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Implementation of Value Engineering for Residential and Commercial Building

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International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 11 Issue: 06 | Jun 2024

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p-ISSN: 2395-0072

Implementation of Value Engineering for Residential and Commercial Building Tejaswini S. Ade1, Pranav K. Lende2 MTech Student, Department of Civil Engineering, GHRU, Amravati, Maharashtra, India. 2Assistant Professor, Department of Civil Engineering, GHRU, Amravati, Maharashtra, India.

---------------------------------------------------------------------***-------------------------------------------------------------------Abstract - Value engineering is a methodology used to dissect the function of the goods and services and to gain the needed functions of the user at the lowest total cost without reducing the necessary quality of performance. Numerous a time, Value Engineering (VE) is confused with cost cutting exercises in construction industry. The essential difference between conventional cost cutting and VE is that it involves reducing the cost by perfecting the functionality through lower consumption of energy in terms of force, accoutrements and machines. Structure development in construction industry is a key driver in socio economic development of the country, so it's in need to have proper construction ways which are cost effective and feasible to meet client’s demand. It includes comparison of various design approaches like “mivan shuttering”, and “conventional techniques”, study alternative materials to minimize cost and especially time of design and simultaneously to improve value of design

required at the lowest cost, Value engineering concentrates on the effectiveness through stating functions, goals, needs, requirements and desires. Value (V) = Function (F)/Cost (C) Where, V is Value, F is sum of total function performance and C represents cost paid for it. The relation of F and C shows that lower the cost for optimum function, better the value.

1.2 History of Value Engineering Value engineering concept was started by Mr. Lawrence D. Miles during 1940’s. He worked for General Electric Company (GEC), USA which faced scarcity of strategic material needed to produce their products during world war-II. Mr. Mile was appointed in GEC in purchasing department. At that time there was shortage of steel, copper, bronze and other materials. GEC wanted to expand its production of turbo supercharger for B24 bombers from 50 to 1000 per week. Miles was assigned the task of purchasing material to permit this. Often he was unable to obtain specific material, so he thought to obtain an alternative which can perform the same function. Miles observed that many of substitutes were providing equal and better performance at the lowest cost and from this incident evolved the concept of value engineering.

Key Words: CLC Bricks1, cavity wall2, mivan framework3, 800x800 granite tiles4, gypsum punning5, etc.

1.INTRODUCTION Construction industry is an index of growth of a nation. The real estate sector in India has assumed growing significance with the liberalization of the economy. Today, the construction industry is the second largest employing skilled and semiskilled labor after agriculture and plays an important part in nation’s economy. Due to increase in business opportunity and migration of labor, the demand for commercial and housing spaces has also increased. According to the tenth five- time plan, the estimate of deficit in urban housing is penetrated to be 8.89 million units. As of now, the housing and construction industry employs 30 million people and about 250 industries are associated with construction industry directly or indirectly. It includes hospitals, school, townships, services, houses and other structures as well as urban structure, roadways, roads, port, railroads, airfields, dams, power plants etc.

2. LITERATURE REVIEW Value engineering is a combination of specialized and profitable subjects. It's committed with the smallest life cycle cost and dependable completion of the functions needed by the user. Value engineering is basically a process which uses function analysis, team- work and creativity to improve value. Value Engineering can be applied during any stage of a design’s design development cycle. It has an important influence and function to promote the traditional product value invention, cultivate and develop the enterprise's core competitiveness, and promote public profitable and social sustainable development..

1.1 Value Engineering Value engineering is a systematic application of recognized techniques which identify and establish the worth functions of the product or service, and provide the necessary functions to meet the customer’s Requirement

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