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Showing posts from April, 2024

Revolutionising Project Outcomes through Strategic Value Engineering

In the fast-paced world of construction, achieving optimal project outcomes is not just a goal—it's a necessity. As projects grow increasingly complex and budgets become more constrained, the need for innovative solutions becomes paramount. One such solution that is gaining significant traction within the industry is strategic value engineering. This approach not only enhances project efficiency but also maximises economic performance, making it a critical tool for construction surveyors and project managers alike. What is Value Engineering? Value engineering (VE) originated during World War II, developed by General Electric because of shortages in labour, materials, and component parts. Since then, VE has evolved into a systematic method to improve the "value" of goods or products by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. In the realm