Abstract: 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. It is committed with the lowest life cycle cost and reliable completion of the functions required by the user. Finally analyzes the application of value engineering in various stages of lifecycle in construction projects.
Keywords: Value Engineering, life cycle.
Title: A NOVEL HYBRID ARCHITECTURE FOR BUILDINGS BY IMPARTING VALUE ENGINEERING
Author: A. Sundararajan
International Journal of Civil and Structural Engineering Research
ISSN 2348-7607 (Online)
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