The document discusses the application of value engineering on capital projects. It provides an overview of the value engineering job plan and function analysis system technique. It then presents a case study of value engineering applied to Florida's State Road 826 project. The value engineering study for this project identified 31 creative ideas to improve the $291.95 million project, 11 of which were further evaluated. Recommendations developed from this process aimed to improve the project's value in terms of capital cost, constructability, and meeting functional requirements within the constraints of no additional right-of-way.
This presentation is about Value Engineering and contains:
1.History of VE
2.Value Concept
3.What is Value Engineering?
4.Implementation of VE in our project
5.Principle and Purpose of VE
6.Case Study
7.Conclusion
A Framework for Synergy, Collaboration, Exploration, Creativity, Discovery & Innovation. A Team activity to balance need, function & cost.
bsauter@workbench20.com
www.workbench20.com
Value Management concentrates on the actual needs of the user to focus its resources. It is different to cost-cutting exercises, which achieve economies by using less or cheaper materials.
The Value Management approach involves the use of creative techniques, combined with the latest technical information on materials and construction methods.
Value Analysis and Value Engineering -Function & Evaluation of FunctionJayaprakash Manickaraj
VAVE is a wide topic and i tried to go depth in understanding function and evaluating it. Most of the topic extracted from L.D Miles Book 'Techniques of value Analysis and Engineering
This presentation is about Value Engineering and contains:
1.History of VE
2.Value Concept
3.What is Value Engineering?
4.Implementation of VE in our project
5.Principle and Purpose of VE
6.Case Study
7.Conclusion
A Framework for Synergy, Collaboration, Exploration, Creativity, Discovery & Innovation. A Team activity to balance need, function & cost.
bsauter@workbench20.com
www.workbench20.com
Value Management concentrates on the actual needs of the user to focus its resources. It is different to cost-cutting exercises, which achieve economies by using less or cheaper materials.
The Value Management approach involves the use of creative techniques, combined with the latest technical information on materials and construction methods.
Value Analysis and Value Engineering -Function & Evaluation of FunctionJayaprakash Manickaraj
VAVE is a wide topic and i tried to go depth in understanding function and evaluating it. Most of the topic extracted from L.D Miles Book 'Techniques of value Analysis and Engineering
Life-Cycle Phases
Engineering and Production Stages
Inception Phase
Elaboration Phase
Construction Phase
Transition Phase
Artifacts of the Process
The Artifact Sets
Management Artifacts
Engineering Artifacts
Pragmatic Artifacts
Model-based software Architectures
Architecture: A Management Perspective
Architecture: A Technical Perspective
Workflows of the Process
Software Process Workflows
Iteration Workflows
Checkpoints of the Process
Major Milestones
Minor Milestones
Periodic Status Assessments
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Performing an effective mapping session with your team can accelerate your DevOps and digital transformation journey.
In a prior webinar, we discussed creating a value stream map of your current state which is the foundation for creating a future state map. Join Marc Hornbeek, principal consultant and author with Jeff Keyes, Director of marketing at Plutora for an engaging “how to” style session on performing value stream mapping of future or proposed state.
In this webinar you’ll learn:
A walk-through of how to create a future state value stream map including the key
calculations and metrics
Several tips on how to identify the most critical bottlenecks to be targeted for improvement in a future state value stream map
A discussion of a real-world future state value stream map
With increasing pressure to improve quality while cutting costs, process improvement is a top priority for many organizations right now; but once we've implemented a process improvement initiative, how do we accurately measure the benefits? Benchmarking is critical to determining the success of any serious process improvement program. As with any type of measurement program, it requires an initial reference point to measure progress. To set our point of comparison, we first need to perform a benchmark on a contemporary sample of projects that are representative of the typical work that we do. In this webinar, industry expert Larry Putnam, Jr. will take you through the necessary steps to perform a successful benchmark - from collecting quantitative and qualitative data to establish the initial baseline benchmark all the way through to performing follow up benchmarks on new projects and process improvement analysis.
