Case Study on BIM and Value Engineering Integration for Construction Cost Control
Case Study on Value Engineering | Case Study Template
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CONCEPT OF VALUE ENGINEERING.
Construction projects consume a considerable amount of resources and funding. Cost control is an essential process to attain project success and enhance its value. Many studies have been dedicated to studying how value engineering VE can be used to control construction costs. However, limited studies can be found on the integration of building information modelling BIM and VE for better cost control and optimization.
However, talking realistically, ultracompetitive market condition has led manufacturing sector to such a phase where continuous improvement is inevitable in terms of increasing desired profit margin in a business. With these changes comes the serious need of an efficient as well as effective development system. Irrespective of business domain, companies must focus on speed, efficiency, cost of production, customer service, product value etc. Long-term health of any organization depends on their commitment to continuous improvement in their business, along with an optimized cost of production, mechanization of auto production also been transformed over a past century, led by the need of a faster and lower-cost of production on the supply side of the industry.