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Every body ought to be interested in Value Engineering (VE)! As wage-earners, the application of VE is helping American industry maintain its economic position in world markets, thereby protecting our jobs and careers. As taxpayers, the Department of Defense (DOD) VE program has come to the defense of the Defense dollar, with audited savings to us of over $1.1 billion for fiscal years 1963 through 1966. As consumers, we today purchase many products at not only lower prices, but with greater value as well, because the manufacturer of those products is applying VE as an effective management tool. And all of these VE economic benefits have come rapidly. As recently as 1960-the application of this cost saving technique is dated back to 1947-wherever the technique had been intelligently and open-mindedly applied, it had been successful. With this acceptance and practice of the methodology have come rapid developments in the state of the art, and in the point of its application to the product cycle. What was once considered second look, Value Analysis-whereby the methodology was applied only after the entity of the product was well established-began moving back in the product development cycle for a first look into the design aspects of the product. Thus what was originally christened Value Analysis, synonymously became known as Value Engineering (VE)-a confirmation that served to justifiably raise the status of (and respect for) the technique. Value Engineering is therefore no longer on trial. It has proved itself repeatedly. But in spite of its name, its success has not come as a technological technique, but as a potent economic tool for management. Why? Because the record shows, withoutreservation, that the technique must have the rigorous and unqualified backing of management. Where VE has received this kind of support, management has reaped a return on investment in the order of 15: l. This kind of performance, management understands!
This invaluable reference teaches effective and practical techniques to improve the overall performance and outcome of design projects in various industries. Value Engineering highlights the application of value methodology to streamline current day operations, strategic planning in company or business segments, and everyday business decisions in the private sector. The book shows how to maximize budgets, reduce life cycle costs, improve project understanding, and create better working relationships. It explains how to gather information for the creation, evaluation, development, and presentation of new project ideas and shows how to design an appropriate task agenda and timeline.
Whether you are interested in enhancing your own applications of VE and LCC – or you need to understand the current methodology in order to hire a practitioner and oversee the process – this unique publication will provide the information you are seeking. The book shows you: How to organize and apply VE and life cycle costing for maximum benefit Real-life VE demonstration projects – professionally organized reports, with recommendations you can apply right now Project workbook with forms to conduct a complete VE study
Lean Six Sigma (LSS), Design for Six Sigma (DFSS), and Value Engineering (VE) have a proven track record of success for solving problems and improving efficiency. Depending on the situation, integrating these approaches can provide results that exceed the benefits of each individual approach. Value Engineering Synergies with Lean Six Sigma: Combining Methodologies for Enhanced Results describes how to integrate these dynamic tools to achieve unprecedented improvements and break down the organizational stovepipes that can occur when different offices are assigned responsibility for different problem-solving methods. The book identifies opportunities where readers can integrate these approaches to go beyond what is currently possible with the individual approaches. Explaining the VE methodology, it supplies a high-level discussion of LSS and DFSS. Next, it compares VE with LSS and identifies the different opportunities for synergies that can provide your organization with a competitive edge. Includes detailed LSS-VE cross-reference charts Contains product- and process-oriented VE material designed for LSS black belt training Provides a list of the most commonly used LSS, DFSS, and VE tools The authors describe VE and LSS in a way that is different from, but consistent with, the current literature. To facilitate comparison, the book graphically depicts VE and LSS and maps the two tools into one another to provide you with a clear understanding of the circumstances and types of problems where integrating these techniques will be most effective. The ideas and synergies presented in this book can help industry professionals and those in government accelerate the adoption of efficiencies in their operations.
Offers coverage of each important step in engineering cost control process, from project justification to life-cycle costs. The book describes cost control systems and shows how to apply the principles of value engineering. It explains estimating methodology and the estimation of engineering, engineering equipment, and construction and labour costs; delineates productivity and cash-flow analysis; and more.
Covering the life of a construction project from inception to completion, this useful reference explains basic and advanced aspects of engineering economics, cost estimating, cost control, cost forecasting, planning, and scheduling. It serves both as a comprehensive introduction to cost engineering and as a practical, on-the-job guide for any construction project where the object is economy. Construction Cost Engineering Handbook describes the responsibilities of each member of the construction team and defines their relationship to project control ... analyzes project economics before, during, and after a project's finish ... examines various types and methods of estimating ... distinguishes between cost reporting and cost forecasting, with valuable cost and scheduling integration examples ... considers planning and scheduling procedures such as the bar chart and sophisticated contemporary techniques ... highlights ways of avoiding common mistakes through data development ... and furnishes computer samples for estimating, cost control, cost forecasting, and scheduling. Illustrated with more than 180 excellent diagrams and drawings, and featuring convenient appendixes on foreign and remote projects, code of accounts and work breakdown structure, and typical project activities, Construction Cost Engineering Handbook is an indispensable reference for civil, cost, project, plant, design, construction, and industrial engineers and managers as well as architects, building contractors, and financial controllers involved with construction projects. Book jacket.
Gathering customer requirements is a key activity for developing software that meets the customer's needs. A concise and practical overview of everything a requirement's analyst needs to know about establishing customer requirements, this first-of-its-kind book is the perfect desk guide for systems or software development work. The book enables professionals to identify the real customer requirements for their projects and control changes and additions to these requirements. This unique resource helps practitioners understand the importance of requirements, leverage effective requirements practices, and better utilize resources. The book also explains how to strengthen interpersonal relationships and communications which are major contributors to project effectiveness. Moreover, analysts find clear examples and checklists to help them implement best practices.
After more than 50 years as a manager and VE pioneer, Richard J. Park presents Value Engineering: A Plan for Invention. Park demonstrates how to adopt VE as a thinking process that can enable you to increase your problem solving skills, cultivate innovation, reduce costs, improve productivity, and more. Features
* Compiles all the data necessary for efficient and cost-effective highway design, building, rehabilitation, and maintenance * Includes metric units and the latest AASHTO (American Association of State Highway Transportation Officials) design codes