This document discusses the application of value engineering techniques in residential house construction projects. It begins with defining value engineering as systematically identifying the functions of a product or service and delivering those functions reliably at the lowest overall cost. The document then outlines the benefits of value engineering, including cost reduction, time savings, and quality improvement. It describes the typical job plan process for a value engineering study, which involves information gathering, creative idea generation, idea evaluation, development of alternatives, and recommendations. Finally, it states that value engineering is an effective approach that should be understood and accepted at all levels of project management in order to achieve whole-life value for construction projects.
BIM Lecture Note (5/6)
Objectives
* The challenges of Building Construction Project
* To understand what is IPD & LEAN Construction
* To understand Asset Lifecycle Management (iBIM)
*How to apply ALM & BIM to enable LEAN Construction
Question
* How iBIM can be applied to enable IPD & LEAN Construction?
Value engineering emerged during World War 2 to efficiently use scarce resources. It systematically reviews designs to deliver required functions at the lowest cost while maintaining performance. The value engineering process involves 8 steps - orientation, information gathering, idea generation, analysis, development, presentation, implementation, and follow-up. Case studies demonstrate how value engineering identified cost savings for test machine components and a corporate office building by modifying materials and designs without compromising quality. Value engineering is an effective tool for reducing unnecessary costs in products, services, and construction.
Lean construction aims to transform project management by removing waste and improving productivity, quality, schedules and costs. It draws from lean manufacturing principles to minimize non-value adding activities through tools like target value design, pull scheduling using the Last Planner System, and building information modeling (BIM). Integrated project delivery brings project teams together early through lean contracts to collaboratively design-to-budget and optimize the whole project, rather than sub-optimizing parts. This new approach requires transforming project culture from adversarial to relational and focusing on customer value and continuous improvement.
Value engineering is a technique that seeks the optimal balance between cost, quality, and performance. It involves systematically analyzing the functions of a product, project, or process to find ways to reduce costs while maintaining essential performance. A value engineering study follows eight steps: orientation, information gathering, functional analysis, creative idea generation, idea evaluation, development of alternatives, presentation of recommendations, and implementation/follow-up. The goals are to determine the best design alternatives, reduce costs, improve quality and reliability, enhance customer satisfaction, and identify and solve problems. Early changes tend to be less expensive than later changes.
The document discusses various aspects of construction project management. It covers topics like defining a project and project management, the roles and responsibilities of a project manager, the need for project management, and the project management triangle involving time, cost, and scope constraints. It also describes key phases of project management like planning, execution, control, and closure. Important tools for planning and scheduling projects are discussed, including bar charts, critical path method (CPM), and program evaluation and review technique (PERT).
Value engineering is a systematic approach to reducing unnecessary costs while maintaining product quality and reliability. It answers the question of what else can accomplish the intended purpose at a lower cost. Value engineering was developed at General Electric during World War II to deal with material shortages by finding acceptable substitutes. Over time, it evolved into a broader application across industries to reduce total product costs through the consideration of development, production, and application costs. The goal of value engineering is to reliably provide necessary functions at the lowest overall cost through a planned approach.
The document discusses Total Quality Management (TQM) in construction. It provides an overview of TQM, including its basis in satisfying customer needs through continuous improvement. TQM builds on systems theory by emphasizing managing cross-functional processes and contributions from all individuals. The key elements of TQM include employee involvement, continuous improvement, measurement of quality and performance, and viewing the organization as part of a supply chain with customers and suppliers providing feedback. The document also reviews quality management writers and modern construction management concepts, as well as quality system standards and assurance.
BIM Lecture Note (5/6)
Objectives
* The challenges of Building Construction Project
* To understand what is IPD & LEAN Construction
* To understand Asset Lifecycle Management (iBIM)
*How to apply ALM & BIM to enable LEAN Construction
Question
* How iBIM can be applied to enable IPD & LEAN Construction?
Value engineering emerged during World War 2 to efficiently use scarce resources. It systematically reviews designs to deliver required functions at the lowest cost while maintaining performance. The value engineering process involves 8 steps - orientation, information gathering, idea generation, analysis, development, presentation, implementation, and follow-up. Case studies demonstrate how value engineering identified cost savings for test machine components and a corporate office building by modifying materials and designs without compromising quality. Value engineering is an effective tool for reducing unnecessary costs in products, services, and construction.
Lean construction aims to transform project management by removing waste and improving productivity, quality, schedules and costs. It draws from lean manufacturing principles to minimize non-value adding activities through tools like target value design, pull scheduling using the Last Planner System, and building information modeling (BIM). Integrated project delivery brings project teams together early through lean contracts to collaboratively design-to-budget and optimize the whole project, rather than sub-optimizing parts. This new approach requires transforming project culture from adversarial to relational and focusing on customer value and continuous improvement.
Value engineering is a technique that seeks the optimal balance between cost, quality, and performance. It involves systematically analyzing the functions of a product, project, or process to find ways to reduce costs while maintaining essential performance. A value engineering study follows eight steps: orientation, information gathering, functional analysis, creative idea generation, idea evaluation, development of alternatives, presentation of recommendations, and implementation/follow-up. The goals are to determine the best design alternatives, reduce costs, improve quality and reliability, enhance customer satisfaction, and identify and solve problems. Early changes tend to be less expensive than later changes.
The document discusses various aspects of construction project management. It covers topics like defining a project and project management, the roles and responsibilities of a project manager, the need for project management, and the project management triangle involving time, cost, and scope constraints. It also describes key phases of project management like planning, execution, control, and closure. Important tools for planning and scheduling projects are discussed, including bar charts, critical path method (CPM), and program evaluation and review technique (PERT).
Value engineering is a systematic approach to reducing unnecessary costs while maintaining product quality and reliability. It answers the question of what else can accomplish the intended purpose at a lower cost. Value engineering was developed at General Electric during World War II to deal with material shortages by finding acceptable substitutes. Over time, it evolved into a broader application across industries to reduce total product costs through the consideration of development, production, and application costs. The goal of value engineering is to reliably provide necessary functions at the lowest overall cost through a planned approach.
The document discusses Total Quality Management (TQM) in construction. It provides an overview of TQM, including its basis in satisfying customer needs through continuous improvement. TQM builds on systems theory by emphasizing managing cross-functional processes and contributions from all individuals. The key elements of TQM include employee involvement, continuous improvement, measurement of quality and performance, and viewing the organization as part of a supply chain with customers and suppliers providing feedback. The document also reviews quality management writers and modern construction management concepts, as well as quality system standards and assurance.
QUALITY CONTROL AND SAFETY DURING CONSTRUCTIONIjmet 08 03_012IAEME Publication
The concept of Quality control has arisen to ensure that customer demands, and a level of quality and conformance are achieved. Quality Assurance is provided through the implementation of systemic management techniques ensuring control of the activities carried out by each party. This research provides a review of the topic of Quality control. In particular it looks at the meaning of quality control and the needs for its introduction into the construction industry. Current quality standards in the construction industry and the alternative quality systems, including the British Property Federation system, the Construction Industry Development Association's Code of Practice, and the Building and Construction Council's Quality Assessment Scheme are discussed. The quality control and safetyduring construction are highlighted
Group 1 presented their civil engineering project which involved designing roads, stormwater, sewer, and water networks for a site. They outlined the individual responsibilities of group members and the scope of inserting all civil services. They discussed the design standards used, constraints such as using Civil Designer software and time constraints due to student protests. The group confirmed they produced the required deliverables which included plans and longitudinal sections for stormwater, sewer, and roads designs.
Resource levelling is a technique in project management that overlooks resource allocation and resolves possible conflict arising from over-allocation. When project managers undertake a project, they need to plan their resources accordingly.
This will benefit the organization without having to face conflicts and not being able to deliver on time. Resource levelling is considered one of the key elements to resource management in the organization.
An organization starts to face problems if resources are not allocated properly i.e., some resource may be over-allocated whilst others will be under-allocated. Both will bring about a financial risk to the organization.
Resource levelling is required when there is a demand for resources more compared to the available supply.
Resource levelling helps an organization to make use of the available resources to the maximum. The idea behind resource levelling is to reduce wastage of resources i.e., to stop over-allocation of resources.
Project manager will identify time that is unused by a resource and will take measures to prevent it or making an advantage out of it.
By resource conflicts, there are numerous disadvantages suffered by the organization, such as:
Delay in certain tasks being completed
Difficulty in assigning a different resource
Unable to change task dependencies
To remove certain tasks
To add more tasks
Overall delays and budget overruns of projects
Value engineering is a systematic process that analyzes functional requirements to achieve essential functions at the lowest total cost while meeting performance, quality, and safety needs. It involves gathering information, analyzing functions, brainstorming alternatives, evaluating and selecting ideas, and implementing solutions. Value engineering can reduce costs, risks, and schedules for projects through improved designs and collaboration. It follows a structured process and uses function analysis to identify alternative approaches that deliver the best value. Benefits include cost savings, risk reduction, and improved designs.
The document discusses several case studies of construction projects around the world. It analyzes factors that led to both success and failure. Three key lessons are: 1) effective communication and stakeholder management are critical; 2) projects require clear goals, oversight, and contingency planning for risks; and 3) developing a cohesive team through trust and collaborative problem-solving can help deliver projects on time and under budget despite challenges. The case studies demonstrate how proper project planning and leadership delivered important infrastructure projects, while a lack of coordination and responsiveness contributed to failures following natural disasters.
