Value Engineering
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This Presentation Is About Value Engineering & It Covers Following Topics ; 1. Concept Of Value Engineering 2. History Of Value Engineering 3. Aims/Purposes/Objectives Of Value Engineering 4. Steps/Phases/Procedures Of Value Engineering
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122 value engineering
Value engineering is a systematic process that analyzes functional requirements to achieve essential functions at the lowest total cost while meeting performance, quality, and safety needs. It involves gathering information, analyzing functions, brainstorming alternatives, evaluating and selecting ideas, and implementing solutions. Value engineering can reduce costs, risks, and schedules for projects through improved designs and collaboration. It follows a structured process and uses function analysis to identify alternative approaches that deliver the best value. Benefits include cost savings, risk reduction, and improved designs.
Value Engineering Introduction - K K B
Value engineering is a systematic approach to reducing unnecessary costs while maintaining product quality and reliability. It answers the question of what else can accomplish the intended purpose at a lower cost. Value engineering was developed at General Electric during World War II to deal with material shortages by finding acceptable substitutes. Over time, it evolved into a broader application across industries to reduce total product costs through the consideration of development, production, and application costs. The goal of value engineering is to reliably provide necessary functions at the lowest overall cost through a planned approach.
VALUE ENGINEERING CONCEPT-A BRIEF IN CONSTRUCTION INDUSTRY
VALUE ENGINEERING CONCEPT-A BRIEF IN CONSTRUCTION INDUSTRY-AKSHAY R MANOHAR
8th Semester SJMIT Chitradurga.
Value Engineering for Roads & Highways Project
1. Value engineering (VE) is a systematic method to improve value in projects by examining functions and reducing costs without compromising safety, quality, or environmental attributes.
2. VE uses a multidisciplinary team approach and function analysis to identify alternative solutions. It is applied early in project development for greatest impact.
3. Flexibility in design allows for VE by using sound engineering judgement rather than strict adherence to standards. Flexibility balances goals, needs, and stakeholder interests within reasonable design ranges.
Value Engineering
Value engineering is a technique that uses a set of skills and methods to identify unnecessary costs in a systematic way. It aims to improve value through cost reduction without sacrificing quality, usefulness, or customer satisfaction. The value engineering process involves gathering information, functional analysis, developing alternatives through creative techniques, evaluation using tools like decision trees and matrices, and implementation. A case study demonstrates using ANP software to evaluate alternatives for establishing a cost control department, identifying creation as an independent department as the preferred option.
Value engineering seminar presentation
Value engineering is a systematic approach to identifying unnecessary costs in construction projects. It was developed in the 1940s by Lawrence Miles at General Electric to address costs during wartime shortages. The value engineering process involves multi-disciplinary teams analyzing the functions of a project and finding alternative ways to achieve those functions at a lower overall cost. Value engineering studies typically identify ways to save 5-10% of total project costs through eliminating unnecessary expenses without compromising quality, utility or lifespan. The goal is not just reducing item costs but determining the worth of basic functions and setting target costs to find more cost-effective design alternatives.
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This document provides an overview of value engineering (VE), including its history, key concepts, methodology, and applications. It can be summarized as follows:
1. VE was developed in the 1940s at GE by Larry Miles as a systematic approach to reducing costs and increasing value through function-based analysis. It has since been widely adopted to improve design, processes, and projects.
2. VE follows a methodology involving defining the functions of a product/process, establishing their costs, and generating alternatives to deliver the necessary functions at lower life cycle cost while maintaining performance.
3. VE uses techniques like function analysis, idea generation, and evaluation to identify opportunities to reduce costs without compromising quality or usefulness. Its
Value Engineering
Value engineering is a technique that seeks the optimal balance between cost, quality, and performance. It involves systematically analyzing the functions of a product, project, or process to find ways to reduce costs while maintaining essential performance. A value engineering study follows eight steps: orientation, information gathering, functional analysis, creative idea generation, idea evaluation, development of alternatives, presentation of recommendations, and implementation/follow-up. The goals are to determine the best design alternatives, reduce costs, improve quality and reliability, enhance customer satisfaction, and identify and solve problems. Early changes tend to be less expensive than later changes.
