This document provides an introduction and overview of value engineering. [1] It is a systematic approach to improving value through function-based analysis. [2] The goal is to satisfy user needs with high quality at the lowest life cycle cost. [3] A value engineering study involves analyzing project functions, generating alternatives, and recommending solutions to reduce costs without compromising quality or performance.
This document provides an introduction and overview of value engineering. [1] It is a systematic approach to improving value through function-based analysis. [2] The goal is to satisfy user needs with high quality at the lowest life cycle cost. [3] A value engineering study involves analyzing project functions, generating alternatives, and recommending solutions to reduce costs without compromising quality or performance.
This document provides an introduction and overview of value engineering. [1] It is a systematic approach to improving value through function-based analysis. [2] The goal is to satisfy user needs with high quality at the lowest life cycle cost. [3] A value engineering study involves analyzing project functions, generating alternatives, and recommending solutions to reduce costs without compromising quality or performance.
This document provides an introduction and overview of value engineering. [1] It is a systematic approach to improving value through function-based analysis. [2] The goal is to satisfy user needs with high quality at the lowest life cycle cost. [3] A value engineering study involves analyzing project functions, generating alternatives, and recommending solutions to reduce costs without compromising quality or performance.
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LECTURE 09
VALUE ENGINEERING INTRODUCTION
• A systematic and function-based approach to
improving the value of products, projects, or processes. • An organized study of functions to satisfy the user’s needs with a quality product at the lowest life cycle cost through applied creativity and Win-for-All synergy. • A creative approach to optimize project life cycle costs, save time, increase profits, improve quality, expand market share, solve problems, and/or use resources more effectively. (PMI) INTRODUCTION
• "the systematic application of recognized
techniques by a multi-disciplined team to identify the function of a product or service, establish a worth for that function, generate alternatives through the use of creative thinking, and provide the needed functions to accomplish the original purpose of the project, reliably, and at the lowest life-cycle cost without sacrificing safety, necessary quality, and environmental attributes of the project” (http://www.fhwa.dot.gov/construction/cqit/vecp.cfm) INTRODUCTION
• Value engineering may be broadly defined as an organized
approach in identifying unnecessary costs in design and construction and in soliciting or proposing alternative design or construction technology to reduce costs without sacrificing quality or performance requirements. It usually involves the steps of gathering pertinent information, searching for creative ideas, evaluating the promising alternatives, and proposing a more cost effective alternative. This approach is usually applied at the beginning of the construction phase of the project life cycle. (http://pmbook.ce.cmu.edu/03_The_Design_And_Construction_Process.html) HOW IT WORKS?
• Analyze the functionality of a product
• Formal process that breaks components of a project into functions • A team of experts then identifies solutions that will satisfy the function • States an estimated cost for each function • 80% of a project cost can be found in 20% of the items • Demonstrates a function as compared with that of a competitor's CONCEPT OF VALUE
Value = Function Cost • Function, Performance and Quality Must Meet the Owners Minimum Requirements
• “Best Value Worth “ can be Defined as the Least Cost to Accomplish the Function to an Acceptable Degree
• Note that Increased Costs Lowers Best Value Worth - Unless there is an Equal or Greater Increase in Function, Performance or Quality
• Also note that Funding Limits and Shortfalls May Stop Progress, Delay Schedules or End Project Implementation WHEN TO USE?
• Value Engineering is used to determine the best design
alternatives for Projects, Processes, Products, or Services • Value Engineering is used to reduce cost on existing Projects, Processes, Products, or Services. • Value Engineering is used to improve quality, increase reliability and availability, and customer satisfaction . • Value Engineering is also used to improve organizational performance. • Value Engineering is a powerful tool used to identify problems and develop recommended solutions. Six Step Value Engineering Job Plan Information Clearly Clearlyidentify identifythe theproblem(s) problem(s)to tobe besolved, solved,and andgather gather Information Gathering information informationononthe thebackground, background,functions functionsand and Gathering requirements requirementsofofthe theproduct, product,process, process,or orsystem. system.
Development/ Rank Rankall allideas ideasfrom fromtop topto tobottom bottomaccording accordingto totheir their Development/ Customer Customer priority.Take priority.Takecare carewhat whatthe theend-users end-userswant. want. Features Features Get Getmanagement managementapproval approvalfor forgo-ahead, go-ahead,make make Recommendation Recommendation management /Implementation managementplan, plan,make makeassignments, assignments,implement, implement,follow- follow- /Implementation up. up. 8 Phase Phase SUCCESSFUL VE STUDY
The following elements are required:
• Top level commitment and support from the owner • A qualified VE team leader and experienced members • A well managed VE programme • An appropriate project approach based on function analysis and proven VE methodology • Cooperation between the owner, the VE team and the designer, along with empathy for the designer’s position (http://www.cey.ca/library/valueengineering.pdf) VIDEO PART 1 https:// www.youtube.com/watch?v=L-TfAfip1ME PART 2 https://www.youtube.com/watch? v=35WPjJ0b4Ro&t=34s LEAN CONSTRUCTION https://www.youtube.com/watch? v=OTH0z6xSSJM
