Sustainable Value Engineering
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- Date Submitted: 10/31/2015 03:56 AM
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Sustainable Building Services Engineering Value Engineering
6124 BEUG
Project Proposal
Prepared by:
Contents Page
List of Figures 3
Glossary 4
Introduction 1.0 5
Task 1a (2.0) 6
Task 1ai (2.1) 6
Task 1aii (2.2) 9
Task 1aiii (2.3) 11
Task 1aiv (2.4) 13
Task 1av (2.5) 16
Task 1B 3.0 19
Task 1c 4.0 21
Task 2a 5.0 24
Task 2b 6.0 26
Task 3A 7.0 31
Task 3B 8.0 34
Task 3c 9.0 37
Refernces 10.0 40
Appendix A MERA Analysis 11.0 41
Appendix b Value Hierarchy 12.0 44
Appendix c Priority Matrix & Weighting Form 13.0 46
Appendix D Decision Matrix 14.0 53
Appendix E LCC NPV Method 15.0 56
List of Figures
Figure 1 – Risk Response Methods
Figure 2 – Risk Management Strategy
Figure 3 – MLRE Analysis VAV & Chilled Options
Figure 4 – ARE Analysis VAV & Chilled Options
Figure 5 – Factor Method Formula
Figure 6 – Confidence Interval Formula
Table 1 – Data for Primary, Second & Third Order Objectives
Table 2 – Data for NPV
Table 3 - Object-Specific and reference in-use Conditions Resulting Factor Values
Glossary
WLC – Whole Life Cycle
WLCC – Whole Life Cycle Costing
BE – Base Estimate
ARE – Average Risk Assessment
MLRE – Maximum Likely Risk Assessment
MERA - Multiple Risk Estimating using Risk Analysis
RM – Risk Management
NPV – Net Present Value
SL – Service Life
RSL – Reference Service Life
ESL – Estimated Service Life
Introduction 1.0
The report's aim and objective is to show a comprehensive understanding of the varying aspects of value management / engineering. CULLEN, S (2010) describes value engineering as ”A conscious and explicit set of disciplined procedures designed to seek out optimum value for both initial and long-term investment.”
CULLEN, S (2010) goes on to further explain its origins, which lie in the manufacturing industry during World War II. Larry Miles is the most accredited individual in regards to the term value analysis. Value analysis is the term given...
6124 BEUG
Project Proposal
Prepared by:
Contents Page
List of Figures 3
Glossary 4
Introduction 1.0 5
Task 1a (2.0) 6
Task 1ai (2.1) 6
Task 1aii (2.2) 9
Task 1aiii (2.3) 11
Task 1aiv (2.4) 13
Task 1av (2.5) 16
Task 1B 3.0 19
Task 1c 4.0 21
Task 2a 5.0 24
Task 2b 6.0 26
Task 3A 7.0 31
Task 3B 8.0 34
Task 3c 9.0 37
Refernces 10.0 40
Appendix A MERA Analysis 11.0 41
Appendix b Value Hierarchy 12.0 44
Appendix c Priority Matrix & Weighting Form 13.0 46
Appendix D Decision Matrix 14.0 53
Appendix E LCC NPV Method 15.0 56
List of Figures
Figure 1 – Risk Response Methods
Figure 2 – Risk Management Strategy
Figure 3 – MLRE Analysis VAV & Chilled Options
Figure 4 – ARE Analysis VAV & Chilled Options
Figure 5 – Factor Method Formula
Figure 6 – Confidence Interval Formula
Table 1 – Data for Primary, Second & Third Order Objectives
Table 2 – Data for NPV
Table 3 - Object-Specific and reference in-use Conditions Resulting Factor Values
Glossary
WLC – Whole Life Cycle
WLCC – Whole Life Cycle Costing
BE – Base Estimate
ARE – Average Risk Assessment
MLRE – Maximum Likely Risk Assessment
MERA - Multiple Risk Estimating using Risk Analysis
RM – Risk Management
NPV – Net Present Value
SL – Service Life
RSL – Reference Service Life
ESL – Estimated Service Life
Introduction 1.0
The report's aim and objective is to show a comprehensive understanding of the varying aspects of value management / engineering. CULLEN, S (2010) describes value engineering as ”A conscious and explicit set of disciplined procedures designed to seek out optimum value for both initial and long-term investment.”
CULLEN, S (2010) goes on to further explain its origins, which lie in the manufacturing industry during World War II. Larry Miles is the most accredited individual in regards to the term value analysis. Value analysis is the term given...