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122 value engineering
Value engineering is a systematic process that analyzes functional requirements to achieve essential functions at the lowest total cost while meeting performance, quality, and safety needs. It involves gathering information, analyzing functions, brainstorming alternatives, evaluating and selecting ideas, and implementing solutions. Value engineering can reduce costs, risks, and schedules for projects through improved designs and collaboration. It follows a structured process and uses function analysis to identify alternative approaches that deliver the best value. Benefits include cost savings, risk reduction, and improved designs.
Value Engineering Introduction - K K B
Value engineering is a systematic approach to reducing unnecessary costs while maintaining product quality and reliability. It answers the question of what else can accomplish the intended purpose at a lower cost. Value engineering was developed at General Electric during World War II to deal with material shortages by finding acceptable substitutes. Over time, it evolved into a broader application across industries to reduce total product costs through the consideration of development, production, and application costs. The goal of value engineering is to reliably provide necessary functions at the lowest overall cost through a planned approach.
VALUE ENGINEERING CONCEPT-A BRIEF IN CONSTRUCTION INDUSTRY
VALUE ENGINEERING CONCEPT-A BRIEF IN CONSTRUCTION INDUSTRY-AKSHAY R MANOHAR
8th Semester SJMIT Chitradurga.
Value Engineering for Roads & Highways Project
1. Value engineering (VE) is a systematic method to improve value in projects by examining functions and reducing costs without compromising safety, quality, or environmental attributes.
2. VE uses a multidisciplinary team approach and function analysis to identify alternative solutions. It is applied early in project development for greatest impact.
3. Flexibility in design allows for VE by using sound engineering judgement rather than strict adherence to standards. Flexibility balances goals, needs, and stakeholder interests within reasonable design ranges.
Value Engineering
Value engineering is a technique that uses a set of skills and methods to identify unnecessary costs in a systematic way. It aims to improve value through cost reduction without sacrificing quality, usefulness, or customer satisfaction. The value engineering process involves gathering information, functional analysis, developing alternatives through creative techniques, evaluation using tools like decision trees and matrices, and implementation. A case study demonstrates using ANP software to evaluate alternatives for establishing a cost control department, identifying creation as an independent department as the preferred option.
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Value engineering is a systematic approach to identifying unnecessary costs in construction projects. It was developed in the 1940s by Lawrence Miles at General Electric to address costs during wartime shortages. The value engineering process involves multi-disciplinary teams analyzing the functions of a project and finding alternative ways to achieve those functions at a lower overall cost. Value engineering studies typically identify ways to save 5-10% of total project costs through eliminating unnecessary expenses without compromising quality, utility or lifespan. The goal is not just reducing item costs but determining the worth of basic functions and setting target costs to find more cost-effective design alternatives.
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This document provides an overview of value engineering (VE), including its history, key concepts, methodology, and applications. It can be summarized as follows:
1. VE was developed in the 1940s at GE by Larry Miles as a systematic approach to reducing costs and increasing value through function-based analysis. It has since been widely adopted to improve design, processes, and projects.
2. VE follows a methodology involving defining the functions of a product/process, establishing their costs, and generating alternatives to deliver the necessary functions at lower life cycle cost while maintaining performance.
3. VE uses techniques like function analysis, idea generation, and evaluation to identify opportunities to reduce costs without compromising quality or usefulness. Its
Value Engineering
Value engineering is a technique that seeks the optimal balance between cost, quality, and performance. It involves systematically analyzing the functions of a product, project, or process to find ways to reduce costs while maintaining essential performance. A value engineering study follows eight steps: orientation, information gathering, functional analysis, creative idea generation, idea evaluation, development of alternatives, presentation of recommendations, and implementation/follow-up. The goals are to determine the best design alternatives, reduce costs, improve quality and reliability, enhance customer satisfaction, and identify and solve problems. Early changes tend to be less expensive than later changes.
