Value Engineering; Practical Applications / Edition 1

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Whether you are interested in enhancing your own applications of VEand LCC – or you need to understand the current methodologyin order to hire a practitioner and oversee the process –this unique publication will provide the information you areseeking.

The book shows you:

  • How to organize and apply VE and life cycle costing for maximumbenefit
  • Real-life VE demonstration projects – professionallyorganized reports, with recommendations you can apply rightnow
  • Project workbook with forms to conduct a complete VE study
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Editorial Reviews

A new text produced in lieu of a new edition of the author's previous ; it is complementary to the previous work in that the basics of VE are not presented. Rather, this text focuses on methods for successful application of VE concepts, including making the case to management for VE, integrating VE into planning and budgeting, conducting life cycle costing, and integrating VE into the design process. Case studies demonstrate application of VE strategies to a variety of commercial and civic projects. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9780876294635
  • Publisher: Wiley
  • Publication date: 9/28/1997
  • Series: RSMeans Series, #35
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 464
  • Product dimensions: 8.50 (w) x 11.00 (h) x 1.10 (d)

Table of Contents

List of Figures.

Preface and Acknowledgements.

About the Author.

Introduction: A Briefing.

The Objectives of Value Engineering.

The Reasons for Unnecessary Costs.

When to Apply Value Engineering.

VE Methodology and Techniques.

InterfaceWith Other Programs.

Demonstrated Impact of VE.

Part One: Value Engineering: Practical Applications.

Chapter One: Project Scope and Budget.

Elements of the Project Budget.

Prevalent Budgeting Techniques.

Cost Control.

Defining Project Scope.

Parameters and Parameter Cost.

Chapter Two: The Capitalized Income Approach to ProjectBudgeting (CIAPB).

CIAPB Objectives.

Measuring Property Value.

The Meaning of Capitalization.

The Capitalization Process.

The Need for Cost Control.

Chapter Three: Preparation of Cost Models.

Making Models.

Construction Cost Models.

Other Resources.

Types of Models.

Chapter Four: Planning for Value EngineeringServices.

VE Objectives.

Level of Effort.

VE and Total Project Management.

Team Selection.

The VE Job Plan.

Chapter Five: Function Analysis.

Classifying Function.

Defining Functions.

Project Level Function Analysis System Techniques (FAST)Diagram.

Chapter Six: Creativity and Interpersonal Skills.

Creativity and Fixation.

Interpersonal Skills.

Human Factors.

Creativity Throughout the Job Plan.

The Generation of Ideas.

Delphi Technique.

Value Engineering—A Crafted Strategy.

Chapter Seven: Life Cycle Costing.

Decision Makers' Impact on LCC.

LCC and Total Building Costs.

LCC Terminology and Examples.

LCC Methodology.

Application of LCC to Buildings.

Chapter Eight: Integrating VE into the ConstructionIndustry.

Planning and Design.


Maintenance and Operations (M&O).

Chapter Nine: VE Applications to Risk Assessment andAnalysis.

Risk Assessment.

Risk Analysis.

Part Two: Case Studies.

Case Study One: Corporate Office Building.

Case Study Two: Hospital and Staff Housing Complex.

Case Study Three: Refinery Facility.

Case Study Four: Master Planning Competition.

Case Study Five: Application to Design Review GovernmentHeadquarters/Complex.

Case Study Six: Highway Project: South Interchange.

Case Study Seven: Wastewater Treatment Plant.

Part Three: VEWorkbook.


List of Forms.

Phase 1: Information Phase.

Phase 2: Function Phase.

Phase 3: Creative Phase.

Idea Stimulator Checklist.

Phase 4: Analysis/Judicial Phase.

Analysis/Judicial Phase: Analysis/Development.

Analysis/Judicial Phase: Analysis/Evaluation.

Phase 5: Recommendation.

Phase 6: Presentation & Implementation.


Web Site Resources.

Value Engineering Services for CM/PM: Typical Scope ofWork.

Glossary of Terms.


Part Four: Diskette.

Life Cycle Cost Program with Linked Database.

VEWorkbook Forms with Supporting Linkages.

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