Cost Estimation and Value Engineering in High-Rise Construction Projects: A Case Study Approach

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.