Thursday, 5 December 2013

Semester 6- Cost Value Engineering

QSB 4214 - COST VALUE ENGINEERING
Lecturer    : Sr. Lee Wing Tey


Purpose of study cost value Engineering

Cost value engineering enables the author to know history, background, theories, concepts and principles of value engineering / value management in decision making process. Also, study the idea of unnecessary cost and cost cutting exercise in the cost planning and control stage which covers area of implementation of value engineering and the key person involve.


Objectives:

1. This subject allows me to understand in general the value process, function analysis and team dynamics in the client’s value system.


2. This study allows me to identify alternatives to undertake value studies at different stage of a project.

3. This study enable me to propose a more collaborative effort towards the promotion and awareness of value management in Malaysian construction industry in an effort to achieve value for money invested.


Learning Outcomes:

1. I am able to identify the appropriate time to carry out Value Engineering throughout different construction phases.

2. I am able to recognize and recall the contribution of the value engineering /value management in the development process.

3. I am able to apply the value management to a value outcome in the decision making process.

4. I am able to analyse the cost and value implications of project scope .and generate a Job-Plan for the implementation of Value Management workshop.


Test

After few months of studying this subject, student must prepared to face the mid term test which to test the students memories of what have learned from past few months. This is to test the ability of the students in identifying, analysing and applying the principles of cost value engineering in the test.


Assignment 1


Sunway Kiara Hills


Functional Analysis

This is a group assignment. This assignment is to do the case study report for project implementing Value Management in the Construction Industry. Each member required to contribute for this project. As for author, he and his partner are handled the part of proposed technical data supporting the selection of alternative and also prepared a cost analysis for this project.


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