Value Analysis and Value Engineering

Value Analysis and Value Engineering

Railway construction projects involve major capital investments, and a slight variance in design could lead to a significant change in the total project cost. To achieve value for money, it is necessary to optimize the design as far as possible. However, in reducing costs, it is important that key project objectives such as system capacity and operational flexibility are not sacrificed. It involves

  • Identifying major cost drivers
  • Devising explicit knowledge representations for these cost drivers
  • Analyzing how they could be optimized without compromising key requirements such as the passenger-carrying capacity.