MSc in Civil Engineering and Construction Management Assignment

MSc in Civil Engineering and Construction Management - Assignment Example Our client will have an accurate and appraised value for money (VfM). The second part deals on value engineering approach and processes which involve imaginative and creative efforts, and methods and means to provide substitute materials, tools and processes which can give a valuing ‘map’ for the project. SBE Innovations will have a chance to study and approve the recommendations through their representatives, the project manager, and project committee. The team will determine how the functions of the construction can be simplified without sacrificing quality. Value management is the first step and activity that should be applied at the early stage of the project. This is a step-by-step analysis, employing scientific methods, discussions, brainstorming, and all possible logical means to arrive at a low-cost with high value for the client’s project. Value management utilizes a workshop to study on the different functions of the project, the purpose of which is to maximize usage or functionality of the facilities, and to minimize unnecessary costs; in other words, a maximization and utilization of the different parts of the project at a minimum cost. The functions and the stages, including the brands or materials to be installed, will be examined thoroughly so that unnecessary costs can be minimized. If there are other brands available in the market which are cheaper but can provide the same quality, we will provide the recommendations. Our company provides services to clients through value management and value engineering initiatives such as functional analysis which seeks to provide a valuing process to an existing project. Our study will deal with the possible problems and barriers and the possible reduction of costs on the different functional stages of the project. We will provide a detailed scope study.