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Cost Reduction in Residential Building by Application of Value Engineering

Author(s):

Aditya Shah , Indus University; Prof. Jitendra Patel, Indus University

Keywords:

Value Engineering, Value Analysis, VE Job Plan, FAST Model, Decision Matrix

Abstract

Value engineering is an organized technique to reduce the cost of a product without compromising with its quality, reliability, and performance. A case study is taken to show that implementation of value engineering has capability to bring down the cost of the project without affecting their basic function of providing shelter to the end user. This paper introduce application of different value engineering techniques in a residential building and observe outcomes of it. Different VE techniques like VE job plan, FAST diagram, evaluation matrix has been used in this research and better alternatives are recommended.

Other Details

Paper ID: IJSRDV5I21470
Published in: Volume : 5, Issue : 2
Publication Date: 01/05/2017
Page(s): 1458-1460

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