This document summarizes a presentation about constructability and successful implementation of a construction project while preserving existing trees. It discusses how the builder, Clayco, coordinated with the design, engineering, and arborist teams through techniques like BIM laser scanning, arborist walkthroughs, tree protection plans, and preconstruction meetings. Key challenges involved crane access roads, excavating around a bald cypress tree, and rerouting a stormwater line to preserve trees. Through education, coordination between teams, and maintaining a collective goal of tree preservation, the project was able to be built while saving extra trees on site.
This document discusses construction management and outlines the contents of a module on the topic. The module covers an introduction to construction projects, including types of construction projects, elements of construction projects, an overview of the construction industry, and the importance and functions of construction management. Specific topics that will be addressed include types of construction projects, elements of construction projects, activities of the construction industry, and functions of construction management.
PMP Lecture 1: Introduction to Project ManagementMohamed Loey
https://mloey.github.io/courses/pmp2017.html
https://www.youtube.com/watch?v=XUoEr6kee6k&list=PLKYmvyjH53q13_6aS4VwgXU0Nb_4sjwuf&index=1&t=2s
We will discuss the following: History of Project Management, Project Management, Program Management, Portfolio Management, Project Management Office, PMBOK, PMI.
The document discusses job layout, which is a scaled drawing of a construction site showing key features like entry/exit points, storage areas, and temporary facilities. It notes that a job layout is prepared to promote efficient work without obstructions. The document then provides:
- A brief history of static vs. dynamic site models.
- The purposes of preparing a job layout, which include saving time/money, safety, and maximizing output.
- Factors that affect job layout decisions, like the project nature, construction methods, and available resources.
- The principal steps in preparing a job layout, such as locating administrative areas, warehouses, and temporary roads.
Civil engineering focuses on infrastructure development and maintenance. It includes various specialties like construction, environmental, geotechnical, hydraulic, materials, structural, surveying, and transportation engineering. Civil engineers design and manage projects like water works, sewers, dams, power plants, roads, bridges, tunnels, and buildings. They apply principles of science and engineering to improve quality of life by developing infrastructure and facilities that provide basic public works and utilities.
This document discusses applying value engineering techniques to enhance the value of a slit housing component used in microscopes. The current slit housing design and manufacturing process were analyzed. Alternative designs and materials were brainstormed, and options were evaluated based on criteria like ease of use, durability, and cost. Implementing the proposed design changes resulted in a 36.79% reduction in per unit cost, translating to annual savings of over Rs. 573,200 for an annual demand of 10,000 units. The value engineering goals of identifying unnecessary functions, adding desirable functions, and reducing costs through eliminating redundancies were achieved.
Application of value engineering in constructionDr Ezzat Mansour
The document discusses the application of value engineering (VE) in construction projects. It provides an overview of VE, including its definition, methodology, and when it should be applied. The document then discusses how VE was used in the Bregana-Zagreb-Dubrovnik Motorway project in Croatia. VE studies identified opportunities to reduce costs and accelerate the project schedule. Specific changes included increasing the length of climbing forms for viaducts from 4m to 5m, which reduced formwork costs. Overall, approximately $43 million and 12 months were saved through VE applications on the project.
Advances and recent trends in Modeling and Analysis of BridgesAIT Solutions
Workshop under the Capacity Building Programme of the Southern Road Connectivity Project / Expressway Connectivity Improvement Plan Project, March 2016
Construction Managemnt
CONSTRUCTION MANAGERS / LEADERS
CONSTRUCTION MANAGEMENT PROCESS GROUPS
PROJECT MANAGEMENT KNOWLEDGE AREAS
PROJECT MANAGEMENT TRIANGLE
Muhammad Aljalali is an associate professor who teaches construction management courses. He has experience working for the Syrian government and advising public authorities. This document introduces the history of construction, from ancient structures like the Egyptian pyramids to modern bridges and tunnels. It discusses the nature of the construction industry, including the various participants and their roles, as well as contractual relationships and regulations. Construction projects are unique, complex processes involving design, bidding, construction, and operation. Construction management involves applying resources like money, labor, materials, and equipment to complete projects on time and on budget.
The Enterprise Project Structure (EPS) forms the hierarchical structure of your database of projects. Each EPS node (or folder) can be subdivided into multiple levels to represent the work that needs to be done in your organization.
By, Er.Nikhil Raj , Senior Planning Engineer.
CE 72.32 (January 2016 Semester) Lecture 5 - Preliminary Design and SizingFawad Najam
The document discusses the preliminary design process for tall buildings, which involves conceptual design, approximate analysis, and optimization before final design. It describes selecting a structural system based on architectural, mechanical, and electrical requirements. Preliminary sizing is done through iterative analysis and optimization of floor systems, lateral load-resisting systems, and structural schemes to satisfy code limits on drift and acceleration. Simplified software models and approximate analysis methods are used at this stage. The document also discusses factors that affect structural optimization and cost, such as height-to-width ratios, member sizes, and floor framing design.
This document discusses value management in construction. It provides definitions of value management and outlines its aims to examine alternative materials and designs to achieve the same function at lower cost through innovation. It then lists the members of a value management team and discusses key terminologies used in value management like value methodology, planning, control, analysis and engineering. The document also outlines some risks of value management in construction like time constraints, cost information issues, and team member selection. Finally, it discusses the typical costs involved in value management like facilitator and participant costs, venue costs, administrative costs and information gathering costs.
Cost management is the process of planning, estimating, budgeting, and controlling costs to help ensure a project is completed within its estimated budget. It involves setting budgets for costs, monitoring actual costs, ensuring costs remain aligned with forecasts, and taking action if actual costs exceed budgets. Effective cost management techniques include cost estimating, budgeting, and cost controlling processes like variance analysis and earned value management.
Value Analysis and Value Engineering in Material ManagementManoj Abraham
See the doc file(already uploaded) to see the contends in detail...copy n paste the beolw link...
http://www.slideshare.net/ManojAbraham/v-alue-analysis
Value Engineering for Roads & Highways Projectajmal4
1. Value engineering (VE) is a systematic method to improve value in projects by examining functions and reducing costs without compromising safety, quality, or environmental attributes.
2. VE uses a multidisciplinary team approach and function analysis to identify alternative solutions. It is applied early in project development for greatest impact.
3. Flexibility in design allows for VE by using sound engineering judgement rather than strict adherence to standards. Flexibility balances goals, needs, and stakeholder interests within reasonable design ranges.
QUALITY CONTROL AND SAFETY DURING CONSTRUCTIONIjmet 08 03_012IAEME Publication
The concept of Quality control has arisen to ensure that customer demands, and a level of quality and conformance are achieved. Quality Assurance is provided through the implementation of systemic management techniques ensuring control of the activities carried out by each party. This research provides a review of the topic of Quality control. In particular it looks at the meaning of quality control and the needs for its introduction into the construction industry. Current quality standards in the construction industry and the alternative quality systems, including the British Property Federation system, the Construction Industry Development Association's Code of Practice, and the Building and Construction Council's Quality Assessment Scheme are discussed. The quality control and safetyduring construction are highlighted
Group 1 presented their civil engineering project which involved designing roads, stormwater, sewer, and water networks for a site. They outlined the individual responsibilities of group members and the scope of inserting all civil services. They discussed the design standards used, constraints such as using Civil Designer software and time constraints due to student protests. The group confirmed they produced the required deliverables which included plans and longitudinal sections for stormwater, sewer, and roads designs.
Resource levelling is a technique in project management that overlooks resource allocation and resolves possible conflict arising from over-allocation. When project managers undertake a project, they need to plan their resources accordingly.
This will benefit the organization without having to face conflicts and not being able to deliver on time. Resource levelling is considered one of the key elements to resource management in the organization.
An organization starts to face problems if resources are not allocated properly i.e., some resource may be over-allocated whilst others will be under-allocated. Both will bring about a financial risk to the organization.
Resource levelling is required when there is a demand for resources more compared to the available supply.
Resource levelling helps an organization to make use of the available resources to the maximum. The idea behind resource levelling is to reduce wastage of resources i.e., to stop over-allocation of resources.
Project manager will identify time that is unused by a resource and will take measures to prevent it or making an advantage out of it.
By resource conflicts, there are numerous disadvantages suffered by the organization, such as:
Delay in certain tasks being completed
Difficulty in assigning a different resource
Unable to change task dependencies
To remove certain tasks
To add more tasks
Overall delays and budget overruns of projects
Value engineering is a systematic process that analyzes functional requirements to achieve essential functions at the lowest total cost while meeting performance, quality, and safety needs. It involves gathering information, analyzing functions, brainstorming alternatives, evaluating and selecting ideas, and implementing solutions. Value engineering can reduce costs, risks, and schedules for projects through improved designs and collaboration. It follows a structured process and uses function analysis to identify alternative approaches that deliver the best value. Benefits include cost savings, risk reduction, and improved designs.
The document discusses several case studies of construction projects around the world. It analyzes factors that led to both success and failure. Three key lessons are: 1) effective communication and stakeholder management are critical; 2) projects require clear goals, oversight, and contingency planning for risks; and 3) developing a cohesive team through trust and collaborative problem-solving can help deliver projects on time and under budget despite challenges. The case studies demonstrate how proper project planning and leadership delivered important infrastructure projects, while a lack of coordination and responsiveness contributed to failures following natural disasters.
