DESCRIPTION:
Value engineering is the systematic application of recognized techniques by a multi-disciplined team which identifies the function of a product or service, establishes a worth for that function, generates alternatives through the use of creative thinking, and provides the needed functions reliably at the lowest overall cost. Once a project has been identified for study, this systematic approach includes: Investigating the project and analyzing project functions and costs Creatively speculating on alternative ways to perform the various functions Evaluating the best and/or least effective life-cycle alternatives Developing acceptable alternatives into fully supported recommendations Presenting the recommendations to the project owner and agency management This workshop involves conducting a value engineering study in an interactive team environment on actual projects furnished by the host agency. The course also includes lecture and class discussion and some home study. Upon successful completion, course attendees will have the training necessary to successfully participate in future value engineering studies for their agencies. OUTCOMES:
Upon completion of the course, participants will be able to:- Recognize the difference between value engineering and other cost-reduction or problem-solving techniques
- Describe the systematic value engineering process and identify areas where the techniques have potential for savings in financial or material resources
- Support and further promote the use of value engineering as an effective management tool for product improvement and cost reduction
TARGET AUDIENCE:
The target audience for this course consists of FHWA and State highway agency/transportation department personnel in management, administrative, and engineering disciplines. Representatives of all function areas from planning through design, construction, and operations is desirable. |