Evaluation and modulation of value and management risk engineering in ESP projects: A case study in hydroelectric projects of Kohkilooyeh and Boyer Ahmad

Abstract

In this research, we considered the issue of using value management in EPC projects to be able to make changes in implementation methods in major parts of the project. In addition to saving time and money, increasing and maintaining the quality and as a result enhancing the value indicators were the main reasons for doing the present study. In this applied research which is the hydroelectric power plant project of Kohkilooyeh and Boyer Ahmad and was conducted by EPC method, we wanted to find out whether we can improve the implementation process, reduce the costs and achieve a shorter time to conduct the project whether by applying the value engineering method in this project, along with improving or maintaining the quality. It is clearly stated that the value engineering has great ability in reducing the costs of completing the project. Since, it caused the 22% reduction of the cost of project value. On the other hand, it was determined that based on the results of chapter four of risk management, the results of value engineering were reliable, because regarding the mathematics hope and analysis done, the time of completing the project have not changed significantly by reducing 22% of the cost of project value. So, it can be claimed with certainty that results of value engineering have high reliability.