Agampreet Singh

Ms. Chawkat

IR GT

October 27, 2023

3rd Annotated Bibliography

Value Engineering for Security Design Projects. (2021, April). Security Business, NA.
https://link.gale.com/apps/doc/A657928165/GPS?u=glen20233&sid=bookmark-GPS
&xid=cc6453ad

This article delves into the application of Value Engineering in optimizing security
design projects. It highlights that while project costs often overshadow the importance of
functionality, value engineerng provides a balanced approach to attain maximal value
without compromising quality. Particularly in government-led major capital projects, value
engineering has emerged as a mandatory component due to its proven efficacy. The article
breaks down the concept of value as a balance between function and resources, with the
ultimate goal being to achieve the highest function at the lowest resource cost. Then this
article elaborates on the systematic Value engineering process, which involves six distinct
phases, each playing a pivotal role in ensuring the project aligns with its functional
requirements and stakeholder expectations. The authors additionally states that value
engineering isn't just used in official projects, keeping a value engineering mindset
throughout the planning process, especially in the beginning, can be very helpful. This
involves continuous coordination, brainstorming, and challenging traditional constraints.
The authors of this paper underline that while value engineering strives for optimal value,
identifying the point of decreasing profits is critical. Security design initiatives that use
value engineering concepts may assure both efficiency and effectiveness, eventually
benefiting the end-user and attaining larger project objectives.

The authors Security Business are qualified to discuss the topic of Value
Engineering for Security Design Projects because their credentials include extensive
research, interviews, and analysis on these topics as presented in their monthly trade
magazine. Given that it is published by Endeavor Business Media LLC, a reputable media
company, it strengthens the credibility of the content. The address and contact
information are included in the article. Written in April 2021, this source is current on the
topic of value engineering for security design projects. Considering it's within the last two
years and deals with a technical and business-oriented subject, it remains highly relevant
to value engineering in housings. Even though this is an opinion article, the author still
presents claims, reasoning, and evidence to show why value engineering is valid and
credible. For example, the authors discuss the different phases of the Value Engineering
process, such as the Information Phase, Functional Analysis Phase, and Creative Phase.
The coverage can be considered both broad and deep because it not only covers the
concept of value engineering but also goes into the details of how to implement it, the
various phases involved, and the benefits of adopting such a mindset. It is definitely
broader than deep however because of the article length which is pretty short. The
information contained in the source can be verified elsewhere. For example, the author
says “The Value Engineering cost model is based on the Pareto Principle, which
considers that often 80% of results or costs can be attributed to approximately 20% of
causes or effort.” This can be corroborated by Carla Tardi, a seasoned writer for
Investopedia. Her publication titled “80-20 Rule (aka Pareto Principle): What It Is, How It
Works” suggests that 80% of outcomes come from 20% of causes, emphasizing the
importance of focusing on the most impactful factors to achieve optimal results. The
purpose of this article is to inform security systems retail dealers about the importance
and benefits of Value Engineering in security design projects. The audience is trade
professionals involved in security system design and implementation. The article is
appropriate for this purpose and audience because it provides a detailed insight into the
concept of value engineering, its phases, and its benefits. For example, it discusses how
Value Engineering can optimize a design to meet required functions without sacrificing
quality at a minimal cost. Even though this article is specifically for security design
projects, it can correlate with home building safety tools.