Engineering And Uae Construction Industry Construction Essay

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Value Engineering emerged into prominence after World War II. Basic ideas related to it were developed by Lowrence D.Miles in 1947. The industrial situation during that period was so, that there was overall recession. Material was in short supply. Trained and skill manpower was insufficient. Therefore, manufacturing technologies were looking for alternative material, improved processing requirements, better designs, low cost operation, and efficient system. Foundation of value engineering got its root during this period to achieve some of these objectives. The major focus, however, was to cut down cost while retaining the desired function of the product.

The current funding crisis as a result of the global economic downturn has affected the Construction Industry very badly, thus driving clients to find new and innovative ways to save money and keep projects within budget. In the United Arab Emirates, Construction is major industry for million expatriates. In 2008 it achieved a highest boom ever in the history of construction industry. Due to the economic recession, many capital projects were put on hold due to the Clients reluctance to invest huge money. Value Engineering is a method of reducing cost, increasing performance and increasing quality of a project. This will help the Client to revise the tightened budget of the project and giving them a chance to implement the project.

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The changing Dubai economy has generated a "perfect storm" of demand for Value Engineering. There is an armada of projects underway or on the boards, yet there is time to calmly consider quality and efficiency. The marketplace now dictates that the fittest, not just the fastest, will survive.

Internationally, Value Engineering has been recognised as an emerging paradigm that focuses on continuously increasing the value provided to the client and is widely accepted as an important tool in recent management of construction projects (Ellis, Wood et al.2005). Value engineering benefits includes decreasing cost, increasing profits, improving performance and improving quality (Save International). Many clients are not aware of this methodologies so

"A…technique for improving value for money…involves subjecting the design proposals to systematic review at each stage of the design process (the concept stage, scheme design, and detailed design) to ensure that the final design meets user requirements, without over-specification, at the lowest possible cost." The Management of Building Projects at Higher Education Institutions (NAO)

"Synonymous with the terms value management and value analysis, value engineering is a professionally applied, function-oriented, systematic team approach used to analyze and improve value in a product, facility design, system or service-a powerful methodology for solving problems and/or reducing costs while improving performance/quality requirements. By enhancing value characteristics, Value Engineering increases customer satisfaction and adds value to your investment. Value Engineering can be applied to any business or economic sector, including industry, government, construction and service. Using Value Engineering is a very successful long-term business strategy."

Value engineering is an organized creative technique directed at analyzing the functions of a product, service or a system with the purpose of achieving the required functions at the lowest overall cost consistent with all the requirements, which comprise its value, such as performance, reliability, maintainability, appearance, etc.

Value Engineering emerged into prominence after World War II. Basic ideas related to it were developed by Lowrence D.Miles in 1947. The industrial situation during that period was so, that there was overall recession. Material was in short supply. Trained and skill manpower was insufficient. Therefore, manufacturing technologies were looking for alternative material, improved processing requirements, better designs, low cost operation, and efficient system. Foundation of value engineering got its root during this period to achieve some of these objectives. The major focus, however, was to cut down cost while retaining the desired function of the product.

I believe the value engineering concept and awareness should not only be strengthen in Dubai but ‎across GCC in this economic downturn, when the funding for the project is tight. ‎ Man has made great structures under considerable limitation. I would go a hand further and suggest ‎that Dubai should lead the market by implementing VE in parallel to LEED legislation making at least ‎must have session of it during the initial stages of the project.‎ VE must be made mandatory to all projects of more than a defined budget price.

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