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Using Excel with NetPoint to provide a schedule that identifies hand-offs and completion dates, easily communicates the schedule with the team and with decision makers, calculate the critical path, include logic relationships to ensure reliability, and improve performance.
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The College Bus Management system is completely developed by Visual Basic .NET Version. The application is connect with most secured database language MS SQL Server. The application is develop by using best combination of front-end and back-end languages. The application is totally design like flat user interface. This flat user interface is more attractive user interface in 2017. The application is gives more important to the system functionality. The application is to manage the student’s details, driver’s details, bus details, bus route details, bus fees details and more. The application has only one unit for admin. The admin can manage the entire application. The admin can login into the application by using username and password of the admin. The application is develop for big and small colleges. It is more user friendly for non-computer person. Even they can easily learn how to manage the application within hours. The application is more secure by the admin. The system will give an effective output for the VB.Net and SQL Server given as input to the system. The compiled java program given as input to the system, after scanning the program will generate different reports. The application generates the report for users. The admin can view and download the report of the data. The application deliver the excel format reports. Because, excel formatted reports is very easy to understand the income and expense of the college bus. This application is mainly develop for windows operating system users. In 2017, 73% of people enterprises are using windows operating system. So the application will easily install for all the windows operating system users. The application-developed size is very low. The application consumes very low space in disk. Therefore, the user can allocate very minimum local disk space for this application.
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In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
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A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
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The Single Aisle is the most advanced family aircraft in service today, with fly-by-wire flight controls.
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Practical Application of Value Engineering in Capital Projects
1. Practical Application of Value Engineering
in Capital Projects
Francisco Cruz, PE, VMA, VDC, RMP
Senior Director
PMA Consultants LLC
One of the major challenges faced by owners, designers and contractors is the right
application of value engineering on their projects. This presentation will provide an
overview of the value engineering job plan, function analysis system technique, and will
discuss a case study so participants can apply value engineering on their projects
2. EXPOSITOR
Mr. Francisco Cruz of PMA Consultants LLC is a senior director with
over 16 years of experience in cost control, cost estimating, scheduling
management, risk management, value engineering, project inspection,
and supervisory management. His project experience includes
infrastructure, pharmaceutical, mixed-use, corporate office buildings,
and municipal projects. He has worked on projects in USA, Europe,
South America, Asia and the Caribbean.
10+ year Membership at AACE International
AACE Dominican Republic – Current VP Communications
SAVE International – Current Florida Chapter’s Secretary
Certified as Value Management Associate (VMA) from SAVE Int’l
Licensed Professional Engineer (PE), PMP, RMP, VDC
ALGO QUE NO SABEN DE MÍ:
Mr. Cruz has performed cost and schedule risk analyses and value
engineering studies on more than 110 pharmaceutical and
infrastructure projects, including tunnels, airports, bridges, roads, and
ports totaling more than US$47B
3. CONTENT
• Principles and Purpose of Value Engineering
• Implementing the Value Engineering Job Plan
• Case Study – Florida’s State Road 826 (Palmetto Expressway)
• Conclusion
5. Value Engineering (VE)
• Value Engineering is the systematic application of function-
oriented techniques by a multi-disciplined team to analyze and
improve the value of a product, process or service, and it is
designed to eliminate or prevent unnecessary cost.
• VE often realizes over 10 to 1 return and 30 percent savings
• Also known as Value Analysis (VA) or Value Management (VM)
• VE is not a cost reduction, decrease resources or scope deletion
exercise!
