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.