"UTILIZING CRAVE FRAMEWORK FOR A BETTER VALUE ENGINEERING AND RISK MANA" by Kamal Jaafar, Bilal Maarouf et al.
The construction industry in UAE, companies tend to take informal risk without calculated measures. Companies need to control risk in order to create value and maintain the quality of their services. To accomplish this, risk management team and value engineering team should be working as one team. Through Value Engineering and Risk Management, companies will be succeeded in delivering their project with low risk at a high value. In order to achieve better value for money and quality deliverables, the industry will require an effective management for the risk integrated in their project. Theref...
Source: uow.edu.au