This document summarizes a presentation about constructability and successful implementation of a construction project while preserving existing trees. It discusses how the builder, Clayco, coordinated with the design, engineering, and arborist teams through techniques like BIM laser scanning, arborist walkthroughs, tree protection plans, and preconstruction meetings. Key challenges involved crane access roads, excavating around a bald cypress tree, and rerouting a stormwater line to preserve trees. Through education, coordination between teams, and maintaining a collective goal of tree preservation, the project was able to be built while saving extra trees on site.
This document discusses construction management and outlines the contents of a module on the topic. The module covers an introduction to construction projects, including types of construction projects, elements of construction projects, an overview of the construction industry, and the importance and functions of construction management. Specific topics that will be addressed include types of construction projects, elements of construction projects, activities of the construction industry, and functions of construction management.
PMP Lecture 1: Introduction to Project ManagementMohamed Loey
https://mloey.github.io/courses/pmp2017.html
https://www.youtube.com/watch?v=XUoEr6kee6k&list=PLKYmvyjH53q13_6aS4VwgXU0Nb_4sjwuf&index=1&t=2s
We will discuss the following: History of Project Management, Project Management, Program Management, Portfolio Management, Project Management Office, PMBOK, PMI.
The document discusses job layout, which is a scaled drawing of a construction site showing key features like entry/exit points, storage areas, and temporary facilities. It notes that a job layout is prepared to promote efficient work without obstructions. The document then provides:
- A brief history of static vs. dynamic site models.
- The purposes of preparing a job layout, which include saving time/money, safety, and maximizing output.
- Factors that affect job layout decisions, like the project nature, construction methods, and available resources.
- The principal steps in preparing a job layout, such as locating administrative areas, warehouses, and temporary roads.
Civil engineering focuses on infrastructure development and maintenance. It includes various specialties like construction, environmental, geotechnical, hydraulic, materials, structural, surveying, and transportation engineering. Civil engineers design and manage projects like water works, sewers, dams, power plants, roads, bridges, tunnels, and buildings. They apply principles of science and engineering to improve quality of life by developing infrastructure and facilities that provide basic public works and utilities.
This document discusses applying value engineering techniques to enhance the value of a slit housing component used in microscopes. The current slit housing design and manufacturing process were analyzed. Alternative designs and materials were brainstormed, and options were evaluated based on criteria like ease of use, durability, and cost. Implementing the proposed design changes resulted in a 36.79% reduction in per unit cost, translating to annual savings of over Rs. 573,200 for an annual demand of 10,000 units. The value engineering goals of identifying unnecessary functions, adding desirable functions, and reducing costs through eliminating redundancies were achieved.
Application of value engineering in constructionDr Ezzat Mansour
The document discusses the application of value engineering (VE) in construction projects. It provides an overview of VE, including its definition, methodology, and when it should be applied. The document then discusses how VE was used in the Bregana-Zagreb-Dubrovnik Motorway project in Croatia. VE studies identified opportunities to reduce costs and accelerate the project schedule. Specific changes included increasing the length of climbing forms for viaducts from 4m to 5m, which reduced formwork costs. Overall, approximately $43 million and 12 months were saved through VE applications on the project.
Advances and recent trends in Modeling and Analysis of BridgesAIT Solutions
Workshop under the Capacity Building Programme of the Southern Road Connectivity Project / Expressway Connectivity Improvement Plan Project, March 2016
Construction Managemnt
CONSTRUCTION MANAGERS / LEADERS
CONSTRUCTION MANAGEMENT PROCESS GROUPS
PROJECT MANAGEMENT KNOWLEDGE AREAS
PROJECT MANAGEMENT TRIANGLE
Muhammad Aljalali is an associate professor who teaches construction management courses. He has experience working for the Syrian government and advising public authorities. This document introduces the history of construction, from ancient structures like the Egyptian pyramids to modern bridges and tunnels. It discusses the nature of the construction industry, including the various participants and their roles, as well as contractual relationships and regulations. Construction projects are unique, complex processes involving design, bidding, construction, and operation. Construction management involves applying resources like money, labor, materials, and equipment to complete projects on time and on budget.
The Enterprise Project Structure (EPS) forms the hierarchical structure of your database of projects. Each EPS node (or folder) can be subdivided into multiple levels to represent the work that needs to be done in your organization.
By, Er.Nikhil Raj , Senior Planning Engineer.
CE 72.32 (January 2016 Semester) Lecture 5 - Preliminary Design and SizingFawad Najam
The document discusses the preliminary design process for tall buildings, which involves conceptual design, approximate analysis, and optimization before final design. It describes selecting a structural system based on architectural, mechanical, and electrical requirements. Preliminary sizing is done through iterative analysis and optimization of floor systems, lateral load-resisting systems, and structural schemes to satisfy code limits on drift and acceleration. Simplified software models and approximate analysis methods are used at this stage. The document also discusses factors that affect structural optimization and cost, such as height-to-width ratios, member sizes, and floor framing design.
This document discusses value management in construction. It provides definitions of value management and outlines its aims to examine alternative materials and designs to achieve the same function at lower cost through innovation. It then lists the members of a value management team and discusses key terminologies used in value management like value methodology, planning, control, analysis and engineering. The document also outlines some risks of value management in construction like time constraints, cost information issues, and team member selection. Finally, it discusses the typical costs involved in value management like facilitator and participant costs, venue costs, administrative costs and information gathering costs.
Cost management is the process of planning, estimating, budgeting, and controlling costs to help ensure a project is completed within its estimated budget. It involves setting budgets for costs, monitoring actual costs, ensuring costs remain aligned with forecasts, and taking action if actual costs exceed budgets. Effective cost management techniques include cost estimating, budgeting, and cost controlling processes like variance analysis and earned value management.
Value Analysis and Value Engineering in Material ManagementManoj Abraham
See the doc file(already uploaded) to see the contends in detail...copy n paste the beolw link...
http://www.slideshare.net/ManojAbraham/v-alue-analysis
Value Engineering for Roads & Highways Projectajmal4
1. Value engineering (VE) is a systematic method to improve value in projects by examining functions and reducing costs without compromising safety, quality, or environmental attributes.
2. VE uses a multidisciplinary team approach and function analysis to identify alternative solutions. It is applied early in project development for greatest impact.
3. Flexibility in design allows for VE by using sound engineering judgement rather than strict adherence to standards. Flexibility balances goals, needs, and stakeholder interests within reasonable design ranges.
Value analysis and value engineering aim to reduce unnecessary costs through a systematic, creative approach. Value analysis focuses on identifying value as the relationship between function and cost, while value engineering takes a problem-solving perspective to improve value. The value methodology involves analyzing functions, determining functional worth, and providing necessary functions at lowest cost. Value engineering is applied through interdisciplinary teams using techniques like function analysis to develop cost-saving solutions.
Value_Analysis_and_Value_Engineering, A_seminar_by_Mohan_Kumar_GMohan Kumar G
This document provides an overview of value analysis and value engineering. It discusses the brief history of value analysis starting at General Electric during World War II. It defines value analysis as a technique to analyze product functions to enhance value without compromising quality. Value analysis is applied to existing products, while value engineering is applied during design of new products. The document discusses how to determine and increase value by improving functions or reducing costs. It provides examples of value engineering and outlines the benefits. Finally, it presents a case problem to think through applying value analysis to reduce costs of ceiling fan production.
This document provides an overview of value engineering (VE), including its history, key concepts, methodology, and applications. It can be summarized as follows:
1. VE was developed in the 1940s at GE by Larry Miles as a systematic approach to reducing costs and increasing value through function-based analysis. It has since been widely adopted to improve design, processes, and projects.
2. VE follows a methodology involving defining the functions of a product/process, establishing their costs, and generating alternatives to deliver the necessary functions at lower life cycle cost while maintaining performance.
3. VE uses techniques like function analysis, idea generation, and evaluation to identify opportunities to reduce costs without compromising quality or usefulness. Its
Value analysis and Value Engineering in Cost Controlsunilrajpawar
This document discusses value analysis and value engineering and their role in cost control. It defines value analysis as a systematic analysis that identifies the best value alternatives by considering functional value rather than price. Value engineering builds on value analysis by applying it to the design and manufacturing stages. Both aim to maximize a product's value through adding, modifying, or deleting factors while minimizing costs through avoidance, elimination, and prevention. They provide benefits such as decreased product costs without affecting quality or efficiency.
This document discusses value analysis and value engineering techniques. It provides information on value analysis procedures and steps. Key aspects covered include defining value, dividing value into different types, advantages of value analysis, and the implementation process. Value engineering is presented as a management approach to saving costs from a value perspective.
This presentation is about Value Engineering and contains:
1.History of VE
2.Value Concept
3.What is Value Engineering?
