Value Engineering

Whether you are interested in enhancing your own applications of VE and LCC – or you need to understand the current methodology in order to hire a practitioner and oversee the process – this unique publication will provide the information you are seeking. The book shows you: How to organize and apply VE and life cycle costing for maximum benefit Real-life VE demonstration projects – professionally organized reports, with recommendations you can apply right now Project workbook with forms to conduct a complete VE study

List of Figures. Preface and Acknowledgements. About the Author. Introduction: A Briefing. The Objectives of Value Engineering. The Reasons for Unnecessary Costs. When to Apply Value Engineering. VE Methodology and Techniques. InterfaceWith Other Programs. Demonstrated Impact of VE. Part One: Value Engineering: Practical Applications. Chapter One: Project Scope and Budget. Elements of the Project Budget. Prevalent Budgeting Techniques. Cost Control. Defining Project Scope. Parameters and Parameter Cost. Chapter Two: The Capitalized Income Approach to Project Budgeting (CIAPB). CIAPB Objectives. Measuring Property Value. The Meaning of Capitalization. The Capitalization Process. The Need for Cost Control. Chapter Three: Preparation of Cost Models. Making Models. Construction Cost Models. Other Resources. Types of Models. Chapter Four: Planning for Value Engineering Services. VE Objectives. Level of Effort. VE and Total Project Management. Team Selection. The VE Job Plan. Chapter Five: Function Analysis. Classifying Function. Defining Functions. Project Level Function Analysis System Techniques (FAST) Diagram. Chapter Six: Creativity and Interpersonal Skills. Creativity and Fixation. Interpersonal Skills. Human Factors. Creativity Throughout the Job Plan. The Generation of Ideas. Delphi Technique. Value Engineering—A Crafted Strategy. Chapter Seven: Life Cycle Costing. Decision Makers' Impact on LCC. LCC and Total Building Costs. LCC Terminology and Examples. LCC Methodology. Application of LCC to Buildings. Chapter Eight: Integrating VE into the Construction Industry. Planning and Design. Construction. Maintenance and Operations (M&O). Chapter Nine: VE Applications to Risk Assessment and Analysis. Risk Assessment. Risk Analysis. Part Two: Case Studies. Case Study One: Corporate Office Building. Case Study Two: Hospital and Staff Housing Complex. Case Study Three: Refinery Facility. Case Study Four: Master Planning Competition. Case Study Five: Application to Design Review Government Headquarters/Complex. Case Study Six: Highway Project: South Interchange. Case Study Seven: Wastewater Treatment Plant. Part Three: VEWorkbook. Introduction. List of Forms. Phase 1: Information Phase. Phase 2: Function Phase. Phase 3: Creative Phase. Idea Stimulator Checklist. Phase 4: Analysis/Judicial Phase. Analysis/Judicial Phase: Analysis/Development. Analysis/Judicial Phase: Analysis/Evaluation. Phase 5: Recommendation. Phase 6: Presentation & Implementation. Appendix. Web Site Resources. Value Engineering Services for CM/PM: Typical Scope ofWork. Glossary of Terms. Index. Part Four: Diskette. Life Cycle Cost Program with Linked Database. VEWorkbook Forms with Supporting Linkages.