- Value Engineering is a set of dsiciplined procedures designed to seek optimum value for both initial and long-term investment.
- First utilized in the ma nufacturing industry during world War 2, it has been widely used in the construction industry for many years.
- Value Engineering (VE) is a function-oriented technique that has proven to be an effective management tool for achieving improved design, construction, and cost-effectiveness in various transportation program elements.
- Value management may be described as a structured, analytical process for developing innovative, holistic solution to complex problem
Application of VE
- Applications of value Management to government projects include but are not restricted to :
- Establishing and verifying project objective analysing project brief
- Optimising design solutions
- Resolving conflicts and improving communication and
- Creating and analysing a range of options for executive considereation
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