Value Engineering in Construction

Ilayaraja, K.; Eqyaabal, Md. Zafar

doi:10.17485/ijst/2015/v8i32/87285

Cited by 31 publications

(15 citation statements)

References 9 publications

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“…VM is a methodology that requires application of techniques that gear the possibility of achieving increased value for money. Ilayaraja and Eqyaabal (2015) described VM as a problem solving methodology that reduces cost and improves decision-making, leading to optimal expenditure of a client’s resources. The essentiality of adequate knowledge of VM technique such as lifecycle costing, creative thinking and FAST diagram in achieving the objective of undertaking VM was revealed by Ilayaraja and Eqyaabal (2015).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Ilayaraja and Eqyaabal (2015) described VM as a problem solving methodology that reduces cost and improves decision-making, leading to optimal expenditure of a client’s resources. The essentiality of adequate knowledge of VM technique such as lifecycle costing, creative thinking and FAST diagram in achieving the objective of undertaking VM was revealed by Ilayaraja and Eqyaabal (2015). Yu (2006) also noted that VM techniques are useful for construction project scope clarification.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The techniques of VM which include SWOT (strength, weakness, opportunity and threat) analysis, cost-benefit analysis, FAST, etc., which are critical to VM practice, must be well understood by construction professionals to aid VM adoption. Ilayaraja and Eqyaabal (2015) revealed that VM specialists are great educators of VM techniques. VM specialist has been trained and qualified to train others; practical experiences are also evident in certifying being VM specialists.…”

Section: Research Findingsmentioning

confidence: 99%

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Critical drivers (CDs) of value management adoption in the Nigerian construction industry

Ojo

Ogunsemi

2019

JEDT

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Purpose This paper aims to assess the drivers of value management (VM) in the Nigerian construction industry with a view to identify the critical ones through Delphi study. Design/methodology/approach A team of 15 carefully selected experts in VM were engaged in two rounds of Delphi survey, and the responses of the survey were analyzed with descriptive statistics (mean, standard deviation and mode). Kendall’s coefficient of concordance test and Chi-square (χ2) test were also used to test the level of consensus amongst the respondents at the two rounds of the survey to draw inference. Interrater agreement analysis and significant level analysis were further used to determine the criticality of critical drivers. Findings The critical drivers to VM adoption are adequate understanding of the benefits of VM, higher/postgraduate programme that teaches VM technique, professional’s previous experience with VM, collaboration of all construction professional bodies in Nigeria and VM training. Originality/value This paper used opinions of VM experts only to achieve the aim of this study as against the common survey method in which respondents who are not knowledgeable in the area of research might fill the questionnaire.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Research Findingsmentioning

confidence: 99%

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Critical drivers (CDs) of value management adoption in the Nigerian construction industry

Ojo

Ogunsemi

2019

JEDT

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“…Various researchers conducted numerous works on different places, such as Rachwan et al 24 , Ilayaraja and Eqyaabal 25 , Yan 26 , and so on for investigating and evaluating the effectiveness and importance of Value Engineering methodology for various disciplines. The benefit of VE was observed to be significantly greater when interdisciplinary engineering teams were included, which would also impact the design team, as is typical in the building.…”

Section: Introductionmentioning

confidence: 99%

Building a planter system using waste materials using value engineering environmental assessment

Al-Anzi

2022

Sci Rep

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Environmental challenges are significant threats to the planet; most of them are human-made hazards. Researchers are studying various environmental threats and trying to flourish sustainable policy for protecting the environment from various challenges worldwide. In Kuwait, researchers are paying attention to these various challenges and trying to reduce these issues in the most effective, economically innovative, and localized ways. Desertification and lack of water are the major significant examples of natural challenges faced by the environment. The fundamental goal of this study was to propose and implement a more cost-effective and economical alternative to the commercial Waterboxx kits technology. In this proposed work, the research team rebuilt a new prototype based on Value Engineering, whose functionalities are homogeneous to the most popular Waterboxx kits technology. Unlike the Waterboxx kits method, the new proposed framework decreased operational and capital expenditures and reduced the complexity of development and implementation by regular farmers. Since recycled plastic sheets and used tires are employed in the new method as grist, this method helps us fight against desertification and provide a better way to handle the ever-growing massive dumpsters of tires in the region of Kuwait; hence it helps us in getting rid of hazards due to the tire fires and bring in a more safe and friendly environment. A better substitute has been identified concerning the value from various substitutes considered for developing the prototype using a thorough examination with the help of the Function Analysis System Technique (FAST). A prototype of the proposed method was constructed and tested in a controlled lab atmosphere followed by an actual environment. Analysis of both soil and water on the experiment site was performed before and after the proposed prototype testing for conducting a cross-comparison of soil. This evaluation was performed to ensure the method we fabricated and tested is an effective environment-safe model. The simulation and analysis of the proposed method are very effective as the already existing model reduced and saved the cost of implementation. The cost reduced by the new proposed VE method than the already available model was 43.84% without paying attention to the intangible costs related to another environmental challenge, recycling waste materials that may also build up the cost-saving. This study illustrates how the proposed Value Engineering-based model became the foremost baseline method for developing a new innovative model to reduce cost and patentable design.

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“…The value in the cooling medium is used to present strategies that can be applied to solve problems related to minimizing cooling process costs while maintaining the quality of products steel ST 41 to its function [3]. This research is a value engineering method on steel ST 41 research, this is a reference to reduce unnecessary costs when cooling from heat treatment results by comparing initial alternatives and proposals based on price variants [4]. The reason for using this research method is the ability of value engineering to control unnecessary costs and keep costs to a minimum while maintaining quality as needed, in a structured manner providing good functional value.…”

Section: Introductionmentioning

confidence: 99%

Implementation of Value Engineering in Heat Treatment Process to Cooling Media Steel ST 41 at PT. XY

2021

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Value engineering analyzes the value and function for optimal results and the condition of the steel material remains consistent according to its quality function. ST 41 steel is a steel classified as low carbon steel with an alloy composition of 0.37-0.43%C, 0.5-0.35%Si, 0.60-0.90%Mn. Heat treatment in this study uses temperatures up to 7230C with temperature holding for one hour, while the proposed alternative cooling media used are salt water, coconut oil, and oil using the holding time of each cooling medium, namely 5 minutes, 10 minutes to 15 minutes. Cooling using 3 media simultaneously is very ineffective and very expensive. The right solution to eliminate unnecessary costs, this research proposes salt water media as a good medium for performance and relatively low cost compared to other media tested. The analysis that occurs from the calculation of the value engineering cost is IDR 45,500,000.00 the heating process in 1 month produces 5000 specimens per day, which can save costs of IDR 15,750,000.00. Thus, the brine medium is able to provide criteria for the speed of the cooling process properly and provide good quality results for a continuous process.

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Value Engineering in Construction

Cited by 31 publications

References 9 publications

Critical drivers (CDs) of value management adoption in the Nigerian construction industry

Critical drivers (CDs) of value management adoption in the Nigerian construction industry

Building a planter system using waste materials using value engineering environmental assessment

Implementation of Value Engineering in Heat Treatment Process to Cooling Media Steel ST 41 at PT. XY

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