Value Engineering Methodology in the Management of Existing Projects – Case Study of 'Mansoura University Hotel' (Dept. (EEMT) )

The main objective of this study is to reach a better relationship between the performance and the cost of any project. The Value Engineering characterized by a distinctive methodology for studying, analyzing and evaluating the projects; As work out with this study aims to raise the value of the project through the formulation of a valuable compromise curriculum works on measuring the special needs of users of the project and linked to cost in order to delete the unnecessary cost to achieve the balance between the performance of the project and its cost, thereby increasing its quality and value. The work plan of the Value Engineering is summarized, first, in gathering information about the project from documented sources, second, the functions of project are being analysed hence the performance is linked to the cost by classifying those functions, third, the team work moves to the phase of generating innovative ideas, proposals and alternatives of the project achieve the same performance and at a lower cost and delete the unnecessary functions, fourth, those alternatives will be evaluated, tested the best of them and delete the inappropriate ideas. The study of the requirements of users’ project is the main step to create the vacuum compatible with the needs of these users through the ruling values of the society. Functionality is determined to design this valuable project through the integration of structural, cultural, natural and interactive functions. Finally it can be concluded that linking the architectural study of the project with the psychology of the user to design spaces is humanly and functionally fit with the current and the future user.