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This document provides an overview of value engineering and value analysis. It begins with the course outcomes and introduces value engineering and value analysis, distinguishing between the two. It then covers the history, definitions, types of value, functions, the value engineering/analysis cycle and job plan, application, reasons for poor value, and the steps in value engineering/analysis. Key points addressed include the objective to achieve equivalent or better performance at lower cost while maintaining requirements.
Practical Application of Value Engineering in Capital Projects
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.
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Value engineering began in 1947 as a technique to reduce costs. It focuses on the function of a product rather than its design or materials. The value engineering process involves understanding customer needs and functions, then generating and evaluating ideas to provide the necessary functions at the lowest cost without compromising quality. It uses tools like FAST (Function Analysis System Technique) diagrams to break down functions and identify opportunities. The goal is not just cost cutting but finding the most cost-effective solution to meet the desired functions. The value engineering cycle involves information gathering, creativity, evaluation, planning, reporting, and implementation phases.
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The document summarizes a case study of a value engineering project carried out at an Indian Railways electric locomotive shed to address the problem of gear in two halves (GITH) failures. The project identified issues with the design basis, pinion weight, and oil pump gear shaft as causing impact loading and GITH breakages. Solutions proposed changing the design basis to make the GITH the driving gear, reducing the pinion face width and weight using Teflon, and changing to an external threaded oil pump gear shaft with a castle nut to eliminate play. The project aimed to reduce locomotive downtime and maintenance costs by redesigning faulty components with standardized specifications.
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Pankaj Nalwa has over 16 years of industrial experience and specialized training in tooling and product development. He holds an MBA in International Business and has led training programs in quality practices, tool room management, product development, and more. As a trainer, he emphasizes viewing organizations from the perspectives of customers, products, processes, and results. He teaches methods for capturing the voice of customers, including focus groups, interviews, and surveys to understand value mismatches and customer satisfaction. Nalwa promotes value engineering to deliver required functions at the lowest cost through a multi-disciplinary team review of projects, products, and processes.
Value 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
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A quantity takeoff is a construction estimation of materials and labor needed to complete a project. It is developed during pre-construction and involves estimators reviewing drawings and specifications to measure quantities of materials. A quantity takeoff fulfills important functions for cost estimation by detailing materials needed and providing total material costs. It can be prepared manually or digitally using estimating software, with digital takeoffs providing benefits like reduced errors and faster adjustments.
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This document discusses value analysis and value engineering techniques. It provides information on value analysis procedures and steps. Key aspects covered include defining value, dividing value into different types, advantages of value analysis, and the implementation process. Value engineering is presented as a management approach to saving costs from a value perspective.
Value engineering pom
The document discusses value engineering and value analysis. It provides an overview of value as a combination of quality, efficiency, price and service. It defines value engineering as an organized procedure to efficiently identify unnecessary costs. The origins and objectives of value analysis are described, including techniques like the matrix and MISS methods. The value engineering process involves collecting information, defining functions, creating alternatives, evaluating alternatives, developing the best alternative, and implementing the alternative. Both disadvantages like being time consuming and expensive, and advantages like being a powerful scientific tool are covered.
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This document discusses applying value engineering techniques to enhance the value of a slit housing component used in microscopes. The current slit housing design and manufacturing process were analyzed. Alternative designs and materials were brainstormed, and options were evaluated based on criteria like ease of use, durability, and cost. Implementing the proposed design changes resulted in a 36.79% reduction in per unit cost, translating to annual savings of over Rs. 573,200 for an annual demand of 10,000 units. The value engineering goals of identifying unnecessary functions, adding desirable functions, and reducing costs through eliminating redundancies were achieved.
