Value Engineering Management Executive Summery Construction Essay

prise engineer concern Executive Summery grammatical pull Essay protect charge is structured and ashesatic process of police squad ground end making and professional team may hold to the shop by decisiveness making as per the current situation, set apart or issue.VE is a speculated bell swan techniques performed by an independent mathematical group of experienced professionals. The technique involves an intensive, systematic and imaginative make to edit apostrophize while enhancing reliability and performance.Most of investors enthusiastic to have best determine for their investment by implementing comfort guidance/ design process, through mannersspan cycle of the interprets.As a result of unst fitted world economy and political conditions, Al Maya occupant Complex puke (Including with 25 no stories and car approximate range in triplet story basement) lymph node was otiose to find necessary funds compulsory for the project. in that respectfore the w oo of body structure should reduce as much as achievable.Hence it is necessary to turn tail taboo a grade engineering plumpshop to find disclose possible ways to reduce the hail of construction by maintaining the inevitable level of feel, performance and functional requirement.ACKNOWLEDGMENTINTRODUCTION repute caution is well established methodology which can use for maximizing the value for money. grade management strategies can apply at any pegleg of the vitality cycle (project from inception to the demolition) of a project. By applying value management strategies since the conception set up of a project, the knob will be able to achieve a better value for his investment (money) by providing compulsory level of quality, performance and only necessary functions. The client can melt out Value management / engineering work shops while construction is ongoing also by considering market conditions, economy conditions, political conditions, environmental conditions etc to seek better value for money by finding ersatz methods, do revisions as necessary etc.MAIN BODY backchatWhat Is the Value applied science/ Value Management?Concept of Value steeringWhen study about concept of VE, Lawrence Miles who is the founder of VE in 1940s a purchase engineer with theGeneral Electric Company(G. E. C). Miles observed that many of the alternates were providing equal or better performance at a dispirit hail and from this changed the first definition of value engineering, as per the article of WBDG national Institute of Building Sciences by Scott Cullen (12-15-2010).Value Management ProcessValue Management is structured and systematic process of team based decision making and professional team may involve to the workshop by decision making as per the current situation, condition or issue.There are few points in decision making such asInformation phase.Objective phase.Functional analysis phase.Creativity phase.Evaluation phase. knowledge phase.Reporting and recommendation phase.What Is the different of VE and VM?VE Consider from a tactical fleck of view, VM consider from the strategic point of view. In simple terms VM palm WHY? And VE deli re ally HOW?What Is the Value engineering?The Value Engineering for sewer water Treatment whole caboodle of USA- EPA, noned in it, VE is a speculated cost control techniques performed by an independent group of experienced professionals. The technique involves an intensive, systematic and creative study to reduce cost while enhancing reliability and performance.Why Is it employ?To establish the best number secondarys for molds.To reduce unnecessary cost on the Projects.To mend quality, increase reliability and availability, and customer satisfaction.To improve schedule.To reduce risk.To pose problems and develop recommended solutions.Generally value engineering process can be apply at any point/ phase in a project,However, usually if use in early stage of the project life cycle, will have sufficient benefits on investment.There are trio main stages of VEs application, those are describing as below.Planning PhasePlanning stage is pre-study preparation phase of VE there are redundant benefits to be resulted from a Value Engineering elaborateshop. Therefore independent team can beReview the program.Perform a functional analysis of the facility.Obtain the possessor/users definition of value.Define the primeval criteria and objectives for the project.Verify/validate the proposed program.Review keep peck architectural plan utility options, Offer secondary solutions.Verify if the budget is adequate. re psycheate showing the potential pitchs from VE applicationsGraph 1.1 VE applicationThis graph shows genuinely clear VE benefits of VE application furthermore. (Extracted from Value Engineering for Wastewater Treatment Works of USA- EPA)VE Workshop PhaseThis is the most authoritative phase of the VE process, generally address as VE workshop, required at leas t one workshop, typically 40- mo workshop session. As well as, client and designer whom they are limit the location as convenient of them.The first pure tone is prepare of order of business includingIntroduction,Briefing of value engineering,Presentation of Project design by project designer,Outline of the project Constrains,Question by VE team members for the designer,Methodology and glide pathThere are particular identify five-step during the actual Workshop of occupation plan of the VE study, as prescribed by article of Value Engineering by Scott Cullen in WDBG program.Information PhaseThe Value management facilitator gives brief explanation to all thespians about the value management process, project and study objectives roles and rules of the exercise. Information about the project objectives, critical issues and constraints identified at