The Pareto Principle (80/20 rule) was named after Vilfredo Pareto. He observed that 80% of income in Italy went to 20% of the population. Business management thinker J. Juran suggested the principle and named it after the Italian economist.
The McGill University Value Engineering Workshop provides a unique forum for the interaction of students and industry towards solving a real world problem given by a company. All participants learn the value engineering (VE) methodology, but mostly they learn cooperation and a team approach to solving problems. The mutual exposure raises the engineering professionalism of the students, provides solutions to problems for companies, and contributes to the education process. Companies of all sizes have participated in the workshop over the years, obtaining significant value enhancement to product design, manufacturing processes and services, as well as learning the VE methodology. Typical VE projects are described and some pedagogical benefits of the way the course is organized are given.
Programme: The VE Workshop at McGill University - Benefits for Students and Industry
This publication relfects the advice of an expert panel to the Minister of Alberta Infrastructure on sustainable school buildings. The report discusses holistic design including life cycle costing, green building design, leed, and value management. The report recommends that the Alberta government establish a systematic process for ensuring appropriate value of school building projects through the use of the value management, value analysis, value engineering process on school buildings.
The McGill University Value Engineering Workshop provides a unique forum for the interaction of students and industry towards solving a real world problem given by a company. All participants learn the value engineering (VE) methodology, but mostly they learn cooperation and a team approach to solving problems. The mutual exposure raises the engineering professionalism of the students, provides solutions to problems for companies, and contributes to the education process. Companies of all sizes have participated in the workshop over the years, obtaining significant value enhancement to product design, manufacturing processes and services, as well as learning the VE methodology. Typical VE projects are described and some pedagogical benefits of the way the course is organized are given.
Programme: The VE Workshop at McGill University - Benefits for Students and Industry
This publication relfects the advice of an expert panel to the Minister of Alberta Infrastructure on sustainable school buildings. The report discusses holistic design including life cycle costing, green building design, leed, and value management. The report recommends that the Alberta government establish a systematic process for ensuring appropriate value of school building projects through the use of the value management, value analysis, value engineering process on school buildings.