chapter Managing Value Objectives Using the Value Methodology -- chapter Discovering the Certification Process -- chapter Cost Overrun Trends -- chapter Meeting Project Value Objectives -- GETTING THE MOST FOR THE BUDGET -- chapter Users of Managing Value Objectives -- POTENTIAL USERS -- chapter Value Objectives Methodology -- WHAT IS VALUE ENGINEERING? Definitions -- chapter Improving Value -- PROJECT ANALYSIS Why Take the Time to Analyze This Project? -- chapter Figure 1 FAST diagram. -- chapter Value Project Analysis Criteria -- VM STANDARDS Value Analysis Practice Guidelines -- chapter Pre-Study Work Plan -- chapter The Job Plan -- chapter Team Make Up -- chapter A Sample Live MVO Study -- MANAGING VALUE OBJECTIVES -- chapter Evaluation Repair Perfor Repair Disruption Mod Acc Total Rank table used by time mance cost Ifica Oun team tion ting Weight 1-99 = high Rank 1-55=high -- chapter MVO Study Examples -- Project Map Value Improvement Study Summary -- chapter TABLE OF CONTENTS -- SECTION DESCRIPTION -- chapter INTRODUCTION -- SCOPE -- chapter Name Title Phone/E-mail -- chapter PHASE ONE: INVESTIGATION (INFORMATION GATHERING) PHASE -- chapter VE WORKSHOP FUNCTION ANALYSIS -- chapter Item FGKL USD T C weight 3567476 Total Rank -- chapter RECAPITULATION -- chapter COST ESTIMATE COMPARISONS Item Description Quantity Unit Unit Original Proposed Potential Cost Cost Cost Cost Savings -- chapter VE WORKSHOP IMPLEMENTATION -- chapter 2 Outlook for Future Goods Future Expansions Plans and Status of Existing Plants 3. Change in Financial Condition -- chapter Phase 1: Information Gathering Procedures -- FACTS HISTORY -- chapter Phase 2: Creative Brainstorming -- PURPOSE AND TECHNIQUES USED TO OPEN OUR MINDS TO BEING CREATIVE -- chapter People Skills During the MVO Study -- chapter Let the Speaker Know You are Giving Your Attention -- chapter Style Types -- chapter Making Effective Presentations -- chapter Managing Conflicts -- CONFLICT MANAGEM ENT -- chapter Phase 3: Evaluation Techniques -- chapter Phase 4: Development of Best Ideas -- chapter Phase 5: Presenting and Reporting Findings -- chapter Getting Best Results -- chapter Future Follow-Up and Implementation -- chapter Blank Sample of Study Format -- MANAGING VALUE OBJECTIVES lnsert picture of project Value Improvement Study Summary -- chapter TABLE OF CONTENTS -- SECTIONDESCRIPTION -- chapter 7 Review Comments EXECUTIVE SUMMARY REPORT -- SCOPE -- chapter PRE-STUDY ACTIVITlES -- chapter Cost/Function Model VE WORKSHOP FUNCTION ANALYSIS -- chapter VALUE WORKSHOP PHASE TWO: CREATIVE/SPECULATION -- chapter VALUE WORKSHOP PHASE THREE: EVALUATION -- chapter VALUE WORKSHOP PHASE FOUR: DEVELOPMENT -- chapter RECAPITULATION -- chapter PHASE FIVE: RECOMMENDATION/PRESENTATION/REPORT -- chapter Midterm Exam -- chapter Managing Project Objectives -- OBJECTIVES ARE ANALYZED BY THE TEAM FOR MANAGEMENT CONSIDERATION -- chapter Letting the Job Plan Work -- HOW CAN MANAGEMENT OF VALUE OBJECTIVES BE APPLIED? -- chapter Tips -- COST MODELING TIPS -- chapter Project Analysis -- PROJECT ANALYSIS USING FUNCTIONS Why Take the Time to Analyze This Project? -- chapter Figure 1 FAST daigram (see Chap. 7). -- chapter Creativity Process -- CREATIVITY PROCESS AND MENTAL POWERS WITH PEOPLE SKILLS -- chapter Types of Functions -- TYPES OF PROJECT FUNCTIONS -- chapter Problem Solvers -- PROBLEM SOLVERS Scope of the Problem -- chapter Adding Value -- A VALUE ADDED APPROACH: WAYS TO ADD VALUE -- chapter Value Mismatch -- FINDING MISMATCHES IN VALUE -- chapter Managing Time -- TIME MANAGEMENT -- chapter Financial Breakdown -- A REVIEW OF THE FINANCES REQUIRED FOR A FULL LIFE CYCLE OF THE PROJECT -- chapter Contracting Methods/Decisions -- WHAT DECISIONS MUST BE MADE BY THE VALUE REVIEW TEAM TO REFINE THE CONTRACTING METHODS? -- chapter Life Cycle Cost Components -- COST COMPONENTS FOR A FULL LIFE CYCLE VIEW OF THE MVO TEAM RECOMMENDATIONS -- chapter Cost and Worth Per Function -- chapter Financially Important Decisions -- THE MVO STUDY CAN PROVIDE FOR BETTER DECISIONS FOR BASING FINANCIAL PLANS Before the Study -- chapter Team Building Skills -- BUILDING SKILLS DURING THE MVO STUDY -- chapter Function Analysis Diagramming -- DIAGRAMMING THE FUNCTIONS BEING ANALYZED -- chapter Alternative Ideas -- CREATING ALTERNATIVE IDEAS 1. Create new ideas for travel in the year 2050. What needs to be done between now and then to accomplish the new project? -- chapter Evaluating Best Alternatives -- DETERMINING THE BEST ALTERNATIVES -- chapter Presentations for Management -- PACKAGING AND SELLING THE BEST ALTERNATIVES FOR MANAGEMENT REVIEW AND ACCEPTANCE Provide a Well-Documented Package -- chapter MVO Program Enhancements -- ENHANCING THE MVO PROGRAM -- chapter Solving Technical Problems -- TECHNICALLY ORIENTED FAST -- chapter REFERENCE -- chapter Breaking the Problem Down -- LADDER OF ABSTRACTION -- chapter REFERENCE -- chapter Customer Focus -- CUSTOMER ORIENTED FAST -- chapter REFERENCE -- chapter Leading a Session -- LEADING A TEAM FAST DIAGRAM SESSION -- chapter Discussion Groups -- GROUP DISCUSSIONS -- chapter Overall Component Analysis -- SELECTING OVERALL PROJECT COMPONENTS FOR A STUDY -- chapter Specific Component Analysis -- ANALYSIS OF SPECIFIC COMPONENTS AS PART OF AN OVERALL PROGRAM -- chapter Summarizing Study Results -- SIMPLIFYING THE MVO STUDY RESULTS -- chapter Exam Review -- chapter TRAINING INFORMATION -- TRAINING SLIDES INTRODUCTION AND MODULE I -- chapter Answers to Chapters 25, 38, and 55 -- CHAPTER 25: MIDTERM EXAM -- chapter Answer: -- chapter True -- chapter LIFE CYCLE COST COMPONENTS -- chapter Answer: True.