The 6 phases of value engineering that break project costs

Posted on May 15, 2023 at 09:05 PM

Civil engineering is all about improving the quality and performance of engineering projects while reducing costs. This means achieving higher value at the lowest possible price.

One critical approach to attaining this goal is applying value engineering, a fundamental exercise in project work. This article explores the six value engineering phases that can break project costs.

What is value engineering?

The value engineering technique is a structured collective work method aimed at reducing the costs of the necessary resources, considering improved performance and quality. The project studies through the task force by analysing the construction specifications and equipment required using value engineering. 

To find various alternatives to materials, equipment, and everything needed to carry out the project work. This happens after examining the role of each functional component with the cost of this component. 

Thereby developing projects at lower costs or without increasing them. This highlights the importance of applying value engineering and its role in rationalising project resources. It is worth noting that value engineering needs to use as expertise to tool it. 

Engineers often seek to undergo some of the civil engineering training courses in Dubai or elsewhere to apply value engineering in an orderly manner.

The Evolution of Value Engineering in Civil Engineering

The field of value engineering also added a more significant evolution of civil engineering. To this day, it continues. For example, in Building Information Modeling (BIM), which revolutionised the field of engineering, value engineering also helped engineers develop the performance of their projects.

What are the six phases of value engineering?

Value engineering is only six consecutive phases, and all steps are tools managed by value engineers and the implementation team. to achieve all the project's objectives at the lowest cost.

1- Plan and collect information:

All project-specific information, such as components, materials for implementation, or products required, and the functions of each element. All related costs go along with operating costs and the cost of implementation, helping to determine the critical part or am of the project.

2- Replacement Phase:

Value engineers identify operational elements to replace with less expensive matching or higher quality features. Without affecting the quality of the project, this replacement is often partly in the details.

3- Evaluation phase:

This phase includes clarifying the difference between substituted and new elements. So that a comparison is in terms of several factors, such as maintenance costs, quality, and the applicability of the periodic functions, while ensuring that the project's primary aim is not distanced.

4- Development Phase:

After the evaluation and final selection process are completed, value engineers develop these elements so that some adjustments can perform their desired functions.

5- Display Stage:

At this stage, value engineers meet with the design team so that the design team's value engineers explain the observations and suggestions they have examined as the benefits and characteristics they will receive must explain the changes that have been decided.

6- Audit phase:

The design team's final stage concerns monitoring the results they get after implementing value engineers' decisions, identifying the problems they face, and informing the value engineers team.

Value engineering and sustainable development

Value engineering is an integral part of sustainable development in civil engineering. Value engineering helps companies achieve their sustainability goals by optimising resource use and reducing waste. It also promotes using environmentally friendly materials and technologies, leading to a more sustainable future.

Value engineering and innovation

Value engineering encourages innovation in civil engineering projects. By exploring alternative solutions and technologies, value engineering enables companies to adopt new and innovative project approaches. This, in turn, leads to improved project performance and increased customer satisfaction.

In conclusion, 

Value engineering is essential in every company seeking to develop its projects and achieve its goals with the highest ISO standards. 

By following the six phases of value engineering, project costs can be significantly reduced without compromising the quality of the project. This, in turn, leads to higher value for the lowest possible price, which is the ultimate goal of civil engineering.