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5-7 Value Engineering

The document discusses Value Engineering (VE), which is a systematic approach to analyze functions of systems and processes to achieve essential functions at the lowest life-cycle cost while maintaining quality and safety. It highlights the importance of applying VE techniques early in the design phase to avoid complications during construction. Additionally, it introduces the Functional Analysis Systems Technique (FAST) diagram as a tool to clarify and simplify value engineering problems.

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21 views10 pages

5-7 Value Engineering

The document discusses Value Engineering (VE), which is a systematic approach to analyze functions of systems and processes to achieve essential functions at the lowest life-cycle cost while maintaining quality and safety. It highlights the importance of applying VE techniques early in the design phase to avoid complications during construction. Additionally, it introduces the Functional Analysis Systems Technique (FAST) diagram as a tool to clarify and simplify value engineering problems.

Uploaded by

tareekh.qasas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Chapter 24

Value Engineering
Learning Objectives

1 - Introduction

2 - Value Types

3 - Time for value engineering application

4 - Value Engineering Job Plan


1 – Introduction

1 - Value Engineering

• An organized effort directed at analyzing the functions of systems, equipment,


facilities, services, and supplies for the purpose of achieving the essential functions
at the lowest life-cycle cost consistent with required performance, quality,
reliability and safety

• VE is a technique directed toward analyzing the functions of an item or process to


determine “best value,” or the best relationship between worth and cost. In other
words, “best value” is represented by an item or process that consistently performs
the required basic function and has the lowest total cost
1

Poor Attitudes
2 – Reasons for Poor Value

Poor Habits
3

Poor Ideas
4

Poor Information

Time Constraints
5
1 – Introduction

Temporary Circumstances
6
7

Mistaken Beliefs
2 – Value Types

1 2 3 4
02 03
01 04

Exchange Use Value Esteem Value


Cost Value
Value
3 – Time for value engineering application

Note That

• Early application of value engineering techniques in


the design phase makes the most sense. VE
application during the construction process can be
problematic. Numerous design decisions have
already been reached and the construction process
can see significant delays if value engineering
changes require time-consuming design changes. In
addition, designs have both an investment by the
designers and a “pride of authorship.” Therefore,
VE changes made after final design are expensive
and resisted by designers for these reasons
4 - Value Engineering Job Plan
5 - “FAST” Diagram/Functional Approach
5 - “FAST” Diagram/Functional Approach

Functional Analysis Systems Technique (FAST)

• FAST diagram is designed to show the specific relationships of the various functions in
relation to each other. In value engineering, the FAST Diagram acts to define, clarify, and
simplify value engineering problem

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