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Value engineering emerged during World War 2 to efficiently use scarce resources. It systematically reviews designs to deliver required functions at the lowest cost while maintaining performance. The value engineering process involves 8 steps - orientation, information gathering, idea generation, analysis, development, presentation, implementation, and follow-up. Case studies demonstrate how value engineering identified cost savings for test machine components and a corporate office building by modifying materials and designs without compromising quality. Value engineering is an effective tool for reducing unnecessary costs in products, services, and construction.
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Value analysis and value engineering are techniques to reduce costs and improve value. Value analysis aims to reduce cost value to the value of the product through an organized creative approach. Value engineering is a systematic process that focuses on improving the value of required functions to meet performance goals at the lowest cost. It examines individual cost components and their value to customers. Value engineering is used on existing projects, processes, products or services to reduce costs, improve quality and customer satisfaction through identifying problems and recommended solutions. It proceeds through phases of planning, information gathering, creativity, evaluation, implementation and reporting.
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Detailed project reports are documents created for planning, decision making, and project approval. They contain key project details to guide execution and control. There are different types created at various stages, including inception reports made early on with raw data and feasibility studies to support investment proposals. Inception reports provide initial ideas and seek input, while feasibility reports analyze surveys and define system objectives. Both include essential contents like project descriptions, costs, schedules, and conclusions. Detailed project reports ensure projects are properly defined and addressed to stakeholders' satisfaction.
VALUE ENGINEERING ANALYSIS PPT
This presentation discusses value engineering and its eight step process. Value engineering is a systematic method to improve value by examining functions to identify unnecessary costs. It aims to increase value by decreasing costs while maintaining performance, or increasing performance if customers are willing to pay more. The eight steps of value engineering are: preparation, information, analysis, creation, evaluation, development, presentation, and verification. The goal is to develop alternative designs that lower costs while fulfilling required functions.
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Value analysis and value engineering are techniques used to identify unnecessary costs in products, processes, and services. Value analysis is traditionally used after development to analyze existing offerings, while value engineering is used during design and development stages. Both use a team approach and function analysis methodology to reliably deliver necessary functions at the lowest total cost over the lifecycle in order to maximize value for the customer. Larry Miles is considered the founder of these techniques which he developed at GE in the 1940s and which have since been widely adopted.
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Application of value engineering in construction
The document discusses the application of value engineering (VE) in construction projects. It provides an overview of VE, including its definition, methodology, and when it should be applied. The document then discusses how VE was used in the Bregana-Zagreb-Dubrovnik Motorway project in Croatia. VE studies identified opportunities to reduce costs and accelerate the project schedule. Specific changes included increasing the length of climbing forms for viaducts from 4m to 5m, which reduced formwork costs. Overall, approximately $43 million and 12 months were saved through VE applications on the project.
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The document provides an overview of value engineering, including its definition, purpose, and methodology. It defines value engineering as a systematic process that focuses on improving functions at the lowest cost while maintaining quality. The methodology involves 6 steps: information gathering, functional analysis, creativity, evaluation, development, and reporting. It also provides an example case study comparing the use of middle barrettes versus concrete bored piles for constructing a general cargo berth project at a port. Using piles was found to potentially reduce costs without compromising quality or functionality.
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Cost management is the process of planning, estimating, budgeting, and controlling costs to help ensure a project is completed within its estimated budget. It involves setting budgets for costs, monitoring actual costs, ensuring costs remain aligned with forecasts, and taking action if actual costs exceed budgets. Effective cost management techniques include cost estimating, budgeting, and cost controlling processes like variance analysis and earned value management.
Value Engineering And Value Analysis
Value analysis and value engineering are techniques used to analyze the value of products, processes, and capital projects. They involve identifying the functions of an item and finding ways to accomplish those functions at the lowest total cost while maintaining quality and performance. Value analysis was traditionally used on existing products while value engineering focused on new products at the design stage. Both aim to reduce unnecessary costs and improve operations and product performance using techniques like function analysis. The concepts and techniques were developed in the 1940s at GE by Lawrence Miles, who is considered the father of value analysis and value engineering.
