Integrating Value Engineering and Risk Management: Solutions for Optimizing Civil Engineering Projects

	Integrating Value Engineering and Risk Management: Solutions for Optimizing Civil Engineering Projects
نشریه مهندسی آب و انرژی
Volume 2, Issue 1, January 2024, Pages 1-15
Document Type: Research Paper
Authors
khodadad vahedi; Faridoun Khorvash¹; Mohammad Pakdel²
¹Member of the Faculty of Imam Hossein University (AS)
²Faridoun Khorvash, Master's student in Construction Engineering and Management at Imam Hossein University.
Receive Date: 04 February 2024, Revise Date: 11 March 2024, Accept Date: 11 April 2024
Abstract
Value engineering and risk management are two integral components of civil engineering project execution chains. Value and risk have an inseparable link to each other. However, both must be explicitly and transparently addressed in a coordinated program to ensure project success. Since value engineering often focuses on cost reduction in projects and cost reduction increases risks, the proper and systematic implementation of risk management and value engineering is necessary and beneficial. In this article, the general concept of value engineering and risk management is first explained. Then, after presenting the reasons and advantages of integrating the two methods, they are compared, and finally, an example of experiences in integrating risk management and value engineering in a project is discussed and examined.
Keywords
Value engineering; risk management; integration

References

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