It is sometimes thought that value analysis/value engineering (VA/VE) is (or should be) already a part of the traditional design process. Those who subscribe to this view believe that if performance is enhanced through a VA/VE study, or if cost savings are discovered, it is due to a defect or oversight by the design team.
VA/VE professionals contend that the value analysis process (or value engineering methodology) is a distinct process that is not a part of the traditional design process, and therefore will often result in project performance enhancements, cost savings or both; and, such results are not a defect or oversight by the design team. This is particularly true in the transportation construction industry where the traditional design process and design solutions are highly standardized.
The author’s experience supports the latter view. This presentation provides six specific, accepted value proposals that the author believes would never have been developed by the traditional design process. These value proposals help explain why VA/VE often discovers cost-saving, equivalent-function solutions that the traditional design process generally does not. Thus, VA/VE should not be considered redundant to the traditional design process, nor a threat. Rather, VA/VE should be considered a welcome partner.
A description of the Value Engineering/ Value Analysis process and information about the $800 Million in cost savings, cost avoidance that the Ontario Ministry of Transportation has had with VE.
Canada’s non-profit sector, and in particular faith groups, are critical to the social fabric of our Nation and offer significant opportunities for affordable residential development to address Canada’s current housing crisis. However, the non-profit sector seldom has the experience nor expertise to utilize modern value engineering and value management protocols. It has been confirmed that through skilled VE/VM facilitators, non-profit groups can be guided to clarify the core components of their mission and develop a new mindset that allows successful future casting.
This presentation will review a brief history of successive planning and construction projects in the non-profit sector. It will demonstrate the value added through the use of VE/VM practices and challenge Canada’s non-profit and faith communities to utilize their resources to better serve their broader communities.
Government, Industry and Society face many challenges including uncertain economic times, shrinking budgets, demanding customers and citizens, competition and competing priorities. Presentation to the Frederickton Board of Trade demonstrates why the application of value management is a best practice in achieving public accountability through the results achieved on 23 successful VM studies at the City of Calgary.