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VAVE, or Value Analysis and Value Engineering, is a systematic creative approach to reduce unnecessary costs in goods and services while maintaining or improving quality, performance, and customer satisfaction. It examines the functions of a product or service rather than how it is currently conceived. Value Engineering began at GE during WWII to find cost-saving substitutes out of necessity and has since become a systematic process. A typical VAVE exercise can reduce total costs by 5-40% through information gathering, function analysis, idea generation, evaluation, development, and presentation of value alternatives to decision makers. Creativity is key to discovering alternative designs or processes that maintain basic functions at lower costs.
value engineering--conversion- Copy.pdf
This document outlines the history and principles of value engineering. It discusses how value engineering seeks to balance cost, reliability, and performance. It describes the typical 8-step job plan process for conducting a value engineering study, including orientation, information gathering, functional analysis, creativity, evaluation, development, presentation, and implementation. Finally, it provides a case study example of applying value engineering to optimize the design of a focus adjustment knob for a slit lamp microscope. The redesign focused on changing the material and production process, resulting in a 38.64% cost savings.
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This document provides an overview of value engineering and value analysis. It begins with the course outcomes and introduces value engineering and value analysis, distinguishing between the two. It then covers the history, definitions, types of value, functions, the value engineering/analysis cycle and job plan, application, reasons for poor value, and the steps in value engineering/analysis. Key points addressed include the objective to achieve equivalent or better performance at lower cost while maintaining requirements.
Practical Application of Value Engineering in Capital Projects
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.
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Value engineering began in 1947 as a technique to reduce costs. It focuses on the function of a product rather than its design or materials. The value engineering process involves understanding customer needs and functions, then generating and evaluating ideas to provide the necessary functions at the lowest cost without compromising quality. It uses tools like FAST (Function Analysis System Technique) diagrams to break down functions and identify opportunities. The goal is not just cost cutting but finding the most cost-effective solution to meet the desired functions. The value engineering cycle involves information gathering, creativity, evaluation, planning, reporting, and implementation phases.
Value engineering
The document summarizes a case study of a value engineering project carried out at an Indian Railways electric locomotive shed to address the problem of gear in two halves (GITH) failures. The project identified issues with the design basis, pinion weight, and oil pump gear shaft as causing impact loading and GITH breakages. Solutions proposed changing the design basis to make the GITH the driving gear, reducing the pinion face width and weight using Teflon, and changing to an external threaded oil pump gear shaft with a castle nut to eliminate play. The project aimed to reduce locomotive downtime and maintenance costs by redesigning faulty components with standardized specifications.
Value Engineering Part 1
Pankaj Nalwa has over 16 years of industrial experience and specialized training in tooling and product development. He holds an MBA in International Business and has led training programs in quality practices, tool room management, product development, and more. As a trainer, he emphasizes viewing organizations from the perspectives of customers, products, processes, and results. He teaches methods for capturing the voice of customers, including focus groups, interviews, and surveys to understand value mismatches and customer satisfaction. Nalwa promotes value engineering to deliver required functions at the lowest cost through a multi-disciplinary team review of projects, products, and processes.
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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
Quantity take off
A quantity takeoff is a construction estimation of materials and labor needed to complete a project. It is developed during pre-construction and involves estimators reviewing drawings and specifications to measure quantities of materials. A quantity takeoff fulfills important functions for cost estimation by detailing materials needed and providing total material costs. It can be prepared manually or digitally using estimating software, with digital takeoffs providing benefits like reduced errors and faster adjustments.
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This document discusses value analysis and value engineering techniques. It provides information on value analysis procedures and steps. Key aspects covered include defining value, dividing value into different types, advantages of value analysis, and the implementation process. Value engineering is presented as a management approach to saving costs from a value perspective.
