2015 CSCE Annual Conference Regina - Building on our Growth Opportunities

2015 CSCE Annual Conference Regina - Building on our Growth Opportunities Conference


Title
Value Engineering Applications to Improve Value in Residential Projects


Author(s)
Mrs. Racha Rachwan, ACE Project Management
Mr. Ibrahim Abotaleb, The American University in Cairo
Dr. Mohamed Abdelghany, ACE Project Management
Mr. Amr Fathy, The American University in Cairo (Presenter)
Mr. Ahmed AlBughdadi, The American University in Cairo
Abstract
Value engineering is a powerful approach for cost saving and quality improvement. Especially since the construction industry holds a significant weight with respect to the worldwide economy. Currently, value engineering does not influence just project costs and quality, but also it proved to have positive impacts on the environment and the worldwide trend of green construction. Value engineering takes into consideration both the initial and life-cycle costs. This paper presents three case studies of value engineering applications in the architectural and electromechanical disciplines in a real large-scale residential project. In these case studies, the methodologies and calculations of the value engineering study are presented. The overall estimated savings of the project resulting from the full value engineering study ranged between 20% to 50% percent of the element cost; hence a significant reduction in the overall project cost. The paper then provides a semi-generic recommendation matrix for design alternatives in various disciplines and their estimated cost reduction impacts on residential projects. The provided matrix shall assist designers at very early design stages to produce economically and aesthetically efficient design modules.