Applying Risk Analysis, Value Engineering, and Other Innovative Solutions for Project Delivery (2017) / Chapter Skim
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Chapter 2 - Value Engineering Research Results
Chapter 2 - Value Engineering Research Results
Pages 54-65
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receiving federal assistance with an estimated total cost of $50,000,000 or more and b Bridge projects on the NHS receiving federal assistance with an estimated total cost of $40,000,000 or more – Removes the VE analysis requirement for projects delivered using the design-build method of construction and – Provides VE analysis guidance for projects delivered using the CMGC method of project delivery • The VECP process is typically decoupled from the design-related VE efforts for most agencies. This is generally administered through the construction division and not the design or project C h a p t e r 2 Value Engineering Research Results
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Washington Design Manual Chapter 310: Value Engineering -- M 22-01.10 July 2013 6. Montana Value Analysis Program Manual Updated April 2015 7.
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VE studies performed in-house did not apply function analysis techniques correctly if they applied them at all. Many consultant studies, however, did not leverage function analysis properly to help generate creative ideas.
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Study Days Creative Ideas Function Analysis Comments 1 Knik Arm Crossing AKDOT (Alaska) 2007 Consultant CVS $305 22 / 0 $01 5 99 Correct use.
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2010 Consultant CVS $65 9 / unknown unknown 4 40 Correct use. No cost function analysis.
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2013 Consultant CVS $22 4 / unknown unknown 4 33 Correct use. Cost function analysis performed.
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28 USA Parkway NDOT (Nevada) 2013 Consultant CVS $59 12 / unknown unknown 4 unknown There was no evidence of the proper use of function analysis in the report.
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Cost function analysis performed. FAST diagram developed.
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Study Days Creative Ideas Function Analysis Comments 38 I-5 / Blaine Exit Interchange Improvements WSDOT (Washington) 2006 Consultant CVS $17 10 / unknown unknown 5 83 Correct use.
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Correct - Tied to Creativity 37% Correct Not tied to Creativity 30% Not Used 33% Use of Function Analysis Figure 39. Level of VE alternative development.
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Value Engineering Surveys A formal VE Survey was distributed to agency VE coordinators -- a total of 84 survey requests were distributed. As of August 13, 2015, the research team collected 36 responses, of which 33 were complete.
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That way all the Project Managers can schedule the VE study at the proper time (30% or conceptual phase) ." • "It's important to recognize that VECP is not Value Engineering.
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