Value Engineering

Value Engineering
Value Engineering

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Identify Project

  • Identify study project
  • Identify project responsibilities
  • Define study goals
  • Prepare study outline
  • Prepare contractual documents

Select Team

  • Select team members
  • Select team leader
  • Select resource advisors
  • Determine study logistics
  • Conduct preparation meeting

Prepare Data

  • Collect and distribute data
  • Develop cost models
  • Determine project issues
  • Issue study charter

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Create ideas

  • Focus on functions
  • List all ideas
  • Use group brainstorming
  • Use individual brainstorming

Analyze Functions

  • Analyze project data
  • Identify project functions
  • Prepare FAST diagram
  • Determine cost by function

Inform Team

  • Outline study methodology
  • Present designer’s overview
  • Present stakeholder’s issues
  • Visit project site

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Evaluate ideas

  • Determine alternative criteria
  • Rate each idea
  • List advantages and disadvantages

Develop Alternatives

  • Develop alternative concepts
  • Prepare sketches and calculations
  • Estimate costs, LCC benefits/costs
  • Document alternatives, design suggestions

Present Alternatives

  • Group key alternatives
  • Identify mutual exclusivity
  • Give informal oral presentation
  • Record comments

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Implement alternatives

  • Determine alternative criteria
  • Rate each idea
  • List advantages and disadvantages

Assess Alternatives

  • Develop alternative concepts
  • Prepare sketches and calculations
  • Estimate costs, LCC benefits/costs
  • Document alternatives, design suggestions

Report Alternatives

  • Group key alternatives
  • Identify mutual exclusivity
  • Give informal oral presentation
  • Record comments