4.Implementation of VE in our project
5.Principle and Purpose of VE
6.Case Study
7.Conclusion
Application of Value Engineering in Commercial Building Projectsnitinrane33
The current construction industry conditions have entailed the use of rational method and techniques and
research and application of new techniques by utilizing advancements in technology in the field of production as well as in
every field. Value Engineering is a proven management technique that can make valuable contributions to value
enhancement and cost reduction in construction industry. Value Engineering is one of the most effective techniques
known to identify and eliminate unnecessary costs in product design, testing, manufacturing, construction, operations,
maintenance, data, procedures and practices. The methodology is composed of three main stages. The first stage is the
Pre-Study of the Value Engineering. The purpose of this stage is to plan and organize the value study. Value Engineering
is the systematic application of recognized techniques that identify the functions of the product or service, creatively
establish the worth of those functions, and provide only the necessary functions to meet the required performance at the
lowest overall cost. Value Engineering focuses on accomplishing the required functions at the lowest overall cost. It helps
in eliminating or minimizing wastage of material, time, and unnecessary cost, which improves value to the customer. The
second stage is the Value Study which is the core of Value Engineering study and it is composed of five phases, the
Information phase, Function Analysis Phase, Creative Phase, Evaluation Phase and the Presentation phase. All phases
and steps perform sequentially. Such sequence of the methodology is expected to assist in logical and systematic flow of
the process to achieve the targets of the VE study. The third stage is the Post Study. The objective during post-study
activities is to assure the implementation of the approved value study change recommendations. In this study, how the
principles of Value Engineering are applied in construction projects is explained, and by taking case study on commercial
building as the sample project, practices of Value Engineering in this project are described.
Application of Value Engineering in Construction Projectsnitinrane33
Value Engineering is a proven management
technique that can make valuable contributions to value
enhancement and cost reduction in construction industry.
Value Engineering is one of the most effective techniques
known to identify and eliminate unnecessary costs in product
design, testing, manufacturing, construction, operations,
maintenance, data, procedures and practices. The
methodology is composed of three main stages. The first stage
is the Pre-Study of the Value Engineering. The purpose of
this stage is to plan and organize the value study. Value
Engineering is the systematic application of recognized
techniques that identify the functions of the product or
service, creatively establish the worth of those functions, and
provide only the necessary functions to meet the required
performance at the lowest overall cost. Value Engineering
focuses on accomplishing the required functions at the lowest
overall cost. It helps in eliminating or minimizing wastage of
material, time, and unnecessary cost, which improves value to
the customer. The second stage is the Value Study which is
the core of Value Engineering study and it is composed of five
phases, the Information phase, Function Analysis Phase,
Creative Phase, Evaluation Phase and the Presentation phase.
All phases and steps perform sequentially. Such sequence of
the methodology is expected to assist in logical and systematic
flow of the process to achieve the targets of the VE study. The
third stage is the Post Study. The objective during post-study
activities is to assure the implementation of the approved
value study change recommendations. In this study, how the
principles of Value Engineering are applied in construction
projects is explained, and by taking case study on residential
building as the sample project, practices of Value
Engineering in this project are described.
This document discusses the application of value engineering principles to reduce costs in residential building construction. It describes conducting a value engineering study on a sample 2,160 square foot residential building in India. The building was analyzed using the five phase value engineering job plan approach. It was found that finishing works in the superstructure consumed a large portion of the costs. Alternatives like replacing cement plastering with gypsum and swapping wooden doors and windows for UPVC models were identified to improve value by reducing costs without compromising functions. The study demonstrated that applying value engineering techniques can help balance construction costs, time, and quality on residential building projects.
IRJET- Value Engineering-An Approach to Enhance Real Estate IndustryIRJET Journal
This document discusses how value engineering can enhance the real estate industry by identifying unnecessary costs. It begins with an introduction to value engineering, explaining that it is a systematic process that identifies necessary functions and delivers them at the lowest cost. It then provides the history and theory behind value engineering, including how it originated at General Electric during WWII to deal with material shortages. The document outlines the value engineering methodology, including information gathering, functional analysis, generation of alternatives, evaluation and development of recommendations. It argues that value engineering can improve quality, reliability and performance over the lifespan of a project while reducing costs.
The document provides an overview of value engineering, including its definition, purpose, and methodology. It defines value engineering as a systematic process that focuses on improving functions at the lowest cost while maintaining quality. The methodology involves 6 steps: information gathering, functional analysis, creativity, evaluation, development, and reporting. It also provides an example case study comparing the use of middle barrettes versus concrete bored piles for constructing a general cargo berth project at a port. Using piles was found to potentially reduce costs without compromising quality or functionality.
Review Application of value engineering in construction project.IRJET Journal
This document reviews the application of value engineering in construction projects. It discusses how value engineering aims to improve value by focusing on functions rather than minimizing costs alone. The value engineering process involves information collection, alternative generation, evaluation, and presentation of alternatives. Previous research studies how value engineering can help reduce construction time and costs through techniques like Mivan technology and CLC bricks. Value engineering analysis is estimated to reduce total project costs by 5-10% by identifying unnecessary expenditures. The literature review concludes that value engineering is an effective management method that can increase value and reduce costs in the construction sector.
This document provides details of a value management study conducted for a mixed development project in Port Dickson, Negeri Sembilan, Malaysia. It includes an introduction to value management, an executive summary of the project, and outcomes from the value management workshop. The workshop proposed several approaches to increase value for the client through minor adjustments to increase usable area and change parking orientation, while selecting alternative materials and roof types to reduce costs. Sketches and financial analyses were provided to support the recommendations.
IRJET- The Application of Value Engineering to Highway Projects and ProgramsIRJET Journal
This document discusses the application of value engineering to highway projects and programs. It begins with an introduction to value engineering, which aims to provide necessary project functions at the lowest possible cost while maintaining quality. It then outlines the 8 phases of a typical value engineering study: selection of projects, investigation of functions and costs, creative idea generation, evaluation of alternatives, development of recommendations, presentation to decision makers, and implementation. The document provides details on each phase and emphasizes that value engineering can help control expenditures and maximize value for highway agencies working with limited budgets.
This document discusses integrating lean supply chain principles with construction work planning and value engineering. It describes lean construction as focusing on maximizing value and reducing waste through techniques like supply chain management and just-in-time delivery. Work planning involves developing weekly construction schedules using a database program and lean techniques like last planner to improve planning and reduce issues. Value engineering analyzes design components to achieve essential functions at lowest cost through a structured creative process. Integrating these lean approaches can help construction projects improve planning, reduce waste and costs, and increase value.
This document discusses integrating lean supply chain management techniques with construction work planning and value engineering. It describes how lean principles like just-in-time delivery and eliminating waste can improve construction project delivery. Work planning involves developing weekly work packages and addressing any issues or constraints to work completion. Value engineering uses a structured process including information gathering, functional analysis, and idea generation to identify design or process alternatives that reduce costs over the life cycle of a project while meeting performance needs. Integrating these lean approaches can help construction management teams effectively plan work and continuously improve project value and efficiency.
THE SYNERGY BETWEEN VALUE ENGINEERING AND SUSTAINABLE CONSTRUTIONAnkit Singhai
This document discusses the synergy between value engineering and sustainable construction. It defines value engineering and sustainable construction, explaining that value engineering takes a life cycle cost approach to optimize function, quality, and cost in a project. Applying value engineering principles like functional analysis and alternative generation can help make construction projects more sustainable by reducing costs, waste, and environmental impacts over the full life cycle. The document outlines the value engineering job plan process and how applying it at early design phases can significantly improve sustainability and value in construction projects.
IRJET- A Study on Project Management Techniques to Avoid Project FailureIRJET Journal
This document discusses project management techniques to avoid project failure. It begins with an introduction to project management and definitions of key terms. The literature review then summarizes several academic papers on topics related to project failure such as identifying common causes of failure, project performance measurement, and techniques for scheduling projects with uncertainty. The conclusion reiterates that project management techniques must be tailored to the specific project and region, and that further research is needed to enhance understanding of avoiding project failure.
IRJET- A Case Study Analysis through the Implementation of Value EngineeringIRJET Journal
This document presents a case study on implementing value engineering to optimize the value of a bath fitting product. It discusses changing the material of the product's push button from brass to an aluminum alloy using pressure die casting. This reduces the total cost from Rs. 75 to Rs. 40 per push button without affecting functionality or quality. With 8000 units produced annually, this saves Rs. 2,80,000 per year. Value engineering techniques like functional analysis, creativity exercises, and decision matrices were used to evaluate alternatives and select the optimal material change.
AN APPRAISAL OF VALUE ENGINEERING AND THE AWARENESS LEVEL AMONGST NIGERIAN CO...Babatunde55
The document discusses value engineering, which aims to provide necessary functions at the lowest cost without reducing quality. It appraises value engineering awareness among Nigerian construction professionals. A survey found the term is not very well known, though some use cost control approaches similar to value engineering. Unhealthy practices and client/professional ignorance were seen as hindering its use. The document recommends seminars to educate professionals and clients on value engineering and its benefits.
Value management is a process that aims to deliver benefits to clients at the lowest possible cost. It examines alternative materials and designs to select options that provide the best functions while minimizing expenses. The key constraints in value management are time, cost, and quality. Risks include insufficient time and information, uniqueness of projects, and stakeholders' acceptance of changes. Costs involve facilitators, participants, venues, administration, research, and following recommendations.
The role of time, cost and quality in project managementIRJET Journal
This document discusses the roles of time, cost, and quality in project management. It states that these three factors are interrelated and impact each other, making it difficult for project managers to balance them. The document reviews literature that analyzed how planning, monitoring, and controlling impact the timely completion of construction projects. It also discusses how tools like Microsoft Project and Primavera P6 can help optimize schedules, budgets, and quality. Overall, the document examines the relationships between time, cost, and quality in project management and how effectively managing these key factors is important for project success.
