VALUE ADDITION IN WALL PLASTER

The aim of value engineering is to design a product that will represent the optimum value to the manufacturer and customer. Value Engineering is a systematic step by step methodology for continuous improvement of products, process, service and system. Value Engineering is often done by systematically multi stage job plan. This project introduces how to apply theories and methods of Value Engineering in the Wall Plastering. Value Engineering is a proven management technique that can make valuable contributions to value enhancement and cost reduction of the wall plastering. The basic fundamental of Value Engineering with its different phases which can be implemented in any product to optimize its value. A case study of Wall Plastering is discussed in which the ingredients of plaster is changed according to the value engineering methodology. The material is chosen such that the cost is reduced without affecting the value of the product and its design. We have used the material which is more adhesive than traditional one. We have also think about the chemical reaction of the materials. To find the best possible alternative from the choices we have used the tools such as Function analysis, Functional Evaluation and Decision Matrix, which gives the most appropriate results. Hence as a result of the analysis the cost is reduced