Value engineering (VE) is used in the planning, development and optimization of high performance programs, projects, products, services and systems. VE assists in providing clear project direction, significantly reduced development and decision-making time, together with balancing life-cycle impacts and addressing project risks. This directly enhances teamwork and communication, as well as increasing stakeholder satisfaction and maximizing return on investment. VE is a well-established process for improving functionality, lifecycle cost, project delivery time and consensus-building. Through the Value Methodology (VM), value engineering clearly shows the decision makers the functions of various aspects, and their respective costs, so they can decide what should be eliminated, modified, or improved to provide the greatest value. This guide has been compiled by practitioners with a wealth of international consulting and training experience. It is intended for reference by: • Persons initiating VE/VM studies • Persons responsible for VE/VM study results • Persons participating in a VE/VM workshop • Persons supporting a VE/VM workshop (e.g. resource allocation or data provision) • Persons making long-lasting decisions on issues that will have far-reaching effects • Participants wishing to pursue VE/VM certification credentials.
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Martyn Phillips conducts strategic and operational consulting assignments, as well as performance improvement training / coaching and change management for a wide range of clients and topics worldwide. His leadership of group problem solving situations has resulted in significant savings of time and cost, together with functionality enhancements, - for a number of high profile projects and services for both the public and private sectors, in many different countries and diverse cultures. He is qualified as: Certified Value Specialist (US), Certificated Value Manager (UK), Fellow of the Institution of Civil Engineers (UK), Fellow of the Chartered Institution of Water and Environmental Management (UK), Fellow of the Hong Kong Institute of Value Management, Fellow, SAVE International (US), Professional Engineer (Canada), Professional in Value Management (Europe)
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