Concurrent engineering (CE) takes a systematic approach to integrated product and process design from the beginning of the development process. This allows all life cycle issues to be considered upfront. CE overlaps the sequential phases of product development, reducing time and costs. It uses cross-functional teams where information flows bidirectionally. CE has led to dramatic decreases in development time and costs for large companies like Ford. While results can be impressive, implementation varies between companies and countries. CE requires well-organized teamwork throughout the concurrent product development process.
Value engineering aims to increase the value of a product by improving its functionality or reducing costs. It uses a team-based approach to evaluate a product's functions, manufacturing processes, costs, and design prior to major investments. The value engineering process involves information gathering, idea generation, analysis, development of proposals to improve value, and presentation of results. It seeks the lowest cost way to achieve desired functions rather than the lowest production costs.
Value Management Tutorial - VM Application in Cost PlanningYee Len Wan
This document discusses value management and cost management in the context of construction project planning. It outlines key differences between the two approaches, with value management focusing on functional design solutions through collaboration, while cost management controls project budgets. The document then provides examples of how value engineering can improve construction design, prioritize client needs, and enhance competitiveness. It also discusses essential components, common issues, and criteria for a successful value management study, including commitment from stakeholders, an experienced facilitator, consideration of sustainability, and satisfying client needs.
This presentation discusses value engineering and its eight step process. Value engineering is a systematic method to improve value by examining functions to identify unnecessary costs. It aims to increase value by decreasing costs while maintaining performance, or increasing performance if customers are willing to pay more. The eight steps of value engineering are: preparation, information, analysis, creation, evaluation, development, presentation, and verification. The goal is to develop alternative designs that lower costs while fulfilling required functions.
Similar to Value engineering in residential house construction (20)
Submission Deadline: 30th September 2022
Acceptance Notification: Within Three Days’ time period
Online Publication: Within 24 Hrs. time Period
Expected Date of Dispatch of Printed Journal: 5th October 2022
MODELING AND ANALYSIS OF SURFACE ROUGHNESS AND WHITE LATER THICKNESS IN WIRE-...IAEME Publication
White layer thickness (WLT) formed and surface roughness in wire electric discharge turning (WEDT) of tungsten carbide composite has been made to model through response surface methodology (RSM). A Taguchi’s standard Design of experiments involving five input variables with three levels has been employed to establish a mathematical model between input parameters and responses. Percentage of cobalt content, spindle speed, Pulse on-time, wire feed and pulse off-time were changed during the experimental tests based on the Taguchi’s orthogonal array L27 (3^13). Analysis of variance (ANOVA) revealed that the mathematical models obtained can adequately describe performance within the parameters of the factors considered. There was a good agreement between the experimental and predicted values in this study.
A STUDY ON THE REASONS FOR TRANSGENDER TO BECOME ENTREPRENEURSIAEME Publication
The study explores the reasons for a transgender to become entrepreneurs. In this study transgender entrepreneur was taken as independent variable and reasons to become as dependent variable. Data were collected through a structured questionnaire containing a five point Likert Scale. The study examined the data of 30 transgender entrepreneurs in Salem Municipal Corporation of Tamil Nadu State, India. Simple Random sampling technique was used. Garrett Ranking Technique (Percentile Position, Mean Scores) was used as the analysis for the present study to identify the top 13 stimulus factors for establishment of trans entrepreneurial venture. Economic advancement of a nation is governed upon the upshot of a resolute entrepreneurial doings. The conception of entrepreneurship has stretched and materialized to the socially deflated uncharted sections of transgender community. Presently transgenders have smashed their stereotypes and are making recent headlines of achievements in various fields of our Indian society. The trans-community is gradually being observed in a new light and has been trying to achieve prospective growth in entrepreneurship. The findings of the research revealed that the optimistic changes are taking place to change affirmative societal outlook of the transgender for entrepreneurial ventureship. It also laid emphasis on other transgenders to renovate their traditional living. The paper also highlights that legislators, supervisory body should endorse an impartial canons and reforms in Tamil Nadu Transgender Welfare Board Association.
BROAD UNEXPOSED SKILLS OF TRANSGENDER ENTREPRENEURSIAEME Publication
Since ages gender difference is always a debatable theme whether caused by nature, evolution or environment. The birth of a transgender is dreadful not only for the child but also for their parents. The pain of living in the wrong physique and treated as second class victimized citizen is outrageous and fully harboured with vicious baseless negative scruples. For so long, social exclusion had perpetuated inequality and deprivation experiencing ingrained malign stigma and besieged victims of crime or violence across their life spans. They are pushed into the murky way of life with a source of eternal disgust, bereft sexual potency and perennial fear. Although they are highly visible but very little is known about them. The common public needs to comprehend the ravaged arrogance on these insensitive souls and assist in integrating them into the mainstream by offering equal opportunity, treat with humanity and respect their dignity. Entrepreneurship in the current age is endorsing the gender fairness movement. Unstable careers and economic inadequacy had inclined one of the gender variant people called Transgender to become entrepreneurs. These tiny budding entrepreneurs resulted in economic transition by means of employment, free from the clutches of stereotype jobs, raised standard of living and handful of financial empowerment. Besides all these inhibitions, they were able to witness a platform for skill set development that ignited them to enter into entrepreneurial domain. This paper epitomizes skill sets involved in trans-entrepreneurs of Thoothukudi Municipal Corporation of Tamil Nadu State and is a groundbreaking determination to sightsee various skills incorporated and the impact on entrepreneurship.
DETERMINANTS AFFECTING THE USER'S INTENTION TO USE MOBILE BANKING APPLICATIONSIAEME Publication
The banking and financial services industries are experiencing increased technology penetration. Among them, the banking industry has made technological advancements to better serve the general populace. The economy focused on transforming the banking sector's system into a cashless, paperless, and faceless one. The researcher wants to evaluate the user's intention for utilising a mobile banking application. The study also examines the variables affecting the user's behaviour intention when selecting specific applications for financial transactions. The researcher employed a well-structured questionnaire and a descriptive study methodology to gather the respondents' primary data utilising the snowball sampling technique. The study includes variables like performance expectations, effort expectations, social impact, enabling circumstances, and perceived risk. Each of the aforementioned variables has a major impact on how users utilise mobile banking applications. The outcome will assist the service provider in comprehending the user's history with mobile banking applications.
ANALYSE THE USER PREDILECTION ON GPAY AND PHONEPE FOR DIGITAL TRANSACTIONSIAEME Publication
Technology upgradation in banking sector took the economy to view that payment mode towards online transactions using mobile applications. This system enabled connectivity between banks, Merchant and user in a convenient mode. there are various applications used for online transactions such as Google pay, Paytm, freecharge, mobikiwi, oxygen, phonepe and so on and it also includes mobile banking applications. The study aimed at evaluating the predilection of the user in adopting digital transaction. The study is descriptive in nature. The researcher used random sample techniques to collect the data. The findings reveal that mobile applications differ with the quality of service rendered by Gpay and Phonepe. The researcher suggest the Phonepe application should focus on implementing the application should be user friendly interface and Gpay on motivating the users to feel the importance of request for money and modes of payments in the application.
VOICE BASED ATM FOR VISUALLY IMPAIRED USING ARDUINOIAEME Publication
The prototype of a voice-based ATM for visually impaired using Arduino is to help people who are blind. This uses RFID cards which contain users fingerprint encrypted on it and interacts with the users through voice commands. ATM operates when sensor detects the presence of one person in the cabin. After scanning the RFID card, it will ask to select the mode like –normal or blind. User can select the respective mode through voice input, if blind mode is selected the balance check or cash withdraw can be done through voice input. Normal mode procedure is same as the existing ATM.
IMPACT OF EMOTIONAL INTELLIGENCE ON HUMAN RESOURCE MANAGEMENT PRACTICES AMONG...IAEME Publication
There is increasing acceptability of emotional intelligence as a major factor in personality assessment and effective human resource management. Emotional intelligence as the ability to build capacity, empathize, co-operate, motivate and develop others cannot be divorced from both effective performance and human resource management systems. The human person is crucial in defining organizational leadership and fortunes in terms of challenges and opportunities and walking across both multinational and bilateral relationships. The growing complexity of the business world requires a great deal of self-confidence, integrity, communication, conflict and diversity management to keep the global enterprise within the paths of productivity and sustainability. Using the exploratory research design and 255 participants the result of this original study indicates strong positive correlation between emotional intelligence and effective human resource management. The paper offers suggestions on further studies between emotional intelligence and human capital development and recommends for conflict management as an integral part of effective human resource management.
VISUALISING AGING PARENTS & THEIR CLOSE CARERS LIFE JOURNEY IN AGING ECONOMYIAEME Publication
Our life journey, in general, is closely defined by the way we understand the meaning of why we coexist and deal with its challenges. As we develop the "inspiration economy", we could say that nearly all of the challenges we have faced are opportunities that help us to discover the rest of our journey. In this note paper, we explore how being faced with the opportunity of being a close carer for an aging parent with dementia brought intangible discoveries that changed our insight of the meaning of the rest of our life journey.
