Managing the Development of Building Projects for Better Results
 

First published in 1981, updated for web presentation, Dec. 2000
Introduction | Principal Parties | Project Plan | Improving Performance
Project Life Cycle | Bar Chart Schedule | Manpower Loading Data
Information Explosion | Final Cost | Design Stages | Cost Effectiveness
Choices | Construction Costing | Value Management | Design Review
Cost of Building Ownership | Practice and Value Management | Summary

Stages of a Value Management Design Review

Stage 1: Information

Objectives

• Provide an information base or "Cost model"
• Select areas for detailed study

Questions

• What is it? -
• What must it do?
• What does it cost?
• What is it worth?

Techniques

• Functional analysis
• Cost-Worth Concept
• Graphics
• Cost & Energy Modeling


Stage 2: Speculative

Objective

• Generate alternatives for meeting requirements

Question

• What else will perform the required function?

Technique

• Creative thinking process (i.e. brainstorming)


Stage 3: Analytical

Objective

• Evaluation & selection of best cost saving alternatives

Questions

• What will alternatives cost?
• Will the alternatives meet the required functions?
• What proposals have greatest cost savings?

Techniques

• Life cycle costing
• Weighted constraints evaluation
• Idea ratings

Stage 4: Proposal

Objective

• Presentation of best alternatives to the decision maker

Question

• How best to present proposals?

Techniques

• Narrative reports
• Schematic overlays
• Graphics


Stage 5: Final Report

Objective

• Define and quantify results

Question

• What was implemented?

Technique

• Life cycle costing

Applying Value Management  Applying Value Management
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