How can it be better? This question inspired the phenomenon of Value Engineering. In any construction project, the process of maximizing the output with the minimum expense possible. This means that every professional involved in this concept will try their best to attain the best possible at the lowest cost.
You might be thinking, Is that even possible?
Yes, it is, and we will uncover that in this detailed article, outlining every possible aspect of this concept.
Apprehending The Concept of Value Engineering
In terms of construction, this concept is utilized for the optimization of various projects’ functions. The aim is to perform and complete the functions at the lowest possible cost without quality being compromised. In short, it is a systematic approach for achieving a qualitative outcome at the lowest rates.
Let’s explore more by learning about how VE is applied in construction.
Practical Application of VE
So, how is VR applied? To know the answer to this question, read the following steps:
Information Collection Process
The first and foremost step is to collect all the relevant information about a construction project. From budget, scheduling, essential resources, and any project specifications. The essence of this step is to comprehend the entire scope of a project and learn what a client expects. Collecting information is more of a necessity as it will serve as a guide in the future in the decision-making process.
Functions Identification
In this step, functions are identified by breaking them down into singular components. The key objective is to differentiate primary and secondary functions. Having a clear perspective on the nature of functions, allocating the resources becomes easier.
- Primary functions are those that are crucial for the success of a construction project.
- The functions that are not necessarily required but nice to have are secondary.
Creative Analysis & Solution Generation
After the identification of functions, the next step is to innovatively analyze how to be cost-effective. In this phase, creative thinkers will come together and come up with various ideas, and deciding which idea suits you best.
Cost-Benefit Assessment
The practicality of the ideas in the former step is evaluated in this step. The cost-to-benefit relation is assessed if each idea is considered. For a better understanding of the cost-effectiveness, this assessment is necessary. The most optimal ideas are the ones that lead to better outcomes without influencing the costs.
Idea Development
Practical and best ideas from the assessment stage are redefined into extensive plans. In other words, this step involves turning a practical idea into an actionable plan.
Presentation and Deployment
The next step after an idea is developed into a comprehensive plan is to present it to all the investors, including clients, project managers, contractors, estimators, etc.
After the presentation, if an idea is approved, then it is implemented. It is important to make sure that all the influential parties of a construction project are in constant communication during the implementation phase.
How VE Can Be a Transformational Tool for Construction Projects?
Here’s how VE redefines construction projects:
Performance-Based Design Enhancement
VE professionals will conduct a review of the architectural and engineering design. This review will help them to point out the following:
- Surplus
- Specifications Excess
- Unwanted Intricacies
This will help them discover that a less expensive design can meet the same requirements. Or, a different type of material can provide the required strength at lower costs.
Strategic Material Selection
VE experts work closely with estimators during Material Estimating Services. They inspect every material, from steel, concrete, wood, to finishing materials. Doing this ensures that actual performance parameters have been followed during procurement.
System Interconnectivity
In VE, MEP systems of a building are not treated as three separate systems, but rather as a singular system working together. This approach simplifies and processes and makes sure that there is no unneeded component present.
Construction Approach Comparison
VE also evaluates what construction methodology is used for different project tasks. From Construction Estimating Services for equipment and labour to scheduling of tasks. This is done by comparing the existing approach with a more efficient one. This will help in understanding which approach is more efficient in terms of time and expenses while maintaining quality.
Closing Remarks
It is clear that in construction, for cost effectiveness, productive efficiency, and improved quality, Value Engineering is the ultimate tool. By adopting an organized approach for analyzing and optimizing a project’s tasks, this tool assures that the construction activities will yield maximum output. And to gain a broader perspective about this term, you can read this article to obtain an extensive understanding of what this VE is capable of!