Cost Value Engineering

Cost Value Engineering is a very interesting module which inspires me to think creatively to have a better value on the same function. This subject allows me to understand in general the value process, function analysis and team dynamics in the client’s value system. Besides, this study allows me to identify alternatives to undertake value studies at different stage of a project and enables me to propose a more collaborative effort towards the promotion and awareness of value management in Malaysian construction industry in an effort to achieve value for money invested.

Throughout this module, I am able to identify the appropriate time to carry out Value Engineering throughout different construction phases and able to recognize and recall the contribution of the value engineering /value management in the development process. On top of that, I am able to apply the value management to a value outcome in the decision making process and successfully analysed the cost and value implications of project scope and generated a Job-Plan for the assignment of this module.