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Mahmoud Abdallah
References

Techniques of Value Analysis and Engineering: 3rd Edition by Lawrence D. Miles

Techniques of Value Analysis and Engineering: 3rd Edition by Lawrence D. Miles

In achieving better value, there are two separate opportunity areas: (1) The identification of costs as necessary, and (2) The decision making which will eliminate the identified unnecessary cost. The techniques in this text apply extensively in area 1, identification. They are applicable in the predesign stage, the design-concept stage, the procurement stage, and the manufacturing stage, as well as in later cost-improvement stage. The objective of the concepts and techniques of value analysis is to make possible a degree of effectiveness in identifying and removing unnecessary cost that approaches the effectiveness of identifying performance improvements for the product or service and incorporating them into it. Value analysis is the name applied to this disciplined, step-by-step thinking system, with its specific approaches for mind setting, problem setting, and problem solving. Value engineering is often the name correctly used by qualified engineers in engineering work. This book was written by Lawrence D. Miles, the creator of value analysis. Its content is as accurate today as when it was originally published. it is the seminal reference of value analysis principles and concepts.

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VE General Knowledge

About Value Engineering

The Value Methodology (VM) is a systematic and structured approach for improving projects, products, and processes. VM, which is also known as value engineering, is used to analyze and improve manufacturing products and processes, design and construction projects, and business and administrative processes.

VM helps achieve an optimum balance between function, performance, quality, safety, and cost. The proper balance results in the maximum value for the project.

Value is the reliable performance of functions to meet customer needs at the lowest overall cost and it can be calculated like this:

Value = Function/Cost

Function is what the product or service is supposed to do.

Cost is the expenditure needed to create it.

The VM follows SAVE International®’s standard job plan, which consists of six phases:

  1. Information: Gather information to better understand the project.
  2. Function Analysis: Analyze the project to understand and clarify the required functions.
  3. Creative: Generate ideas on all the possible ways to accomplish the required functions.
  4. Evaluation: Synthesize ideas and concepts and select those that are feasible for development into specific value improvements.
  5. Development: Select and prepare the ‘best’ alternative(s) for improving value.
  6. Presentation: Present the value recommendation to the project stakeholders.

The best results are achieved by a multi-disciplined team with experience and expertise relevant to the project being studied. A Certified Value Specialist® (CVS) usually leads the team to ensure the VM is properly followed.

Enhancing Value in Your Company
VM is embraced by businesses, industries and government agencies around the globe. Building designers and contractors, automobile manufacturers, chemical and pharmaceutical companies and national, regional and local governments all use the process regularly. The benefits they achieve using VM far outweigh the investments as reduced time and cost, and increased quality contribute to corporate success and taxpayer value.

Source:

https://value-eng.site-ym.com/page/AboutVE