Cost Value Engineering

Cost value engineering is another subject that is new to us. It teaches us maximize the value of a product without changing the quality of it. There is an organisation that governs the people that have involvement in VM is IVMM. The organisation consist of different consultant with different roles. For example, the QS will handle costing and budgeting related task.

For this subject, we have an assignment which involves us to work in a group. We have to conduct a VM study on the chosen project. Each group has a different project. We have chosen a project of an examination hall and conduct the VM study from scratch. We have to discuss as a team to decide which VM tool to use for this project. By using the case study, it has helped us to make the final decision on which VM tool to be used.