A Technique to Optimize Function and Cost
In regards to construction projects, value engineering has become a creative function-oriented approach to achieve new pathways of productivity. Essentially, the formula contains two central driving components: function and cost.
This value-based concept is not to be confused with unabashedly and carelessly slashing costs without assessing consequences or without regard for its effect on standards and quality. Simply cutting costs does not always guarantee an improved result or product. In fact, carelessly reducing costs will often lead to a reduction in quality and a sacrifice of value for expediency.
Instead, this innovative process carefully looks at functional requirements and considers different ways these could be met by cutting unnecessary expenditures or substituting elements with other solutions. The key is to maintain the necessary functions of a project at the lowest possible cost. That is, increasing and enhancing efficiency while reducing operating costs or superfluous budgeting.
This technique can be implemented by Constructors professional engineers on staff at any point during the construction process. It is most effective when applied from the start of a project. This way, all possible solutions are considered before any resources are used and optimization occurs through the full trajectory of the project. In other words, it is a way to enhance workflow and productivity.
The process can be seen at the preliminary stage, the design phase, and the construction phase. Here’s what each entails:
- Preliminary. Our engineering staff and trained professionals look for opportunities for value engineering during the preliminary planning process.
- Design. This phase can benefit from cost-effective planning by the process of collaboration. The owner, engineers, project architects, and others involved in the project should come together to discuss viable costs estimates, scheduling, budget, and how the project might be improved.
- Construction. Implementing value engineering during the construction process ensures that engineers, project managers, and foremen have synced ideas and have found that the functionality of the overall project is working to its optimal level in relation to costs and savings.