Value engineering pom
The document discusses value engineering and value analysis. It provides an overview of value as a combination of quality, efficiency, price and service. It defines value engineering as an organized procedure to efficiently identify unnecessary costs. The origins and objectives of value analysis are described, including techniques like the matrix and MISS methods. The value engineering process involves collecting information, defining functions, creating alternatives, evaluating alternatives, developing the best alternative, and implementing the alternative. Both disadvantages like being time consuming and expensive, and advantages like being a powerful scientific tool are covered.
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This document discusses applying value engineering techniques to enhance the value of a slit housing component used in microscopes. The current slit housing design and manufacturing process were analyzed. Alternative designs and materials were brainstormed, and options were evaluated based on criteria like ease of use, durability, and cost. Implementing the proposed design changes resulted in a 36.79% reduction in per unit cost, translating to annual savings of over Rs. 573,200 for an annual demand of 10,000 units. The value engineering goals of identifying unnecessary functions, adding desirable functions, and reducing costs through eliminating redundancies were achieved.
Value Engineering
Value engineering emerged during World War 2 to efficiently use scarce resources. It systematically reviews designs to deliver required functions at the lowest cost while maintaining performance. The value engineering process involves 8 steps - orientation, information gathering, idea generation, analysis, development, presentation, implementation, and follow-up. Case studies demonstrate how value engineering identified cost savings for test machine components and a corporate office building by modifying materials and designs without compromising quality. Value engineering is an effective tool for reducing unnecessary costs in products, services, and construction.
Value analysis and Value Engineering
Value analysis and value engineering are techniques to reduce costs and improve value. Value analysis aims to reduce cost value to the value of the product through an organized creative approach. Value engineering is a systematic process that focuses on improving the value of required functions to meet performance goals at the lowest cost. It examines individual cost components and their value to customers. Value engineering is used on existing projects, processes, products or services to reduce costs, improve quality and customer satisfaction through identifying problems and recommended solutions. It proceeds through phases of planning, information gathering, creativity, evaluation, implementation and reporting.
Detailed Project Report
Detailed project reports are documents created for planning, decision making, and project approval. They contain key project details to guide execution and control. There are different types created at various stages, including inception reports made early on with raw data and feasibility studies to support investment proposals. Inception reports provide initial ideas and seek input, while feasibility reports analyze surveys and define system objectives. Both include essential contents like project descriptions, costs, schedules, and conclusions. Detailed project reports ensure projects are properly defined and addressed to stakeholders' satisfaction.
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This presentation discusses value engineering and its eight step process. Value engineering is a systematic method to improve value by examining functions to identify unnecessary costs. It aims to increase value by decreasing costs while maintaining performance, or increasing performance if customers are willing to pay more. The eight steps of value engineering are: preparation, information, analysis, creation, evaluation, development, presentation, and verification. The goal is to develop alternative designs that lower costs while fulfilling required functions.
Value Engineering And Value Analysis
Value analysis and value engineering are techniques used to identify unnecessary costs in products, processes, and services. Value analysis is traditionally used after development to analyze existing offerings, while value engineering is used during design and development stages. Both use a team approach and function analysis methodology to reliably deliver necessary functions at the lowest total cost over the lifecycle in order to maximize value for the customer. Larry Miles is considered the founder of these techniques which he developed at GE in the 1940s and which have since been widely adopted.
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DEFINITION AND AIM OF VM IN GENERAL AND FROM THE PERSPECTIVE OF CONSTRUCTION
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RISKS OF VM IN CONSTRUCTION
COSTS INVOLVED IN VM
Application of value engineering in construction
The document discusses the application of value engineering (VE) in construction projects. It provides an overview of VE, including its definition, methodology, and when it should be applied. The document then discusses how VE was used in the Bregana-Zagreb-Dubrovnik Motorway project in Croatia. VE studies identified opportunities to reduce costs and accelerate the project schedule. Specific changes included increasing the length of climbing forms for viaducts from 4m to 5m, which reduced formwork costs. Overall, approximately $43 million and 12 months were saved through VE applications on the project.
