Thesis Abstract

Abstract
Cost estimation and value engineering play crucial roles in the successful planning and execution of high-rise construction projects. This thesis delves into the intricacies of these aspects within the context of high-rise construction, focusing on a case study approach to provide practical insights and recommendations for industry professionals. The research is motivated by the need to enhance cost efficiency, optimize project value, and address the challenges specific to high-rise developments. The introductory chapter sets the foundation for the study by presenting the background, problem statement, objectives, limitations, scope, significance, structure of the thesis, and definition of key terms. Chapter two comprises a comprehensive literature review encompassing ten key areas related to cost estimation and value engineering in high-rise construction projects. This section synthesizes existing knowledge and identifies gaps in understanding, paving the way for the original research conducted in subsequent chapters. Chapter three delineates the research methodology employed, including the research design, data collection methods, sampling strategy, data analysis techniques, and ethical considerations. The chapter provides a detailed account of how the case study approach was applied to investigate real-world instances of cost estimation and value engineering in high-rise construction projects. Chapter four presents a thorough discussion of the findings derived from the case study analysis. The chapter elucidates the challenges faced, best practices identified, and lessons learned in the realm of cost estimation and value engineering. The findings are analyzed in light of theoretical frameworks and practical implications, offering valuable insights for industry practitioners and academics alike. In the final chapter, chapter five, the conclusions drawn from the research are summarized, highlighting key takeaways and implications for practice. Recommendations for improving cost estimation accuracy and implementing value engineering strategies in high-rise construction projects are provided. The thesis underscores the importance of integrating cost management practices with value-enhancing techniques to achieve project success and sustainability in the dynamic construction landscape. In conclusion, this thesis contributes to the body of knowledge on cost estimation and value engineering in high-rise construction projects through a systematic investigation of real-world scenarios. By leveraging a case study approach, the research offers practical recommendations and insights that can inform decision-making processes and enhance project outcomes. The findings presented in this thesis serve as a valuable resource for industry professionals, researchers, and stakeholders involved in high-rise construction projects seeking to optimize costs and maximize value creation.

Thesis Overview

The project titled "Cost Estimation and Value Engineering in High-Rise Construction Projects: A Case Study Approach" aims to explore and analyze the critical aspects of cost estimation and value engineering within the context of high-rise construction projects. High-rise construction projects present unique challenges and complexities due to their scale, structural requirements, and cost implications. This research seeks to address these challenges by focusing on the integration of effective cost estimation techniques and value engineering principles to optimize project costs while maintaining quality and performance standards. The research will begin by providing an introduction to the topic, highlighting the significance of cost estimation and value engineering in high-rise construction projects. The background of the study will delve into the existing literature and theoretical frameworks surrounding cost estimation and value engineering, emphasizing their importance in the construction industry. The problem statement will identify the key issues and gaps in current practices related to cost estimation and value engineering in high-rise projects. The objectives of the study will outline specific goals, including evaluating different cost estimation methods, assessing the application of value engineering principles, and analyzing the impact of these strategies on project outcomes. The limitations of the study and the scope of research will define the boundaries and constraints within which the study will be conducted, ensuring a focused and feasible investigation. The significance of the study lies in its potential to contribute to the body of knowledge in quantity surveying and construction management by providing practical insights and recommendations for improving cost estimation and value engineering practices in high-rise construction projects. By conducting a detailed case study analysis, the research aims to offer real-world examples and lessons learned that can benefit industry professionals, project managers, and decision-makers involved in high-rise construction. The structure of the thesis will be organized into distinct chapters, including an introduction, literature review, research methodology, discussion of findings, and conclusion. Each chapter will address specific aspects of the research topic, building a comprehensive and coherent argument supported by empirical evidence and scholarly sources. Overall, this research overview sets the stage for an in-depth exploration of cost estimation and value engineering in high-rise construction projects, aiming to enhance project efficiency, cost-effectiveness, and sustainability through evidence-based recommendations and best practices.