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Value Engineering: Practical Applications...for Design, Construction, Maintenance and Operations



Value Engineering: Practical Applications...for Design, Construction, Maintenance and Operations

Alphonse Dell'Isola

ISBN: 978-0-876-29463-5 September 1997 464 Pages


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

The book shows you:

  • How to organize and apply VE and life cycle costing for maximum benefit
  • Real-life VE demonstration projects – professionally organized reports, with recommendations you can apply right now
  • Project workbook with forms to conduct a complete VE study
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 Project Budgeting (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 Engineering Services.

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 Construction Industry.

Planning and Design.


Maintenance and Operations (M&O).

Chapter Nine: VE Applications to Risk Assessment and Analysis.

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 Government Headquarters/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.