Holistic Appraisal of Value Engineering in Construction in United States
Publication: Journal of Construction Engineering and Management
Volume 122, Issue 4
Abstract
The use of value engineering in the United States of America has grown significantly in the last twenty years. Advocates of the system claim it is effective in reducing cost and improving the value of construction projects. Others however claim that in reality the technique is little more than traditional cost cutting by another name. This paper makes a holistic appraisal of value engineering as used in the United States of America's construction industry by investigating current theory and practice. It evaluates value engineering projects and calculates the savings achieved by them. It goes on to analyze the nature of those savings. It looks at four VE workshops and makes an appraisal of the technique. Finally it draws overall conclusions about the current position of value engineering in the United States of America.
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References
1.
Heller, E. D. (1971). Value management, value engineering and cost reduction . Addison-Wesley Publishing Co., Reading, Mass.
2.
Kelly, J., and Male, S. (1990). “A critique of value management in construction.”CIB 90, Proc., Build. Economics and Constr. Mgmt., CIB, Paris, France, Vol. 2, 130–139.
3.
Miles, L. (1967). “Techniques of value analysis and engineering.” McGraw-Hill Book Co. Inc., New York, N.Y.
4.
Mudge, A. (1971). “Value engineering, a systematic approach.” McGraw-Hill, New York, N.Y.
5.
Palmer, A. (1992). “An investigative study of value engineering in the United States of America and its relationship to United Kingdom cost control procedures,” PhD thesis, Loughborough Univ. of Tech., Loughborough, England.
Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 122 • Issue 4 • December 1996
Pages: 324 - 328
Copyright
Copyright © 1996 American Society of Civil Engineers.
History
Published online: Dec 1, 1996
Published in print: Dec 1996
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