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- W851054085 abstract "The process of Value Engineering (VE) has initially adopted by the private sector in order to eliminate unnecessary costs and improve functional requirements. Since its initiation, VE implementation has been leaded by private firms in the Korean construction industry. In 1999, the public sector started actively pursing the design phase VE processes, which resulted from legislation of 'Efficiency Enhancement Plan for Public Construction Projects'. However, the industry has not been fully benefited from VE implementation due to disregard of basic principles and lack of systematic performance measurement systems. This paper includes extensive reviews of VE principles and its traditional processes in order to provide aids in preparing an optimal design phase VE process that can significantly increase the benefits of implementing VE. It also outlines important issues that need to be considered when developing a systematic VE performance measurement system by comparing domestic VE performance data with that of FHWA which is largely recognized as a leading VE implementor. Conclusions and recommendations will be served as guidelines in order to continuously improve the VE implementation process and increase its positive impacts." @default.
- W851054085 created "2016-06-24" @default.
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- W851054085 date "2004-01-01" @default.
- W851054085 modified "2023-09-24" @default.
- W851054085 title "Assessment of Design Phase VE Process and Its Impacts" @default.
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