Fundamentals of value engineering
The document provides an overview of value engineering, including its definition, purpose, and methodology. It defines value engineering as a systematic process that focuses on improving functions at the lowest cost while maintaining quality. The methodology involves 6 steps: information gathering, functional analysis, creativity, evaluation, development, and reporting. It also provides an example case study comparing the use of middle barrettes versus concrete bored piles for constructing a general cargo berth project at a port. Using piles was found to potentially reduce costs without compromising quality or functionality.
Construction Cost Control
Cost management is the process of planning, estimating, budgeting, and controlling costs to help ensure a project is completed within its estimated budget. It involves setting budgets for costs, monitoring actual costs, ensuring costs remain aligned with forecasts, and taking action if actual costs exceed budgets. Effective cost management techniques include cost estimating, budgeting, and cost controlling processes like variance analysis and earned value management.
Value Engineering And Value Analysis
Value analysis and value engineering are techniques used to analyze the value of products, processes, and capital projects. They involve identifying the functions of an item and finding ways to accomplish those functions at the lowest total cost while maintaining quality and performance. Value analysis was traditionally used on existing products while value engineering focused on new products at the design stage. Both aim to reduce unnecessary costs and improve operations and product performance using techniques like function analysis. The concepts and techniques were developed in the 1940s at GE by Lawrence Miles, who is considered the father of value analysis and value engineering.
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the process to achieve the targets of the VE study. The third stage is the Post Study. The objective during post-study
activities is to assure the implementation of the approved value study change recommendations. In this study, how the
principles of Value Engineering are applied in construction projects is explained, and by taking case study on commercial
building as the sample project, practices of Value Engineering in this project are described.
Examination papers of_project_management_and_project_managment_in_it
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
www.mbacasestudyanswers.com
www.casestudysolution.in
www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
Examination papers of project management and project managment in it
CASE STUDY ANSWERS
ASSIGNMENT SOLUTIONS
PROJECT REPORTS AND THESIS
ISBM / IIBMS / IIBM / ISMS / KSBM / NIPM
SMU / SYMBIOSIS / XAVIER / NIRM / PSBM / NSBM / ISM / IGNOU / IICT / ISBS / LPU / ISM&RC/ LPU / NMIMS / ISBS / MANIPAL
MBA - EMBA - BMS - GDM - MIS - MIB
DMS - DBM - PGDM - DBM – DBA - PGDBM
www.mbacasestudyanswers.com
www.casestudysolution.in
www.casestudies.co.in
aravind.banakar@gmail.com
ARAVIND
09901366442 - 09902787224
VALUE ANALYSIS
1: Value Analysis provides great turnaround in the operations of the businesses.
2: Use Value Analysis to analyze and understand the detail of cost for specific situations.
3: Use it to find a focus on key areas for innovation.
4: Use it in reverse (called Value Engineering) to identify specific solutions to detail problems.
VALUE ENGINNERING.pdf
This document provides information about a value engineering case study being conducted by a group of 4 students - Deesha Khamar, Shreya Rastogi, Zeel Bhojak, and Vishva Ramani from the Institute of Architecture, HNGU-Patan, under the guidance of faculty member Ar. Mayank Patel. The case study focuses on applying value engineering principles and techniques to a commercial building project. Value engineering aims to achieve the required functions at the lowest overall cost through eliminating unnecessary costs. The value engineering study involves pre-study, value study, and post-study stages, with the value study having information, function analysis, creative, evaluation and presentation phases.
