Introduction to the Value Management Toolkit
Publication No
RS184-1
Type
Research & Development Product
Publication Date
Nov 01, 2003
Pages
22
Research Team
RT-184
DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
Key Findings
The research identified 12 project value objectives for the toolkit. The objectives include the following as a sample, while all 12 are detailed in the research. (RS184-1, p. 3)
- Construction safety and health
- Product or service quality
- Environmental stewardship
The Value Management Toolkit presents 44 VMPs that support the 12 project value objectives. The VMPs are also grouped into five primary application categories. (RS184-1, p. 8)
- Broad application
- Organizational
- Planning
- Design/construction
- Operations/maintenance
Implementing VMPs provides value across the entire project life cycle. However, implementing most VMPs during feasibility and planning will yield the greatest benefits. (RS184-1, p. 10)
The Toolkit includes the following nine descriptive fields of information for each of the 44 VMPs. (RS184-1, p. 11)
- Purpose and objectives
- Primary benefits
- Key deliverables
- Circumstances for leveraged application
- Optimal timing for implementation
- Lead organization(s) for implementing
- Other participants
- References for more information
- Sequence of steps in process
The premier feature of the Toolkit was its computer-based VMP selection tool (RS184-1, p. 12). The four principles of the selection tool were:
- Primary desire benefit
- Timing of implementation
- Magnitude of impact
- Suitability to the project
Filters & Tags
Knowledge Area
Project Phase
Project Function
Industry Group
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
Sign In
Don't have an account? Click here to register for one!
Ready to Become a member?