FRAMEWORK FOR OPTIMIZED VALUE DELIVERY IN CONSTRUCTION: AN ANALYSIS OF TATA STEEL LIMITED'S PRACTICES

Author Name: 1. Surya Prakash Prabhakar, 2. Dr. Sandeep Kumar

Volume/Issue: 06/01

Country: India

DOI NO.: 08.2020-25662434 DOI Link: https://doi-ds.org/doilink/06.2025-13232329/UIJIR

Affiliation:

1. Research Scholar, Sarala Birla University, Ranchi, Jharkhand, India.
2. Associate Professor, Faculty of Commerce and Business Management, Sarala Birla University, Ranchi, Jharkhand, India.

ABSTRACT

This research paper examines the framework for optimized value delivery in the construction industry, with a specific focus on the practices employed by Tata Steel Limited. The study investigates how value engineering principles, supply chain management, and lean construction methodologies contribute to enhanced project outcomes and stakeholder satisfaction. Through a comprehensive analysis of Tata Steel's approach, this paper aims to identify key strategies and best practices that can be applied across the construction sector to improve efficiency, reduce costs, and maximize value delivery.

Key words: Value Engineering, Construction optimization, Tata Steel Limited, Supply Chain Management, Lean Construction