A STUDY ON THE IMPACT OF ORGANIZATIONAL CULTURE ON THE EFFECTIVENESS OF PERFO...IAEME Publication
The main objective of this study is to analyze the impact of aspects of Organizational Culture on the Effectiveness of the Performance Management System (PMS) in the Health Care Organization at Thanjavur. Organizational Culture and PMS play a crucial role in present-day organizations in achieving their objectives. PMS needs employees’ cooperation to achieve its intended objectives. Employees' cooperation depends upon the organization’s culture. The present study uses exploratory research to examine the relationship between the Organization's culture and the Effectiveness of the Performance Management System. The study uses a Structured Questionnaire to collect the primary data. For this study, Thirty-six non-clinical employees were selected from twelve randomly selected Health Care organizations at Thanjavur. Thirty-two fully completed questionnaires were received.
Living in 21st century in itself reminds all of us the necessity of police and its administration. As more and more we are entering into the modern society and culture, the more we require the services of the so called ‘Khaki Worthy’ men i.e., the police personnel. Whether we talk of Indian police or the other nation’s police, they all have the same recognition as they have in India. But as already mentioned, their services and requirements are different after the like 26th November, 2008 incidents, where they without saving their own lives has sacrificed themselves without any hitch and without caring about their respective family members and wards. In other words, they are like our heroes and mentors who can guide us from the darkness of fear, militancy, corruption and other dark sides of life and so on. Now the question arises, if Gandhi would have been alive today, what would have been his reaction/opinion to the police and its functioning? Would he have some thing different in his mind now what he had been in his mind before the partition or would he be going to start some Satyagraha in the form of some improvement in the functioning of the police administration? Really these questions or rather night mares can come to any one’s mind, when there is too much confusion is prevailing in our minds, when there is too much corruption in the society and when the polices working is also in the questioning because of one or the other case throughout the India. It is matter of great concern that we have to thing over our administration and our practical approach because the police personals are also like us, they are part and parcel of our society and among one of us, so why we all are pin pointing towards them.
A STUDY ON TALENT MANAGEMENT AND ITS IMPACT ON EMPLOYEE RETENTION IN SELECTED...IAEME Publication
The goal of this study was to see how talent management affected employee retention in the selected IT organizations in Chennai. The fundamental issue was the difficulty to attract, hire, and retain talented personnel who perform well and the gap between supply and demand of talent acquisition and retaining them within the firms. The study's main goals were to determine the impact of talent management on employee retention in IT companies in Chennai, investigate talent management strategies that IT companies could use to improve talent acquisition, performance management, career planning and formulate retention strategies that the IT firms could use. The respondents were given a structured close-ended questionnaire with the 5 Point Likert Scale as part of the study's quantitative research design. The target population consisted of 289 IT professionals. The questionnaires were distributed and collected by the researcher directly. The Statistical Package for Social Sciences (SPSS) was used to collect and analyse the questionnaire responses. Hypotheses that were formulated for the various areas of the study were tested using a variety of statistical tests. The key findings of the study suggested that talent management had an impact on employee retention. The studies also found that there is a clear link between the implementation of talent management and retention measures. Management should provide enough training and development for employees, clarify job responsibilities, provide adequate remuneration packages, and recognise employees for exceptional performance.
ATTRITION IN THE IT INDUSTRY DURING COVID-19 PANDEMIC: LINKING EMOTIONAL INTE...IAEME Publication
Globally, Millions of dollars were spent by the organizations for employing skilled Information Technology (IT) professionals. It is costly to replace unskilled employees with IT professionals possessing technical skills and competencies that aid in interconnecting the business processes. The organization’s employment tactics were forced to alter by globalization along with technological innovations as they consistently diminish to remain lean, outsource to concentrate on core competencies along with restructuring/reallocate personnel to gather efficiency. As other jobs, organizations or professions have become reasonably more appropriate in a shifting employment landscape, the above alterations trigger both involuntary as well as voluntary turnover. The employee view on jobs is also afflicted by the COVID-19 pandemic along with the employee-driven labour market. So, having effective strategies is necessary to tackle the withdrawal rate of employees. By associating Emotional Intelligence (EI) along with Talent Management (TM) in the IT industry, the rise in attrition rate was analyzed in this study. Only 303 respondents were collected out of 350 participants to whom questionnaires were distributed. From the employees of IT organizations located in Bangalore (India), the data were congregated. A simple random sampling methodology was employed to congregate data as of the respondents. Generating the hypothesis along with testing is eventuated. The effect of EI and TM along with regression analysis between TM and EI was analyzed. The outcomes indicated that employee and Organizational Performance (OP) were elevated by effective EI along with TM.
INFLUENCE OF TALENT MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE A STUD...IAEME Publication
By implementing talent management strategy, organizations would have the option to retain their skilled professionals while additionally working on their overall performance. It is the course of appropriately utilizing the ideal individuals, setting them up for future top positions, exploring and dealing with their performance, and holding them back from leaving the organization. It is employee performance that determines the success of every organization. The firm quickly obtains an upper hand over its rivals in the event that its employees having particular skills that cannot be duplicated by the competitors. Thus, firms are centred on creating successful talent management practices and processes to deal with the unique human resources. Firms are additionally endeavouring to keep their top/key staff since on the off chance that they leave; the whole store of information leaves the firm's hands. The study's objective was to determine the impact of talent management on organizational performance among the selected IT organizations in Chennai. The study recommends that talent management limitedly affects performance. On the off chance that this talent is appropriately management and implemented properly, organizations might benefit as much as possible from their maintained assets to support development and productivity, both monetarily and non-monetarily.
A STUDY OF VARIOUS TYPES OF LOANS OF SELECTED PUBLIC AND PRIVATE SECTOR BANKS...IAEME Publication
Banking regulations act of India, 1949 defines banking as “acceptance of deposits for the purpose of lending or investment from the public, repayment on demand or otherwise and withdrawable through cheques, drafts order or otherwise”, the major participants of the Indian financial system are commercial banks, the financial institution encompassing term lending institutions. Investments institutions, specialized financial institution and the state level development banks, non banking financial companies (NBFC) and other market intermediaries such has the stock brokers and money lenders are among the oldest of the certain variants of NBFC and the oldest market participants. The asset quality of banks is one of the most important indicators of their financial health. The Indian banking sector has been facing severe problems of increasing Non- Performing Assets (NPAs). The NPAs growth directly and indirectly affects the quality of assets and profitability of banks. It also shows the efficiency of banks credit risk management and the recovery effectiveness. NPA do not generate any income, whereas, the bank is required to make provisions for such as assets that why is a double edge weapon. This paper outlines the concept of quality of bank loans of different types like Housing, Agriculture and MSME loans in state Haryana of selected public and private sector banks. This study is highlighting problems associated with the role of commercial bank in financing Small and Medium Scale Enterprises (SME). The overall objective of the research was to assess the effect of the financing provisions existing for the setting up and operations of MSMEs in the country and to generate recommendations for more robust financing mechanisms for successful operation of the MSMEs, in turn understanding the impact of MSME loans on financial institutions due to NPA. There are many research conducted on the topic of Non- Performing Assets (NPA) Management, concerning particular bank, comparative study of public and private banks etc. In this paper the researcher is considering the aggregate data of selected public sector and private sector banks and attempts to compare the NPA of Housing, Agriculture and MSME loans in state Haryana of public and private sector banks. The tools used in the study are average and Anova test and variance. The findings reveal that NPA is common problem for both public and private sector banks and is associated with all types of loans either that is housing loans, agriculture loans and loans to SMES. NPAs of both public and private sector banks show the increasing trend. In 2010-11 GNPA of public and private sector were at same level it was 2% but after 2010-11 it increased in many fold and at present there is GNPA in some more than 15%. It shows the dark area of Indian banking sector.
EXPERIMENTAL STUDY OF MECHANICAL AND TRIBOLOGICAL RELATION OF NYLON/BaSO4 POL...IAEME Publication
An experiment conducted in this study found that BaSO4 changed Nylon 6's mechanical properties. By changing the weight ratios, BaSO4 was used to make Nylon 6. This Researcher looked into how hard Nylon-6/BaSO4 composites are and how well they wear. Experiments were done based on Taguchi design L9. Nylon-6/BaSO4 composites can be tested for their hardness number using a Rockwell hardness testing apparatus. On Nylon/BaSO4, the wear behavior was measured by a wear monitor, pinon-disc friction by varying reinforcement, sliding speed, and sliding distance, and the microstructure of the crack surfaces was observed by SEM. This study provides significant contributions to ultimate strength by increasing BaSO4 content up to 16% in the composites, and sliding speed contributes 72.45% to the wear rate
ROLE OF SOCIAL ENTREPRENEURSHIP IN RURAL DEVELOPMENT OF INDIA - PROBLEMS AND ...IAEME Publication
The majority of the population in India lives in villages. The village is the back bone of the country. Village or rural industries play an important role in the national economy, particularly in the rural development. Developing the rural economy is one of the key indicators towards a country’s success. Whether it be the need to look after the welfare of the farmers or invest in rural infrastructure, Governments have to ensure that rural development isn’t compromised. The economic development of our country largely depends on the progress of rural areas and the standard of living of rural masses. Village or rural industries play an important role in the national economy, particularly in the rural development. Rural entrepreneurship is based on stimulating local entrepreneurial talent and the subsequent growth of indigenous enterprises. It recognizes opportunity in the rural areas and accelerates a unique blend of resources either inside or outside of agriculture. Rural entrepreneurship brings an economic value to the rural sector by creating new methods of production, new markets, new products and generate employment opportunities thereby ensuring continuous rural development. Social Entrepreneurship has the direct and primary objective of serving the society along with the earning profits. So, social entrepreneurship is different from the economic entrepreneurship as its basic objective is not to earn profits but for providing innovative solutions to meet the society needs which are not taken care by majority of the entrepreneurs as they are in the business for profit making as a sole objective. So, the Social Entrepreneurs have the huge growth potential particularly in the developing countries like India where we have huge societal disparities in terms of the financial positions of the population. Still 22 percent of the Indian population is below the poverty line and also there is disparity among the rural & urban population in terms of families living under BPL. 25.7 percent of the rural population & 13.7 percent of the urban population is under BPL which clearly shows the disparity of the poor people in the rural and urban areas. The need to develop social entrepreneurship in agriculture is dictated by a large number of social problems. Such problems include low living standards, unemployment, and social tension. The reasons that led to the emergence of the practice of social entrepreneurship are the above factors. The research problem lays upon disclosing the importance of role of social entrepreneurship in rural development of India. The paper the tendencies of social entrepreneurship in India, to present successful examples of such business for providing recommendations how to improve situation in rural areas in terms of social entrepreneurship development. Indian government has made some steps towards development of social enterprises, social entrepreneurship, and social in- novation, but a lot remains to be improved.
