VE is a process that can help construction professionals optimize project outcomes, generate cost savings, enhance value, improve efficiency and mitigate risks. However, implementing this systematic approach is not without its challenges. Resistance to change, limited awareness and understanding and balancing cost, quality and functionality are just some of the hurdles that must be overcome in order for construction projects to reap the full benefits of VE.
The first step in the VE process is to evaluate the project’s design and layout. This can include assessing the spatial organization, circulation patterns and functional requirements to identify opportunities for cost savings and increased space utilization. Additionally, VE can be used to assess and optimize the project’s energy efficiency and sustainability measures.
This phase of the VE process is also used to evaluate the project’s materials and components. This can include evaluating the cost-effectiveness of various construction materials, and exploring innovative and sustainable building technologies that will help to reduce operating costs. VE can also be utilized to review and optimize construction methods and techniques, including analyzing the sequencing of construction activities and considering prefabrication or modularization options.
It is important to understand that VE is not about cutting corners or reducing quality. Instead, it is about identifying the best possible outcome for the budget that is available. In fact, there are many examples of projects that have benefitted from the implementation of VE, from the Golden Gate Bridge retrofit to the Treasure Island redevelopment. These projects have achieved cost savings, enhanced value and improved efficiencies without compromising on the quality of the final product.