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Value Engineering
Value Engineering
Performancemax
Valuemax =
Costmin
Definition of Value Engineering
Potential
Savings
$
Cost to
Change
*Performance Improvement
*Significant Cost Savings/Avoidance
*Optimization of Resources (Time & Money)
*Review (Technical, QA) – Optional Objective
*Coordination (In- House & Users)
*Transfer Innovative Technologies
*Have Fun!
The Value Engineering Job Plan
*Provides a systematic
approach
*Divides the study into
distinct work elements
Value Engineering Is:
Step 1 – Preparation/Organization
Step 2 - Information
Step 3 – Function Analysis
Step 4 – Speculation/Creativity
Step 5 – Evaluation
Step 6 - Development
Step 7 – Presentation/Report
HOW? WHY?
Design “All The Time”
Objective Function
Steel
*Function Analysis
Sacrificial Tank
Excavation
Anode &
Backfill
* Identify the functions
Store
*Function Analysis
Protect Fuel
Tank Hide
Tank
Function Analysis
HOW? WHY?
Primary
Function
Function Analysis
HOW? WHY?
Tanks
Bins
Silos
Primary Pools
Boxes
Function Sacks
Function Analysis
HOW? WHY?
Primary
Function
Function Analysis
HOW? WHY?
Manufacture
Purchase
Recycle
Primary Trade
Generate
Function Mine
Function Analysis
HOW? WHY?
Primary
Function
Function Analysis
HOW? WHY?
Pump
Pipeline
Conveyor
Primary Siphon
Cable
Function Microwave
Speculation Phase
Purposes
Regulations What will
and my boss
Guidelines think?
are sacred!