Application of Value Engineering for Sustainable Construction : A Study

Value Engineering (VE) is a function based approach to effectively attain sustainability and cost-effectiveness in construction processes. The present paper briefs the concept of value engineering; its potential, parametric assessment methodology and the applications. VE has been proven an effective tool for management and innovation. It opens ways to new practices that not only improve the quality of construction, but also result in greater consumer satisfaction. Value analysis deals with the economic aspect of value engineering on an actual construction project. By following value engineering methodology, the key critical parameters can be identified that play a substantial role in the cost of a project. Cost effective and sustainable ways of improving the processes can be highlighted. It has also been indicated to suggest renewable energy alternatives wherever possible to reduce negative environmental impact arising due to construction