Value Engineering is used by government agencies as well as design, construction, and manufacturing industries to optimize projects, business and manufacturing processes, and product development.

The benefits of a VE study include decreasing costs, increasing profits, and improving quality and performance, while enhancing customer satisfaction.

More substantial changes have been made to federal requirements for value engineering analysis (VE analysis) in 2012 than in the previous 20 years combined. Stating that a VE study has been completed in order to get Federal Aid funding now requires documenting the use of a study methodology that specifically mirrors the SAVE International VE job plan. Proven since the 1940s, the methodology yields a return on the VE study investment that can save at least $100 for every $1 invested in the study and average a minimum of 5% project cost savings. Properly used, the VE job plan supports keeping public projects on budget and schedule with a focus on quality—and better managing the long-term operations and maintenance costs.

Over this two-day course, participants will learn how

to apply the fundamentals of The SAVE International® value methodology and study process;
function analysis sets value management apart from other methodologies;
SAVE International’s value methodology meets requirements relative to FHWA revisions to the Code of Federal Regulations enacted 3/15/12 pertaining to the VE job plan and lifecycle costing;
Moving Ahead for Progress in the 21st Century” Act (MAP-21), enacted 7/6/12 impacts the FHWA revisions;
pre-study activities can set up productive workshops, including making the most useful information available;
to identify project performance criteria and workshop objectives that yield ideas with a higher likelihood of implementation;
using qualified facilitators who properly use the VE job plan can not only ensure requirements are met, but deliver the highest return on the money spent on your project.

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Detroit, MI View details    July 16, 2013 - July 17, 2013