Is Your Project Over Budget? What You Need to Know About Value Engineering.
Is Your Project Over Budget? What You Need to Know About Value Engineering. Value Engineering is NOT Cost Cutting. If your team is only focused on stripping features or swapping quality materials for cheaper ones, you're not doing VE—you're gambling with the asset's lifecycle. Here’s the critical distinction every Owner and Project Manager needs to understand before they panic. Value Engineering focuses on optimizing the overall value of a project by improving functionality and reducing costs without sacrificing quality. Here's how Value Engineering is typically applied in commercial retail design and construction projects: Value Engineering Project Example: A relevant example is the George R. Sweeney (Beaver Run) Water Treatment Plant project outside of Pittsburgh, Pa. where we performed a construction management agency contract with the Westmoreland County Water Department. Value Engineering Project Example: A relevant example is the George R. Sweeney (B...