BOOK COVER......Page 1
HALF-TITLE......Page 2
TITLE......Page 4
COPYRIGHT......Page 5
DEDICATION......Page 6
CONTENTS......Page 7
PREFACE......Page 10
PART ONE THE DEVELOPMENT AND PRINCIPLES OF NORTH AMERICAN VALUE ENGINEERING......Page 11
1.2 BACKGROUND TO VALUE MANAGEMENT......Page 12
The new skill base......Page 13
1.4 AN OUTLINE OF THE BOOK......Page 14
2.1 BACKGROUND AND DEFINITION......Page 15
2.3 THE JOB PLAN......Page 16
Phase 3: Creativity......Page 17
2.4 FUNCTION, VALUE, COST AND WORTH......Page 18
2.5 THE TIMING OF THE APPLICATION OF VALUE ENGINEERING......Page 19
2.6 SUMMARY......Page 20
PART TWO THE PRACTICE OF NORTH AMERICAN VALUE ENGINEERING......Page 21
3.2 NORTH AMERICAN CONSTRUCTION CULTURE......Page 22
The Charette......Page 23
The 40 hour value engineering study......Page 24
Advantages and disadvantages of the value engineering study......Page 25
Variations on the formal approaches to value engineering......Page 26
3.4 SUMMARY......Page 27
Case study 2—Mass transit project......Page 28
Case study 3—A hospital building......Page 29
4.2 SUMMARY......Page 30
Outline of the Navy VE programme......Page 32
VE team study......Page 33
Outline of the New York City VE programme......Page 34
VE consultants......Page 35
VE study......Page 36
Developments towards the implementation of value engineering......Page 38
5.5 SUMMARY......Page 39
6.3 CLIENTS AND WORKLOAD......Page 41
40 hour value engineering study......Page 42
Value engineering audit......Page 43
6.6 SUMMARY......Page 44
PART THREE AN ANALYSIS, CRITIQUE AND EVALUATION OF NORTH AMERICAN VALUE ENGINEERING......Page 45
Definitions of value engineering......Page 46
7.4. THE 40 HOUR WORKSHOP......Page 47
The problem of the existing design team......Page 48
7.7 DESIGN LIABILITY......Page 49
7.10 SUMMARY......Page 50
8.2 VALUE MANAGEMENT AND COST MANAGEMENT......Page 51
8.4 THE CLIENT VALUE SYSTEM......Page 53
8.5 THE STRATEGY OF ORGANIZATIONS AND THE STRATEGY OF PROJECTS......Page 54
Systems as hierarchies......Page 55
The building blocks of systems analysis......Page 56
Project planning......Page 57
8.9 VALUE MANAGEMENT AS A STRATEGIC PROJECT MANAGEMENT TECHNIQUE......Page 58
8.10 SUMMARY......Page 59
PART FOUR A PROPOSAL FOR A UK IMPLEMENTATION OF VALUE MANAGEMENT......Page 61
9.2 FUNCTIONAL ANALYSIS PRACTICE IN MANUFACTURING AND CONSTRUCTION......Page 62
9.3 FUNCTIONAL ANALYSIS RULES......Page 63
9.4 CONSTRUCTION ORIENTATED FUNCTIONAL ANALYSIS......Page 64
9.5 FUNCTIONAL ANALYSIS SYSTEM TECHNIQUE (FAST)......Page 67
9.6 DEVELOPMENTS IN FUNCTIONAL ANALYSIS TECHNIQUES......Page 68
9.7 CONCLUSION......Page 69
10.3 RELEVANT COSTS......Page 70
Annual equivalent......Page 71
Proof 3—Sinking fund......Page 72
Proof 5—Years’ purchase or present value of £1 per annum......Page 74
10.6 INFLATION......Page 75
Symbols......Page 77
10.9 DATA FOR LIFE-CYCLE COSTING......Page 78
Cleaning......Page 79
10.12 EXAMPLES IN LIFE-CYCLE COSTING......Page 80
Generally......Page 81
Decision Tool 3—Internal rate of return (IRR)......Page 82
Decision Tool 7—Risk and uncertainty......Page 83
Decision Tool 8—Discounted cash flow......Page 84
Example 1......Page 85
Option 3. Replace in 6 years time.......Page 86
Example 2......Page 87
New Buildings—Example 3......Page 89
Existing buildings—Example 4......Page 90
Formal groups......Page 94
11.3 GROUP DYNAMICS......Page 95
The group development process......Page 96
11.4 GROUP PROBLEM SOLVING SKILLS......Page 97
Blocks to effective problem solving......Page 98
Problem solving tools and techniques......Page 99
Synectics......Page 100
11.5 NEGOTIATION......Page 101
Principled negotiation......Page 102
Aims or objectives......Page 103
Best alternative to a negotiated agreement......Page 104
11.6 CHAIRMANSHIP SKILLS......Page 105
11.7 SUMMARY......Page 106
12.3 A PROPOSED FUNCTIONAL ANALYSIS METHOD......Page 107
Level 1—Project task......Page 108
Level 2—Spaces......Page 109
Level 4—Components......Page 110
12.4 ALTERNATIVE STUDY APPROACHES......Page 111
12.5 AN EXAMPLE OF A UK CASE STUDY......Page 113
12.6 CONCLUSIONS......Page 114
VM team characteristics and the role of the VMTC......Page 115
Project economics......Page 116
REFERENCES......Page 117
INDEX......Page 119
