Presentation on theme: "Standards of Practice Course Value Engineering. AGENDA: 1) Overview 2) Functional Analysis 3) Keys to Success 4) VE Approach 5) VE Procedures 6) Reporting."— Presentation transcript:
Item-Oriented Optimization Item-oriented optimization involves looking at item A and asking: “How can item A be made at a lower cost?” The result is item A 1, a modified version of item A, as shown below: AlAl A
Key to Value Engineering Success What does “value” means to the owner Understand what is of “value” to the owner Understand how the owner measures “value” Understand how “value” is perceived Define appropriate levels of “value” Be precise in assessing “value”
Overview of VE Procedures Cost models Energy / maintenance models Function analysis Issues analysis Brainstorming and Group Dynamics Economic Analysis/Life cycle costing/Sustainability Examples Value Enhanced Design/Integrated VE Standards
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