OPTIMAL RECONFIGURATION OF POWER DISTRIBUTION RADIAL NETWORK USING HYBRID MET...IAEME Publication
Distribution system is a critical link between the electric power distributor and the consumers. Most of the distribution networks commonly used by the electric utility is the radial distribution network. However in this type of network, it has technical issues such as enormous power losses which affect the quality of the supply. Nowadays, the introduction of Distributed Generation (DG) units in the system help improve and support the voltage profile of the network as well as the performance of the system components through power loss mitigation. In this study network reconfiguration was done using two meta-heuristic algorithms Particle Swarm Optimization and Gravitational Search Algorithm (PSO-GSA) to enhance power quality and voltage profile in the system when simultaneously applied with the DG units. Backward/Forward Sweep Method was used in the load flow analysis and simulated using the MATLAB program. Five cases were considered in the Reconfiguration based on the contribution of DG units. The proposed method was tested using IEEE 33 bus system. Based on the results, there was a voltage profile improvement in the system from 0.9038 p.u. to 0.9594 p.u.. The integration of DG in the network also reduced power losses from 210.98 kW to 69.3963 kW. Simulated results are drawn to show the performance of each case.
APPLICATION OF FRUGAL APPROACH FOR PRODUCTIVITY IMPROVEMENT - A CASE STUDY OF...IAEME Publication
Manufacturing industries have witnessed an outburst in productivity. For productivity improvement manufacturing industries are taking various initiatives by using lean tools and techniques. However, in different manufacturing industries, frugal approach is applied in product design and services as a tool for improvement. Frugal approach contributed to prove less is more and seems indirectly contributing to improve productivity. Hence, there is need to understand status of frugal approach application in manufacturing industries. All manufacturing industries are trying hard and putting continuous efforts for competitive existence. For productivity improvements, manufacturing industries are coming up with different effective and efficient solutions in manufacturing processes and operations. To overcome current challenges, manufacturing industries have started using frugal approach in product design and services. For this study, methodology adopted with both primary and secondary sources of data. For primary source interview and observation technique is used and for secondary source review has done based on available literatures in website, printed magazines, manual etc. An attempt has made for understanding application of frugal approach with the study of manufacturing industry project. Manufacturing industry selected for this project study is Mahindra and Mahindra Ltd. This paper will help researcher to find the connections between the two concepts productivity improvement and frugal approach. This paper will help to understand significance of frugal approach for productivity improvement in manufacturing industry. This will also help to understand current scenario of frugal approach in manufacturing industry. In manufacturing industries various process are involved to deliver the final product. In the process of converting input in to output through manufacturing process productivity plays very critical role. Hence this study will help to evolve status of frugal approach in productivity improvement programme. The notion of frugal can be viewed as an approach towards productivity improvement in manufacturing industries.
A MULTIPLE – CHANNEL QUEUING MODELS ON FUZZY ENVIRONMENTIAEME Publication
In this paper, we investigated a queuing model of fuzzy environment-based a multiple channel queuing model (M/M/C) ( /FCFS) and study its performance under realistic conditions. It applies a nonagonal fuzzy number to analyse the relevant performance of a multiple channel queuing model (M/M/C) ( /FCFS). Based on the sub interval average ranking method for nonagonal fuzzy number, we convert fuzzy number to crisp one. Numerical results reveal that the efficiency of this method. Intuitively, the fuzzy environment adapts well to a multiple channel queuing models (M/M/C) ( /FCFS) are very well.
Harnessing WebAssembly for Real-time Stateless Streaming PipelinesChristina Lin
Traditionally, dealing with real-time data pipelines has involved significant overhead, even for straightforward tasks like data transformation or masking. However, in this talk, we’ll venture into the dynamic realm of WebAssembly (WASM) and discover how it can revolutionize the creation of stateless streaming pipelines within a Kafka (Redpanda) broker. These pipelines are adept at managing low-latency, high-data-volume scenarios.
KuberTENes Birthday Bash Guadalajara - K8sGPT first impressionsVictor Morales
K8sGPT is a tool that analyzes and diagnoses Kubernetes clusters. This presentation was used to share the requirements and dependencies to deploy K8sGPT in a local environment.
Presentation of IEEE Slovenia CIS (Computational Intelligence Society) Chapte...University of Maribor
Slides from talk presenting:
Aleš Zamuda: Presentation of IEEE Slovenia CIS (Computational Intelligence Society) Chapter and Networking.
Presentation at IcETRAN 2024 session:
"Inter-Society Networking Panel GRSS/MTT-S/CIS
Panel Session: Promoting Connection and Cooperation"
IEEE Slovenia GRSS
IEEE Serbia and Montenegro MTT-S
IEEE Slovenia CIS
11TH INTERNATIONAL CONFERENCE ON ELECTRICAL, ELECTRONIC AND COMPUTING ENGINEERING
3-6 June 2024, Niš, Serbia
Using recycled concrete aggregates (RCA) for pavements is crucial to achieving sustainability. Implementing RCA for new pavement can minimize carbon footprint, conserve natural resources, reduce harmful emissions, and lower life cycle costs. Compared to natural aggregate (NA), RCA pavement has fewer comprehensive studies and sustainability assessments.
Introduction- e - waste – definition - sources of e-waste– hazardous substances in e-waste - effects of e-waste on environment and human health- need for e-waste management– e-waste handling rules - waste minimization techniques for managing e-waste – recycling of e-waste - disposal treatment methods of e- waste – mechanism of extraction of precious metal from leaching solution-global Scenario of E-waste – E-waste in India- case studies.
We have compiled the most important slides from each speaker's presentation. This year’s compilation, available for free, captures the key insights and contributions shared during the DfMAy 2024 conference.
6th International Conference on Machine Learning & Applications (CMLA 2024)ClaraZara1
6th International Conference on Machine Learning & Applications (CMLA 2024) will provide an excellent international forum for sharing knowledge and results in theory, methodology and applications of on Machine Learning & Applications.
Understanding Inductive Bias in Machine LearningSUTEJAS
This presentation explores the concept of inductive bias in machine learning. It explains how algorithms come with built-in assumptions and preferences that guide the learning process. You'll learn about the different types of inductive bias and how they can impact the performance and generalizability of machine learning models.
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2. Value Engineering In Residential House Construction, Nayana Tom V. Gowrisankar, Journal
Impact Factor (2015): 9.1215 (Calculated by GISI) www.jifactor.com
www.iaeme.com/ijciet.asp 47 editor@iaeme.com
construction and manufacturing. The Value Engineering technique directed toward analyzing the
functions of an item or process to determine best value or the best relationship between worth and
cost. Best value is represented by an item or process that performs the required basic function and
has the lowest life cycle cost. In this context the application of value engineering yield a better value
when construction is approached in a manner that incorporates environmentally-sound and energy-
efficient practices and materials. However the real objective of value engineering is value
improvement and that may not result in an immediate reduction in cost. Value engineering can be
used for the following benefits.
•••• Cost reduction
•••• Time savings
•••• Quality improvement
•••• Isolation of design deficiencies
Value engineering is thus not simply a cost cutting method but improving value for service
by modifying and enhancing functions. Value, as defined, is the ratio of function to cost. Value can
therefore be increased by either improving the function or reducing the cost.
Reasons for poor value can be that, lack of information, decisions based on wrong beliefs,
habitual thinking, negative attitudes, and reluctance to seek advice, shortage of time, changing
technology, and lack of yard stick to measure value, old specifications and poor human relations.
Value engineering gets closer to cost control because it looks at ways to reduce cost on
specific items or activities. However, it does not look at the total project picture or check the daily
performance it focuses only on specific items in the designs, procurement or construction area.
II. VALUE ENGINEERING JOB PLAN
In all the projects, application of value analysis on the different stages of the construction
project like design stage, architectural design stage, structural design stage, execution stage and so
on.
