Section 8: Synthesis of Research Problem, Method, and Design

Section 8: Synthesis of Research Problem, Method, and Design

Business Research Problem AnalysisResearch Problem

Value Engineering is a vital part of project delivery method. This is one of the components of Project Delivery methods in construction management. The design/build method offers a number of distinct advantages. They include: Provision of early commitment of guaranteed cost and delivery Cost effectiveness: the design/build method is a comprehensive approach which examines all of the existing interrelationships for value received in the long term. Eliminates administrative duplication by separate firms, saving both time and money Possible Outcomes

In construction, as in any business, time is money. In the design/build approach, phases may be overlapped, saving time, as well as costs by reducing the amount of required supervision, job overhead and inflationary impact on construction costs. Salient Features of Value Engineering Some of the features that area considered while executing a project through value based engineering are the weight and type of roof, for example, will have significant impact on the structure of the building. The orientation of the building is another example of where awareness and sensitivity to client needs can have a significant impact on the ultimate cost of the building. Effective value based approach emphasizes the value received, as opposed to concentrating solely on the initial cost of constructing the building. The first cost and life cycle perspective must work hand in hand. Maintainability, function, and energy consumption goals will have significant impact on the alternative designs and materials used.

As plans are refined and developed in greater detail, more accurate cost estimates will be prepared. The estimates will include detailed quantity measurements and pricing for the total project. Estimates such as these, permit the client to compare more detailed estimates from earlier conceptual estimates. The only variation ...