Management of time uncertainty in agile
Agile software development represents a major departure from traditional methods of software
engineering. It had huge impact on how software is developed worldwide. Agile software development
solutions are targeted at enhancing work at project level. But it may encounter some uncertainties in its
working. One of the key measures of the resilience of a project is its ability to reach completion, on time
and on budget, regardless of the turbulent and uncertain environment it may operate within. Uncertainty of
time is the problem which can lead to other uncertainties too. In uncertainty of time the main issue is that
the how much delay will be caused by the uncertain environment and if the project manager comes to know
about this delay before, then he can ask for that extra time from customer. So this paper tries to know about
that extra time and calculate it.
POM: Product design and development
1. The document discusses product design and development, outlining categories of new products and challenges in new product development.
2. It describes the new product planning system and five stages of the design process. Critical path analysis can be used to control complex design tasks.
3. The eight stages of new product development are discussed: idea generation, screening, concept development and testing, marketing strategy, business analysis, product development, market testing, and commercialization.
Value Analysis Value Engineering & Business Process Reengineering
Value analysis is a systematic process for reducing costs without compromising quality. It was developed at General Electric after WWII due to shortages. Value analysis identifies the function of a product/service and ensures that every cost contributes proportionally to the function. It has seven phases: selection, analysis, recording ideas, speculation, investigation, recommendation, and implementation. Value analysis provides benefits like reduced costs, improved profits and customer satisfaction.
Product design and development
The document discusses product design and development. It covers 6 categories of new products, the new product development dilemma, the new product planning system, design of the product, responsibility for design, stages of a design project, use of critical path analysis in design, reducing design costs, integrated management of new product development, and the 8 stages of new product development including idea generation, screening, concept development and testing, marketing strategy development, business analysis, product development, market testing, and commercialization.
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Value Engineering
- 2. Value Engineering Prepared By : Sheraz Ali Jamali
- 3. Value Engineering: It is method of improving value of product that project produces. It applies to everything because every project has function. Mostly , it takes place after the completion of design process. Value is calculated as ratio of function to cost. Value = Worth/Cost = Function ( Utility ) / Cost
- 4. History: The concept of value engineering started in 1940 at General Electric CO. This was during second world war , when there was shortage of materials & skilled labor. Therefore Lawrence Miles , Harry Erlicher , Jerry Leftow & other engineers launched effort to make concept systematic. A process which not only reduced cost of production but also provided better performance is known as value analysis. Name was suggested by engineers.
- 5. Aims/Objectives/Purposes: Determine best design alternations. Reduce cost. Improve quality. Increase availability. Enhance customer satisfaction. Improve organizational performance. Identify problems. Develop recommend solutions.
- 6. Job Plan: Value engineering is often done by following steps; Lawrence Miles original system was based on 6 step procedure , which he called value analysis job plan. Modern Version has 8 steps. These are discussed as;
- 7. 1. Orientation Phase: Identify issues. Arrange issues. Draft scope & objectives. Establish evaluation factor. Determine study team. Collect data. Prepare for value study.
- 8. 2. Information Phase: All team members participate in determining true needs of project. Areas of high cost or low worth are identified. 3. Functional Phase: Functional analysis outlines the basic function of product using noun & verb. e.g boil water as in case of battle where boil is verb & water is noun.
- 9. 4. Creative Phase: This step requires certain amount of creative thinking by team. A technique that is useful for this type of analysis is brainstorming. This stage is concerned with developing alternative. 5. Evaluation Phase: In this step , value analysis team judge ideas created/developed during construction phase. The value analysis team ranks the ideas. Ideas that represent greatest potential for cost saving & improvements are selected for development where as irrelevant ideas are disregarded.
- 10. 6. Development Phase: The team develops selected ideas in to proposal with sufficient level of documentation to allow decision makers to determine if proposal should be implemented. 7. Presentation Phase: This phase is actually presenting best alternative to those who have authority to implement the proposed solutions that are acceptable.
- 11. 8. Implementation & Follow Up Phase: I. Develop an implementation plan. II. Execute plan. III. Monitor plan to completion. During this phase , management must assure that approved recommendations are converted in to actions.