• Common standards include ASTM E1699-14(2020) and ASTM
E2013-20
6. Value Engineering History
• 1947 VE Methodology Established at GE during WWII
• 1954 Adopted by US Navy
• 1959 SAVE International Formed
• 1969 NASA Incorporates VE
• 1993 OMB circular requires VE
• 1995 National Highway Systems Act
• 1997 FHWA Federal Regulation (23 CFR 627)
• 2014 Updated Federal Regulation
8. Purpose of VE (Why)
• Improve Constructability
• Mitigate Risks
• Reduce Stakeholder Issues
• Improve the Project Schedule
• Reduce Overall Project Costs
• Reduce Operating Costs
Source: Fun-tion Analysis, SAVE Int’l FL Chapter (2021)
9. Projects Best Suited for VE (What)
• 23 CFR 627
• $50M Projects
• $40M Bridge Projects
• Not Design Build
• Any project FHWA determines appropriate
• Some DOT’s Have Their Own Thresholds
• >$25M Projects
• Major Bridges
• Complex Projects
• Based on Project Manager Requests
10. Application of VE (When)
Overall Project Duration: Concept to Fully Operational
Concept Definition Design
Develop
or Build
Application
(Testing)
Post-
Completion
Generic Life-
Cycle Phases
VE Studies
are
recommended
between
Concept and
60% Design
Plan
Identify
Assess
Mitigate (actions may occur over entire duration of project)
Respond (actions may occur over entire duration of project)
First comprehensive risk
evaluation for project
Emphasis is on qualitative analysis
Risk Register (updated routinely over course of project)
Plan
Identify
Assess
Mitigate (actions may occur over entire duration of project)
Respond (actions may occur over entire duration of project)
Second comprehensive risk evaluation for project, often done in
conjunction with evaluation of project options
Qualitative + Quantitative analyses
Plan
Identify
Assess
Review s/evaluation can be “ad hoc” or performed on regular
frequency
Qualitative + Quantitative analyses
Mitigate (actions may occur over entire duration )
Respond (actions may occur over entire duration)
Risk Management During Execution of Project
11. Project Team Selection (Who)
• Team Leaders
• Consultant or In-house
• Team Members
• Civil/Structural
• Mech./Electrical
• Estimator, Scheduler, Claims
• Value Specialists
• Users/Operations/Maintenance
• Specialized Expertise
Core team has 5-8 Participants
12. VE Study Location (Where)
• Key Items to Consider
• Who is the audience?
• What needs to be addressed?
• Is the location a familiar place?
• Is the meeting area accessible?
• Is the space the right size?
• Establish Ground Rules
• Nominate Referee: with “Red Card” just like soccer match
• Nominate a Timekeeper
• Use of Scribes
14. Value Engineering Job Plan
Function Analysis
Investigation
Independent
Speculation
Presentation of
Findings
Evaluation
Development
15. VE Job Plan - Information
• Kickoff Meeting
• Project Overview
• Questions for the Design Team and Stakeholders’ Input
• Constraints, Issues, Risks, Exclusions
• Requirements and Performance Attributes
• Site Visit
• Record any Observations and Take Pictures
• Post Site Visit
Informatio
n
Function
Analysis
Creative Evaluation
Develop
Recommendation
s
Presentatio
n
16. VE Job Plan – Function Analysis
• Define Functions
• Express in 2 words: active verb and measurable noun
• Classify the Functions
• Basic and Secondary Functions; High Order and Low Order Functions
• Estimate the Cost to Perform the Function
• Refine the Scope to Show Enhancements
Informatio
n
Function
Analysis
Creative Evaluation
Develop
Recommendation
s
Presentatio
n
17. VE Job Plan – Function Analysis
Informatio
n
Function
Analysis
Creative Evaluation
Develop
Recommendation
s
Presentatio
n
Function Analysis System Technique (FAST)
Higher
Order
Function
Secondary
Function
Secondary
Function
Secondary
Function
Secondary
Function
Lower
Order
Function
Project
Objective
All-the-Time
Functions
One-Time
Functions
Basic
Function
Secondary
Function
SUBJECT SCOPE
Critical Function Logic Path
How? Why?
