Possibility of Using Value Engineering in Highway Projects
Year: 2016
Type: conference-paper
Abstract: The paper deals with the possibility of using value engineering in highway projects. The reasons for criticizing highway projects are usually three. Firstly, they do not achieve expected project goals, secondly, project delivery is not within a reasonable amount of time, and finally, costs are not in line with their budget limits. The author believes that value engineering methodology can help to find ways to improve solutions to these problems by balancing cost, schedule, and scope through the generation of innovative alternatives. It was found that a project can significantly save on costs and improve performance of project functioning by using the appropriate value engineering process at the right time. The paper summarizes the benefits and effectiveness of the value engineering methodology along with recommendations.
Source: Procedia Engineering
Author: Renata Schneiderova Heralova
Institution: Czech Technical University in Prague
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2559606472