1 Corresponding author: Theingi Aung Email: taung@lincoln.edu.my 39 Vol. 02, No. 01 (2024) 39-44, doi: 10.61552/JIBI.2024.01.005 - http://jibi.aspur.rs THE APPLICATION OF VALUE ENGINEERING ANALYSIS IN FAÇADE CONSTRUCTION: A CASE STUDY OF SIX STOREY BUILDING FACADE Theingi Aung 1 Received 01.10.2023. Sui Reng Liana Revised 22.11.2023. Arkar Htet Accepted 12.12.2023. Amiya Bhaumik Keywords: Value engineering, façade, cost saving, Myanmar construction industry, SAVE International. A B S T R A C T Value engineering analysis is a methodical approach used to find and eliminate superfluous expenses within various domains such as projects, processes, and the construction industry, with the aim of improving both quality and performance. In order to achieve a harmonious equilibrium between time, money, and quality, the present circumstances and methodologies within the construction sector of Myanmar necessitate a substantial amount of dedication and exertion. Due to this rationale, value engineering (VE) is an established management approach that facilitates the enhancement of project value and the realization of cost savings in construction projects. The objective of this study was to identify alternative materials that are more cost-effective than the original design for the exterior of the hospital building, while ensuring that the chosen materials retain their inherent value. Based on the findings of the study, the implementation of value engineering techniques resulted in a cost reduction of up to 7.6 percent for the façade work. This research assesses the financial benefits derived from the use of Value Engineering (VE) in a six-story hospital located in Yangon. The study specifically focuses on the utilization of materials of intermediate grade for the facade construction. This research endeavor aims to contribute to the existing corpus of knowledge on value engineering by conducting a comprehensive analysis of a specific case study. © 2024 Journal of Innovations in Business and Industry 1. INTRODUCTION The size, complexity, and dynamic nature of the construction industry act as a gauge of a nation's economic development (Behm 2008). An important part of project management while developing a building project is keeping project expenditures under control. One of the methods is through utilizing the value engineering process (VE) (Berawi 2014). VE is a decision-making process that is based on a systematic, multidisciplinary approach. Its effectiveness is measured by looking at the function that maximizes a project's value. The best benefit of a project may be attained by determining the functions necessary to achieve the intended target value. Additionally, VE provides these services at the most affordable rates while still