A Review on the Role of Risk Management (RM) and Value Engineering (VE) Tools for Project Successful Delivery

Both in developed and developing countries, the construction industry is regarded as an economic investment activity without forgetting its significant relationship with national development due to great contributions gross domestic product (GDP) of country. Concerning processes, both risk management (RM) value engineering (VE) techniques have commonalities from beginning up completion project enhancing value/quality, meeting deadline, reducing overall cost. VE includes resolving uncertainty objectives ensuring that delivered a for money way. The key point RM solve itself results ensure specifications are achieved within prescribed time, cost, quality constraints. This review work comparatively collectively focused on assessing role tools successful delivery. It studies points difference common features two aspects terms So, this study concluded tool cannot be chief aim all parties involved execution because sometimes it produces negative reduces success. Therefore, needs strong combination dependence target identifying risks by considering highest performance lowest integration single would avoid duplication deliver better thereby leading outcomes.