Certificate in Value Engineering-Value Methodology Fundamentals
This workshop VMF-1 has been designed for all those who want to improve value of their projects. Managers, leaders, engineers and architects who have a good experience in the engineering field in all specialties. The participants will learn about the methodology and the technique of the VE and its application on the projects. The attendance of 40 credited hours of VMF1 workshops is considered the main pre-qualification requirement to obtain the associate Value Methodology Associate (VMA) Certificate.
- Introduction to VE
- VE principle
- Why VE
- History of Value Engineering in Gulf
- Understand seven phases of VE Job Plan
At the beginning of the VE study, it is important to understand the background and decisions that have influenced the development of the design. For this reason, the Owner/Designer normally presents orally, the building and process designs to the VE team. The site, building layout, process flows, and process equipment, architectural, structural, mechanical and electrical systems are discussed. The information phase also includes further refinement of the cost, space and other models that are prepared before the workshop session. These models are updated based on information received during the Owner/Designer’s initial presentation. These models also form the basis of the VE team function analysis.
The objective is to identify, define and classify the functions of the study item in order to allocate cost ‘to them and judge their value. During this phase the following key questions must be answered:
What does it do? (2) What must it do? (3) What is it worth?
In this phase the VE team should understand the project very well, and then start determine functions, classify function, defining scope, evaluate functions and draw Function Analysis Logic Diagram to group the main project function together, then start the creativity phase.
The Objective of this phase is to generate, by creative techniques, alternative ideas for accomplishing the project functions selected with aim to improve quality and optimize cost. This phase should result in answering the question, “What else will do the job (perform the basic functions)?” The completeness and comprehensiveness of the answer to this question determines to a very high degree the effectiveness and caliber of value work. The greater the number and quality of alternatives uncovered, the greater the likelihood of developing an outstanding solution. Additional alternatives which have not been considered will usually exist regardless of the skill and proficiency of the study team.
Following the creative step in the job plan comes the judging or Idea analysis step. Now is the time to judge! The purpose of this step is to select for further analysis and refinement, those most promising ideas from the long “shopping list” of ideas that have been generated. Key questions to answer during this
How feasible is each idea? (2) Will each perform the necessary function?
Evaluation may be accomplished either by the generating group or by a independent group. Authorities disagree upon which approach is better. The disagreement grows out of the question as .to whether people who generate ideas can be objective enough in evaluating them.
In this phase, selected idea or ideas are fully developed with the intent of making specific recommendations for change to management. The process involves not only detailed technical development and testing but also an assessment of the probability of successful implementation. Several questions must be answered during the development of specific solutions.
Will it work?
Will it meet all necessary requirements?
Who has to approve it?
What are the implementation problems?
What are the costs?
What are the savings?
When developing your presentation, it is important to make sure that you are providing a clear and concise picture of your proposals, why they should be implemented, who should be involved in the implementation, and the timing required. All this information needs to be conveyed in 10 to 12 minutes. This can be accomplished with a well-organized and well-delivered presentation. A presentation should be structured into three sections: the introduction, body and conclusion.
- Why Unnecessary cost exits
- Define Quality, sustainability and value
- Enhancement of value engineering
- Creativity, innovation and speculation
- Case studies
- Total Cost concept, Life Cycle Costing (LCC)
- Difference between VE and Cost Reduction
- How to implement VE
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