Working Together and Value Engineering

Benefits of Value Engineering/Value Analysis/Value Management

Value Analysis recognizes that good value is achieved when the necessary performance can be accurately defined and delivered at the lowest life cycle cost. The Value Methodologies result in benefits to both the individual and the organization.

The benefits to the individual of Value Analysis/Value Engineering include:

  • A systematic approach to solving problems.
  • Satisfaction from contribution of their ideas to solution and in participating in an energetic workshop.
  • Improvements in their knowledge and abilities because workshop team members with different backgrounds share their expertise during the VA workshop.
  • Participation in a transparent process that results in more informative decisions.

The benefits to the organization of using Value Analysis/Value Engineering include:

  • A Return of Investment typically ranging from 20:1 to 100:1
  • Cost savings while achieving required functions
  • Improved understanding of the project and validation of costs
  • Improved stakeholder engagement,
  • Objective selection among competing priorities or solutions,
  • Definition, understanding and measurement of the values related to the project, product, process, or service
  • Improvement in corporate culture through enhanced creativity and the introduction of new ideas and approaches ,
  • Expedited project schedules,
  • Improved quality.

Information Technology
  • Understand Business Needs
  • Improve performance
  • Objective Solution amongst Competing Priorities
  • Build consensus
  • Make complex decisions
Roads, Bridges, Transit and Rail
  • Best value for money spent
  • Minimize life cycle costs.
  • Improve performance
  • Reduce risk
  • Meet budget constraints
  • Increase profitability
  • Improve performance
  • Solve difficult design problems
  • Improve quality
  • Assure quality
Water and Wastewater
  • Best value for money spent
  • Minimize life cycle costs
  • Improve performance
  • Improve reliability
  • Meet budget constraints
Buildings and Facilities
  • Best value for money spent
  • Minimize life cycle costs
  • Improve performance
  • Increase sustainability
  • Meet budget constraints
Business Improvement
  • Potential to save time and resources
  • Builds teams
  • Improve Corporate Culture
  • Strategic planning
  • Improve schedule
  • Increased Job Satisfaction
  • Build relationships with team members
  • Develop Analytical skills
  • Develop Creativity
  • Obtain New perspectives