18. VE Job Plan – Function Analysis
Informatio
n
Function
Analysis
Creative Evaluation
Develop
Recommendation
s
Presentatio
n
Source: FDOT Value Engineering Overview
19. VE Job Plan – Function Analysis
Informatio
n
Function
Analysis
Creative Evaluation
Develop
Recommendation
s
Presentatio
n
20. VE Job Plan – Creative
• Generate Ideas for Alternatives Ways to Perform Identified Functions
• Involve All Team Members
• Brainstorming
• Checklists
• Attribute Listing
• There Are No Bad Ideas!
Informatio
n
Function
Analysis
Creative Evaluation
Develop
Recommendation
s
Presentatio
n
21. VE Job Plan – Evaluation
• Remove Ideas with Low Potential
• Group and Combine Similar Ideas
• List and Evaluate Ideas including their Advantages & Disadvantages
• Criteria includes Costs, Constructability, Operations, Maintenance
• Rank Ideas
• Team Consensus; Weighted Matrix; Multi-Voting
• Select Ideas for Further Development
Informatio
n
Function
Analysis
Creative Evaluation
Develop
Recommendation
s
Presentatio
n
22. VE Job Plan – Develop Recommendations
• Determine How Each New Idea Would Work
• Prove feasibility of each idea and test the initial assumptions
• Demonstrate That New Ideas Add Value and Meet the Basic Function
• Perform Life Cycle Cost Analysis
• Prepare Idea Write-Ups
• Develop Implementation Plan
• Add description of the concept, sketches, diagrams, assumptions, cost
Informatio
n
Function
Analysis
Creative Evaluation
Develop
Recommendation
s
Presentatio
n
23. VE Job Plan – Presentation
• Determine How the VE Team will Present the Ideas
• Consider your Audience and Ensure Decision Makers are Present
• Reheard the Presentation and Anticipate Questions
• Base Design versus New Ideas/Alternatives
• Project Cost Analysis; Value-Added; Summary of Benefits
• Outline Implementation Plan
Informatio
n
Function
Analysis
Creative Evaluation
Develop
Recommendation
s
Presentatio
n
25. Case Study – SR826 Managed Lanes
• Project length is six (6) miles
• Two (2) 11-ft managed lanes and four (4) 11-ft general lanes
• Project cost: US$291.95M
• Objective
• Increase capacity
• Enhance emergency response times
• Improve connectivity in the region
• Add two additional managed lanes in each direction in the center corridor
• Goals
• Improve value in terms of capital cost, constructability, maintenance of
traffic, and basic functional requirements
26. Information Phase
• Constraints
• No additional right-of-way
• Natural Gas mains
• No improvements to the interchanges
• Several flyovers along the corridor
• Aggressive schedule
• Reviewed Documents Included
• Design reports and drawings
• Cost estimate and economic data
• Right-of-way maps and estimates
27. Function Analysis Phase
Cost Estimate Excerpt
showing quantities, unit
prices, cost line items and
the functions determined
by the VE Team
28. Function Analysis Phase
A FAST diagram was
developed to identify and
display the critical
functions path for the
overall project.
The basic and supporting
secondary functions are
also illustrated
29. Creative and Evaluation Phases
There were 31 creative
ideas and 11 that were
evaluated and scored. The
table is an excerpt of the
complete ideas' matrix
During the evaluation
process the VE team
redefined some of the
creative ideas as questions
for the designers or design
suggestions.
30. Develop Recommendations Phase
Example of the
development of a
recommendation, which
shows the design intent
versus the VE alternative
Recommendation No. 22:
31. Develop Recommendations Phase (Con’t)
Example of the
development of a
recommendation, which
shows the design intent
versus the VE alternative
Some ideas may require
life cycle cost analysis
34. Take Away
• Apply VE early in the design to maximize value
• Implement the VE Job Plan and FAST Diagrams
• Use a Multi-disciplinary team and encourage any type of ideas
• Review Value Added recommendations
• Value Engineering is not a cost-cutting or scope reduction exercise
35. PMA VE Study Efficiencies
by Client and/or Discipline (1998-2019)