Overcoming the Impact of Covid-19 Outbreak Using Value Integrated Project Delivery Model

Ramya Rithik 15 PAGES (7259 WORDS) Article
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ABSTRACT

Value engineering is a systematic approach, widely used to optimize the design or process or product in the designing stage. It used to achieve the client's obligation by increasing the functionality and attain the targeted cost in the cost planning. Value engineering effectiveness and benefits decrease along with the progress of the project since the change in the scope of the work and design will account for more cost all along the lifecycle of the  project.  Integrating  the  value  engineering  with  other  project  management  activities  will  promote  cost minimization, client satisfaction, and ensure early completion of the project in time. Previous research studies suggested  that  value  engineering  can  integrate  with  other  project  delivery  activities,  but  research  studies unable  to  frame  a  model  that  collaborates  the  project  management  activities  with  the  job  plan  of  value engineering approach. Analysing various project management activities and their synergy between each other have  studied.  The  project  management  activities  and  processes  like  a)risk  analysis  b)lifecycle  cost  analysis c)lean  construction  d)facility  management  e)Building  information  modelling  f)Contract  administration, collaborated, and project delivery model planned along with the RIBA plan of work. The key outcome of the research is a value-driven project  delivery model,  which will  succeed in  dealing with  the economic impact, constraints  and  conflicts  arise  due  to  the  COVID-19  outbreak  in  the  Indian  construction  sector.  Benefits associated  with  the  structured  framework  is  construction  project  delivery  that  ensures  early  contractor involvement,  mutual  risk  sharing,  and  reviving  the  project  with  a  cost  overrun  and  delay  back  on  track, discussed in the research  KEYWORDS : COVID-19, Project delivery

ABSTRACT
Value engineering is a systematic approach, widely used to optimize the design or process or product in the
designing stage. It used to achieve the client's obligation by increasing the functionality and attain the targeted
cost in the cost planning. Value engineering effectiveness and benefits decrease along with the progress of the
project since the change in the scope of the work and design will account for more cost all along the lifecycle of
the project. Integrating the value engineering with other project management activities will promote cost
minimization, client satisfaction, and ensure early completion of the project in time. Previous research studies
suggested that value engineering can integrate with other project delivery activities, but research studies
unable to frame a model that collaborates the project management activities with the job plan of value
engineering approach. Analysing various project management activities and their synergy between each other
have studied. The project management activities and processes like a)risk analysis b)lifecycle cost analysis
c)lean construction d)facility management e)Building information modelling f)Contract administration,
collaborated, and project delivery model planned along with the RIBA plan of work. The key outcome of the
research is a value-driven project delivery model, which will succeed in dealing with the economic impact,
constraints and conflicts arise due to the COVID-19 outbreak in the Indian construction sector. Benefits
associated with the structured framework is construction project delivery that ensures early contractor
involvement, mutual risk sharing, and reviving the project with a cost overrun and delay back on track,
discussed in the research
KEYWORDS : COVID-19, Project delivery
ABSTRACT
Value engineering is a systematic approach, widely used to optimize the design or process or product in the
designing stage. It used to achieve the client's obligation by increasing the functionality and attain the targeted
cost in the cost planning. Value engineering effectiveness and benefits decrease along with the progress of the
project since the change in the scope of the work and design will account for more cost all along the lifecycle of
the project. Integrating the value engineering with other project management activities will promote cost
minimization, client satisfaction, and ensure early completion of the project in time. Previous research studies
suggested that value engineering can integrate with other project delivery activities, but research studies
unable to frame a model that collaborates the project management activities with the job plan of value
engineering approach. Analysing various project management activities and their synergy between each other
have studied. The project management activities and processes like a)risk analysis b)lifecycle cost analysis
c)lean construction d)facility management e)Building information modelling f)Contract administration,
collaborated, and project delivery model planned along with the RIBA plan of work. The key outcome of the
research is a value-driven project delivery model, which will succeed in dealing with the economic impact,
constraints and conflicts arise due to the COVID-19 outbreak in the Indian construction sector. Benefits
associated with the structured framework is construction project delivery that ensures early contractor
involvement, mutual risk sharing, and reviving the project with a cost overrun and delay back on track,
discussed in the research
KEYWORDS : COVID-19, Project delivery
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APA

Ramya, R (2020). Overcoming the Impact of Covid-19 Outbreak Using Value Integrated Project Delivery Model. Afribary.com: Retrieved December 02, 2020, from https://afribary.com/works/overcoming-the-impacts-of-covid-19-outbreak-using-value-integrated

MLA 8th

Rithik, Ramya. "Overcoming the Impact of Covid-19 Outbreak Using Value Integrated Project Delivery Model" Afribary.com. Afribary.com, 27 Aug. 2020, https://afribary.com/works/overcoming-the-impacts-of-covid-19-outbreak-using-value-integrated . Accessed 02 Dec. 2020.

MLA7

Rithik, Ramya. "Overcoming the Impact of Covid-19 Outbreak Using Value Integrated Project Delivery Model". Afribary.com, Afribary.com, 27 Aug. 2020. Web. 02 Dec. 2020. < https://afribary.com/works/overcoming-the-impacts-of-covid-19-outbreak-using-value-integrated >.

Chicago

Rithik, Ramya. "Overcoming the Impact of Covid-19 Outbreak Using Value Integrated Project Delivery Model" Afribary.com (2020). Accessed December 02, 2020. https://afribary.com/works/overcoming-the-impacts-of-covid-19-outbreak-using-value-integrated