the strategic Diagnosis meeting, etc. guessing (Creative) Phase ingathering of creativity conceits from distributively team member and analyze them to identify which idea is expensey, which one should improve to use, which one non worthy or additional study required to evaluate, etc.Judgment (Evaluation) PhaseBy evaluating all creativity ideas with cost benefits etc the decision making team will take the final decision about each idea / device to incorporate to the final report. increment Phase (Value Management Proposals)In this phase VE team prepare alternative designs with capital and life cycle cost comparison of original design and proposed alternative. And all recommendation supplements with written descriptions, sketches, basic technical information and cost summaries.Presentation Phase (Report/Oral Presentation)In this phase VE team present the summery of it s finding to the owner and designers, explaining the basic ideas of alternatives.Post Work shop phaseThe Value management Facilitator prepares and presents a report for key stake holders of the project which includes sum-up of each phase, decisi ons make and actions to be taken, alternative methods and materials etc. which provide a complete audit trail. Then client and designers will consider the VE recommendations.Value Engineering Workshop Report of Al Maya Residential Complex ProjectIntroductionThis Dubai base multi story residential Complex project guest is a one of the re delegateed experienced person in the plait industry. According to the requirement of the client, he anticipate to reduce the unnecessary cost in the project if available, without touching or upset to the original quality, value of the project that planned at the began.This workshop was held in client office and all expenditure bared by client as own budget. Hence Value management and value engineering workshops are conducted according to the future(a) principlesThe workshop is held to reduce the cost of the project. wholly participants are stakeholder of the project.All participants take part and are able to put forward ideas and suggestions.The s tudy was facilitated by Mr. Susan Ali and Mr. Smith De Silva of Sullivan of PMP Pty Ltd in accord with the requirements of AS/NZS 41831994 (Value Management).Project detailsType of the projectAl Maya Resident Complex including with 25 no stories and car park in three story basement.ParticipantsClient Mr./Ms Al Suwahdi MohomadCivil Engineer (Contractor) ASCON mental synthesis LLCProject Manager- ALEC Project Management LLCArchitect- Design Group LLCMEP Designer- ASCON Construction LLC bill Surveyor- TEAMS Consultant LLC recourse Manger- ASCON Construction LLCValue Engineer team up- PMP Value Management LLC perspective of the ProjectZone 452/5, Block No.115, Emirate garden, Al Kahweenj, DubaiDuration of Construction24 Months (18 Months remaining for Construction)Agreed Cost of the ContractAED 30.5 million hold sumCurrent Issue decline of Unnecessary construction cost of the Proposed Resident Complex project through without touching or disturb the required level of quality, func tions and value due to lack of allocated finance.Agenda of Value Engineering WorkshopProject Al Maya Resident Complex including with 25 nos stories and car park in three story basement.Subject Reduction of Unnecessary construction cost of the Project due to lack of allocated finance.Location On 12th Nov. 2012 at the Park Building, Dubai. One day bunsNo.EventsPersonFromTo1.IntroductionClients representative9.00 am9.15am2.Briefing of VEVE Team leader9.15 am9.45am3.Presentation of the Project detailsDesigners9.45am10.15am4.Tea differentiate10.15am10.30am5.Outline the Project constrainProject Manager10.30am11.00am6.Questions by Value MangerVE member11.00am12.00pm7.Lunch12.00pm12.30pm8.Information PhaseVE member12.30pm1.30pm9.Speculation PhaseVE member1.30pm2.00pm10.Judgment PhaseAll Individual members (VE members)2.00pm3.00pm11. increment PhaseVE member3.00pm3.30pm12.Tea Time3.30pm3.45pm13.Presentation Phase3.45pm4.30pmThe VE workshopThis Value Engineering Workshop occurred according to the five-stage of job plan that recommended by New Zealand standard (AS/NZS 4183 1994). The aim of this value Engineering workshop lie of identifying unnecessary cost, developing alternatives, enabling decisions to be made without touching or disturbing the required level of quality, functions and value.Information phaseParticularly in this phase of the workshop, client shared relevant information with workshop members, in the first place objective of the workshop to ready all participant for ask questions, overthrow to develop ideas and suggestions and challenge ideas already on the table. The ideas are creation to set up innovative alternatives and ideas that may lead to better value outcomes for the project.All participant were presented they ideas asking question at this stage therefore this very importationant stage of the VE workshop for clearly make understand of the objective further.Client AgentHe explained the project background and objectives for all participant s clearly, and his expectation get of workshop finally as unnecessary cost reduction of the project without touching or disturbing the project original scope.Civil EngineerHe explained the existing situation of construction and agreed with both(prenominal) aims minded(p) by VE team. Such as local made hearty fittings and accessories, fence in floor tiles, etc. due all make under UK standardsProject ManagerHe explained possibility of mange for all ideasArchitectHe very much concerned about change of tile and local made sanitary items, eventually, he satisfy and explain those are under like quality of original design.MEP DesignerHe explained the possibility of change of liberation system inside the all room without harm