various approaches for VE and VA. Value Engineering (VE) or Value Analysis (VA) is an important and powerful approach for improvement in the performance of the products, systems or procedures and reduction in costs without jeopardising their function. L.D. Miles defined Value Analysis in his book Techniques of Value Analysis and Engineering (1961) as an organised creative approach which has for its purpose the efficient identificationRead MoreProject Life Cycle2928 Words   |  12 PagesApplication of Value Analysis/Engineering methods during different Phases of Project Life Cycle CONTENTS PARTICULARS PAGE NO. 1. ACKNOWLEDGEMENT 3 2. EXECUTIVE SUMMARY 4 3. 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