A Study On Application Of Value Engineering In Management Of Construction Project

Nowadays, with the development of market economy, the construction corporations are facing severe market competition. The key for construction corporations to succeed lies in whether the corporations can provide building products with high quality, short building period and low cost. Value Engineering, a scientific method which combines technology and economy, is undoubtedly a useful tool to help a corporation achieve such goals.At present, the technical competence of construction industry is at a relatively low level in general. The backward means of production, the developing industrialization, the bad management together with the relatively weak technical basis, can hardly keep up with the thriving construction industry. Meanwhile, the new mechanism that meet the development of construction and enterprise VE innovation and craft technology development is yet to be developed and improved on Corporations, whose creative power of value is far from enough, attach little importance to value, and are in desperate need of corresponding policies to ensure the creativity of value. These problems have become a great obstacle to the development of construction industry. So it's essential to popularize the application of Value Engineering to construction industry, which will help to improve the value of the products of corporations in construction industry, and contribute to the reformation of the value of traditional products. It can also play a role in helping cultivate the core competence of the corporations and promoting the continuous development of the society as well as the national economy.Based on project management theory, this thesis introduces general theory of VE such as the concept, organization, method and the application in life cycle of construction projects as well as the application in construction projects'quality and cost integrated control. By applying core idea of VE-project function analysis, team wisdom, creative thinking and target at project value increasing in construction project management theory, we abandon the traditional thinking method of cost control, which controls cost only by saving money. Via value management of project, we achieve the goal to increase project profit ability and effective project management.