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Development of the Value Management Toolkit

Publication No
RR184-11
Type
Academic Document
Publication Date
Dec 01, 2003
Pages
398
Research Team
RT-184
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DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
Best practices ,  value enhancing practices ,  value management , and  value engineering  are all terms or “buzzwords” used throughout the engineering and construction industry with much confusion and mystery surrounding t
Key Findings
Describes how each VMP selection principle functions in the Selection Tool. (RR184-11, p. 33) 

The research identified 11 steps to assist with successful implementation of VMPs (RR184-11, p. 81). A few of these steps include: 

  • Form the core project team
  • Assess implementation team’s resources
  • Develop plans for implementing each VMP
This flowchart describes the six iterative validation steps supporting the Selection Tool. (RS184-11, p. 61) 
Filters & Tags
Knowledge Area
Business and Project Processes, Project Planning
Project Phase
Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup, Handover & Closeout
Project Function
Project Business Sponsor, Project Management, Architects & Engineering, Procurement & Contracts, Construction, Operations & Maintenance, Risk Management
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Value Engineering Toolkit
Keywords
Value Management Processes, Project Value Objectives, Value Engineering, Client Expectations, Functional Analysis Concept Design, Value Management Toolkit, Project Phases, VMP Selection Tool, rt184

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