An Analysis of Expectations in Industrial Value Engineering Projects

Abstract

Addressing the need to identify specific upfront expectations into industrial value engineering projects, this mixed methods study was conducted on selected author’s projects. The analysis includes a total base population of 90 projects, which were conducted between 2010 and 2018 in 16 different industries. Out of this baseline, 63 projects had a narrower value engineering context. Those have been analysed with the support of a CAQDAS tool (Computer Assisted Qualitative Data Analysis Software). Analytical results show that participants’ interpretation of the term ‘value engineering’ are expressed by their expectations and vary with regards to goals and procedural approach. Based on these findings the author recommends further consecutive research steps with the goal to close the gap between expectations and results and better anticipate participants’ requirements.