Value engineering is a systematic approach to providing necessary project functions at the lowest cost. It focuses on functions rather than physical attributes and promotes less expensive alternatives without sacrificing functionality. The standard process involves gathering information, analyzing functions, generating alternative solutions, evaluating options, developing plans, and presenting results. Functions are described using verb-noun pairs, and can be primary functions that cannot be compromised or secondary functions that provide convenience. Value engineering sessions take a step back to consider projects from a functional perspective to potentially innovate and save money compared to standard linear thinking.

1. VALUE ENGINEERING
BY:- PRASHANT SHARMA
1190900013, M.BEM

2. Definition
Value engineering is a systematic and organized approach
to providing the necessary functions in a project at the
lowest cost.
1. Value engineering promotes the substitution of materials
and methods with less expensive alternatives, without
sacrificing functionality.
2. It is focused solely on the functions of various components
and materials, rather than their physical attributes. Value
engineering is also called value analysis.
For example: If you want to build a road from point A to point B and
there’s a stream in between, you build a standard type of bridge.
Human nature tends toward the familiar. If that type of bridge was
built many times before, all parties will tend towards duplicating
the previous success and avoiding “out of the box” thinking.
That’s where value engineering introduces value.

3. Value is defined as containing two components, function and
cost:
Value = Function / Cost
• Function: a measure of the performance capabilities of the
product, service, or project.
• Cost: The resources required to achieve the function. This
can include materials, tools, price, time, or anything that is
required to achieve the functional specifications.
• Value engineering most often takes place after a design.

4. How it works:
• The standard job plan consists of 6 phases:-
• Information- Gathering project information and understanding
its primary goals.
• Function Analysis- Identifying the functions of the product or
project, and describing them with verb/noun pairs, for example,
“Preserve wildlife habitat.”
• Creative- Generating alternative solutions which accomplish
the intended functions but add value.
• Evaluation- Reduce the ideas to a short list that can be
implemented.
• Development- Develop the alternatives into viable, actionable
plans.
• Presentation- Present the results to management or other
stakeholders.

5. Verb/Noun Pairs
• During the Function Analysis phase, the practitioners develop
verb/noun pairs to describe the functions and how they are
related.
For example- A hammer’s function is to apply force.
• There are two types of functions:
• Primary functions cannot be compromised. A bridge’s primary
function is carry traffic across a river.
• Secondary functions are optional and provide convenience or
dependability to the user. A bridge’s secondary function might
be aesthetics.

6. • As described, the functions of a new bridge might
be:
• Accommodate 50,000 vehicles/day (primary).
• Convey 1:100 year flood (primary).
• Appease landowners.
• Preserve wildlife habitat.
• Pass fish.
• Look good.
• Last long.

7. • Value engineering sessions take a step back and look at the
project from a functional perspective rather than how it’s
originally conceived.
• Projects tend to be initiated based on linear, generic thinking
that does not consider the secondary functions.
• The project manager, or members of the project team, can
certainly do the same thing at any time. Particularly during
the design phase, when innovation can save money, increase
quality.

8. THANK YOU