Value engineering (VE) has become standard practice in various industries because it empowers organizations to maximize budgets and achieve more with less. As a practice, VE affords leaders the opportunity to find smart, cost-effective ways to increase value and overall satisfaction.
In the construction industry, applying VE with a long-term focus ensures that the project team creates a balance between initial costs and the ongoing operational budget. The timing of VE often determines how great the maximized savings can or will be, but timing is just one of several factors influencing the success of VE efforts. Combining the tried-and-true VE methodology with verified construction costs will enable you to make informed decisions for the most significant impact. This insightful webcast explains how.
Don't miss out on this opportunity to learn strategies for maximizing project budgets and taking actionable steps towards a more successful and profitable future.
- Explain the importance of articulating shared expectations and how this contributes to creating positive outcomes.
- Determine where in the project life cycle VE (value engineering) offers the most benefit.
- Explain why leveraging independent, verified cost data helps make informed decisions.
- Apply principles of VE to ease the tension between design aspirations and budget realities.