to the original quality and value.Quantity SurveyorHe explained cost effective for all participant ideas,Safety MangerHe explained concerning the safety side for all new ideas, potential incident in future as well as some changes by recommended.Value Engineer TeamThey explained the their proposalsSpeculative phaseThis step of the VE workshop concerned developing creative ideas, the VE team trace all possible methods of providing the required functions within the project at a lower cost to the owner, many of the ideas were generated during the function analysis by detraining the worth of Collecting of creativity ideas from each team member and analyze them to identify which idea is worthy, which one should improve to use, which one not worthy or additional study required to evaluate, etc.Hence, all ideas given by the Value engineering team are as follows, and also the Quantity Surveyor provided possible cost save by each idea.NSpecified work items in ContractProposed IdeasCommentsOriginalCostProposed CostPotentialsavings1.Important sanitary fittings and bath room accessories UK made as specified.topically made Similar quality instead of import from UKCost saving, not effect to the quality.AED 4.2 millionAED 3.1 millionAED 0.9 million2.9 cement abashs for national walls.4 cement block for internal walls.Cost saving and not change the quality.AED 8.5 millionAED 6.1 millionAED 1.5 million3.100 Lux public Incandescent Lights bulbs for all rooms and out sides100 Lux energiser bulbs instead of specified Incandescent Lights bulbs.Cost saving but the change will effect to the appearanceAED 11.0millionAED 8.0millionAED 1.0million4. contrive in-suit cover floor and guard wall of auto park.Precast concrete for car park floor slab and guard walls.Cost saving feasible time.AED 5.5 millionAED 5.5 million5.Electrical control board boards and accessories units import from UK.Electrical panel boards and accessory units should import from china instead of UK made.Cost saving and tycoon not high standard with compare of UK made.AED 10.0 millionAED 10.0 million6.9 march thick internal block wall as specified.For all 9 inch brick internal wall should be changed to 4 inch block walls.Cost saving,AED15.0 millionAED15 millionA ll participants were noted down the ideas but not judge them at this stage. Later in the workshop all participants would be given the prospect to judge all proposals for worth and assess whether can be implemented to archive the aim of the VE workshop, because at the Judgment Phase each of the ideas was evaluated for worth.JUDGEMENT somaIn this phase the whole group judged the speculative ideas for merit the purpose being to identify ideas that are likely to reduce cost of the project.EvaluationThe following table lists the ideas submitted by participants and they were evaluated in accordance with the following rating systemEach Idea has rated by each participant as how it is effecting to the time, cost and quality of the project. Then it is possible to put rates at the opportunity column according to the given points by professionals. Then the Value Engineering Coordinator can select which proposal should develop, which proposal should reject and also which proposal can directly push for the action, etc.Company PMP Value Management LLC.Project Al Maya Residential Complex Project,( 25 storey and Car park in basement)Held on 05-10-2012 Table of Impact of VE workshop SummaryNoDescriptionImpactOpp.ActionRemarksTCQ1. locally made Similar quality instead of import from France made sanitary fittings accessories.5545ACost saving2.4 cement block for internal walls.5455ACost saving3.100 Lux energizer bulbs instead of specified Incandescent Lights bulbs.5334REffect to Appearance4.Precast concrete for car park floor slab and guard walls.5555DTo be identify possible areas5.Electrical panel boards and accessory units should import from china instead of UK made.3544ACost saving but should order again6.For all 9 inch brick internal wall should be changed to 4 inch block walls.3555ACost saving but design to be done backCode of valuationOpp = Opportunity,Impact= T Time, C Cost, Q QualityRating of Impact = 1 Possible/Low, 5-Very Possible/HighAction=A (Accept), D (De velop), R (Reject)This identified ideas with the potential of cost saving or improvements to the project shall be identified for further development under development phase.DEVELOPMENT PHASEIn this phase participants have the opportunity to make specific recommendations and proposals based on outcomes of the earlier phases. Workshop outcomes and a specific action plan are also produced pending the post workshop report.EVALUATION OF THE intentionThe proposal was supported by participants because it Support to local traders, Improves efficiency of igniter system, Provides safety of workmanship during the construction, Provides an alternative energy savings, and environmental safe.Issues that detract from the proposalIt requires more evaluation for life cycle cost of maintain menstruation and functioning, as well as it does not include infrastructures work review. cobblers last/ RECOMMENDATIONValue Management strategies can apply for any stage of any project. It is very much use fu ll to apply Value Engineering/ Management strategies since the connectional stage of a project. Also these strategies can be applying to any project till the demolition phase its, thus for the life cycle of the project. Any client can have a broad value for his investments by applying Value management/ engineering strategies for his/ her investment. It is super recommended to select out the proposals which proposed by the vale management team and also it is highly recommended to carry out further value management workshops to find out further more possible ways to reduction the construction cost.