Value Engineering
Process
All Value Engineering (VE) studies follow the VE Methodology/Job Plan. VE uses creative thinking to develop innovative ideas and emphasizes improving project quality, eliminating unnecessary cost and reducing overall life-cycle cost.
Value Engineering Job Plan
Selection
Identification of projects for VE study, and select specific projects to achieve:
- Maximum value
- Quality improvements
- Energy savings and
- Other benefits, such as a shorter construction schedule
Investigation
Acquisition of knowledge of design to be studied, determine its basic functions, and assess its major functions, cost and relative worth.
Speculation
Brainstorm functions of design elements isolated by the investigation and develop alternatives for each.
Evaluation
Analysis of speculation results and selection of ideas for further study.
Development
Collection of additional data to analyze the best alternatives selected during the evaluation and preparation of cost estimates and initial designs that ensure acceptability and ultimate project implementation.
Presentation
Presentation of recommended alternatives to decision makers for their consideration and potential approval.
Implementation
Ensure approved recommendations are rapidly and properly translated into action to achieve savings of proposed project improvements.