Application of value engineering/analysis is done by using job plan which is a systematic and
organized approach. VA job plan is the key of success for a value management exercise. It is through
this plan that the already identified areas of value study are subjected to in-depth application to seek
new and creative alternatives. The job plan required the formation of a multidisciplinary team
representing a cross section o technical field to conduct the program. A multi disciplinary approach
generates more and better ideas gives greater impact of decisions and costs on all services, and
develops better communication among the members of team. There are different job plan existing
and are selected as per suitability of the project and requirement which are entitled as
•••• Five phase job plan
•••• Six phase job plan
•••• Seven phase job plan
•••• Eight phase job plan
Job plan mentioned above comprises of the selected set of phases as mentioned below, which
are identified from various literatures;
• Information phase
• Investigation phase
3. Value Engineering In Residential House Construction, Nayana Tom V. Gowrisankar, Journal
Impact Factor (2015): 9.1215 (Calculated by GISI) www.jifactor.com
www.iaeme.com/ijciet.asp 48 editor@iaeme.com
• Creative phase
• Analytical phase
• Judgment phase
• Development phase
• Recommendation phase
• Presentation phase
• Implementation phase
• Follow-up phase
Out of which most commonly used phases for above completed projects in India, which is
considered as five phase job plan also known as standard job plan and most suitable in Indian context
are described below
A. Information phase
In this phase maximum information regarding problem is collected from various aspects of
the project to clearly identify the problem to be solved and gather information on the background,
function and requirements of the project. The importance of this phase lies in collection of as much
possible information collection for understanding and assisting the problem
B. Creative t phase
The value engineering team lists creative ideas generated from its review of the project with
the aim of obtaining a large number of ideas through brainstorming and association of creative
proposals The VE team is looking for the greatest quantity of ideas, which will subsequently be
screened, in the next phase of the study. This issue is one of the most challenging for VE team
members and participants. Many of the ideas brought forth in the creative phase are a result of work
done in the
C. Judgment phase
Creative ideas are analyzed, and the team selects the best ideas for further development. The
VE team evaluates the ideas developed during the creative phase. The VE team ranks the ideas. Ideas
found to be irrelevant or not worthy of additional study are disregarded; those ideas that represent the
greatest potential for cost savings and improvements are selected for development are selected for
the further development.
D. Development Phase
The team prepares alternative designs with capital and/or life cycle cost comparisons of
original designs and proposed alternatives. All recommendations are supplemented with written
descriptions, sketches, basic design concepts, technical information and cost summaries. The
selected ideas are developed into proposals that are clearly written so that the owner and other
project stakeholders understand the intent of the proposal and how it benefits the project, and also to
identify any potential negative factors associated with the proposal.
E. Recommendation Phase
The recommendation phase is important, as the selected alternatives are presented to top
management with the full comparative position of costs as well as technical ranking. The major
changes in design are also described briefly with sketches, drawings or models as appropriate.
4. Value Engineering In Residential House Construction, Nayana Tom V. Gowrisankar, Journal
Impact Factor (2015): 9.1215 (Calculated by GISI) www.jifactor.com
www.iaeme.com/ijciet.asp 49 editor@iaeme.com
III. VALUE ENGINEERING IN CONSTRUCTION
Value engineering is being a very effective approach , must be appreciated and understood at
all level of the project management and must be accepted worldwide. This is one of the tools
available for the engineer, and its application on projects and products guides the engineer’s
imagination, creativity, and synthesis of knowledge such that whole- life value is achieved for the
project or product. Essentially, the project or product is viewed from its purpose and functions
through to its conception, actualization or manufacture and usage. And simultaneously in a reverse
order from its usage back to its purpose and functions. Although value engineering has its origin in
the manufacturing industry, its methodology has been well developed for use in the construction
industry. The realization of whole- life value for a building project involves finding optimum
combinations of initial project costs, maintenance cost, and cost associated with the time for
completion of the project. Value engineering is technique directed towards analyzing the functions of
an item or process to determine “best value” or the best relation between the cost and value.
IV. CASE STUDY ON A RESIDENTIAL BUILDING PROJECT
A. Optimal Building Project
The goal of any construction project is to obtain an optimal solution to the design problem.
The factors that determine building project and its cost are as follows;
• The purpose and functions for which the building is intended.
• A clear concept about the owner’s total needs.
• The aesthetic appeal of the building to the public and the public’s perception of the value in
the building.
• The architectural system and finishes specified for the building, and the need of these systems
and finishes to perform under all expected loading conditions.
• The structural form and materials.
• The heating, ventilating, air conditioning, and public health systems specified for the building
and the need to provide a comfortable environment to building users under operational
conditions.
• The lighting, electric power and telecommunication systems specified for the building and its
need to provide reliable and adequate services under operational conditions.
• The method of construction, the ease of construction and the time for completion of
construction.
• The ease of maintenance, the replacement cycle of components, and maintenance
requirements.
The value engineering proved that it can deliver optimal construction and also it identifies a
level of quality for the project. This is done by representing the functional relationships in a FAST
diagram and there analysed to get the cost of individual functions in the FAST diagram.
B. Study Area Selection
Since the study aims at an optimal construction practice for residential building an individual
housing construction project has chosen. The objective of the study over this housing project is to
find a maximum value to the end user for the cost he spends on it.
C. Data Collection
The data collection is done by following the philosophies of information phase which is the
first phase of VE job plan. Aim of the data collection is to know the problem well. Data gathered
from interviewing and collecting project related materials from owner, contractor and designer
5. Value Engineering In Residential House Construction, Nayana Tom V. Gowrisankar, Journal
Impact Factor (2015): 9.1215 (Calculated by GISI) www.jifactor.com
www.iaeme.com/ijciet.asp 50 editor@iaeme.com
concerned with the project undertaken. The collected data will be the base for the further progress of
the study.
The information collected in the first phase of the study is as follows;
Owners requirements
Basic site and building details
Drawings
Activities to be carried out
Estimation details
Current price of various materials.
Problems involved
All the collected data are tabulated for the easy access and usage. Any additional data which
is collected further should be added to the existing collection.
D. Owners Requirements
The owner processes vital role in completing the construction task in desired way. Owner’s
expectation, requirements and participation will direct the mode of construction because the end user
of the facility that to be constructed is the owner. The owner will feel the value of the facility that he
has spend on if only his desires and expectation are accomplished in the project. So in order to get a
better understanding regarding owner’s views and desires on the facility, a direct interview has
conducted and the data has been tabulated
E. Problems Identified
TABLE I: Problems Identified
SL.
No.
Problems to be Solved and Optimised
1 While demolishing the existing building debris disposal and environmental factors
2 Laterite usage for walls
3 High expenditure for wooden works for door, window and ventilators
4 Compound wall construction with gate
5 Hand rail material
6 Roofing type above slab and material
7 Make place for water tank without affecting cost and appearance
9 Find the most aesthetic and economical material for parapet wall
10 Reduce the wall capturing area between living and dining areas
11 Make effective usage of the portion beneath stair
12
Evaluate the possibility of making wooden sealing using the material from existing
old building
13 Effective workforce resource for excavation foundation (men or machine)
14 Correct the stair dimensions and style
15 Safety to stair case users
16 Use of aesthetically pleasing and more durable materials without increasing cost
17 Energy efficiency in electric lightings
6. Value Engineering In Residential House Construction, Nayana Tom V. Gowrisankar, Journal
Impact Factor (2015): 9.1215 (Calculated by GISI) www.jifactor.com
www.iaeme.com/ijciet.asp 51 editor@iaeme.com
F. Alternate Ideas Generated
For each problem a number of alternate ideas has been generated and are their functions are
noted with classification according to their necessity as either basic function or secondary function.
The basic functions were notated as ‘B’ and secondary functions were notated as ‘S’. Then the ideas
were made into a spreadsheet template and are ranked according to their practical implementation
possibility.
V. CONCLUSION
By carrying out the value engineering job plan, the project related information were
scrutinized and examined and following points were concluded;
• The information phase, have much importance to know the problem well
• The idea generation will be easier if the information are wide and plenty
• Decisions on idea selection may vary upon the relevancy of the information collected.
• For getting a better out for value engineering implementation in a house building the
following data are essential while information phase.
Detailed Estimation
Current resource price in market
Basic building and site data
Owner’s requirements
Activities involved
Collection and study of drawings
Problems involved
Miscellaneous data
ACKNOLEDGEMENT
Our gratitude to Almighty, family members, friends, t, and also acknowledge the support and
help of all others who all concerned about this thesis.
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BIOGRAPHY
NAYANA TOM Student, pursuing master of engineering in construction
engineering and management from EBET group of institution Erode, Tamilnad,
India (DOB: 16-03-1991) she is born in Kerala, India. She has pursued her
Bachelor of Engineering from Vickram Collage of Engineering Sivagangai, India.
She is currently doing her PG thesis on value engineering in construction industry.
V. GOWRISANKAR Currently working as Assistant Professor in department of
Civil Engineering, EBET Group of Institutions Erode, Tamilnadu, India. (DOB:
26-07-1987) He is born in Erode, Tamilnadu, India. Pursued his Bachelor of
Engineering from Kongu College of Engineering Erode, India and Master of
Engineering from Bennari Amman Institute of Technology, Sathyamangalam,
India. He is specialized in Structural engineering. He has an experience of 1 year in
teaching profession and 3 years of industrial service.