A value engineering study is different than a value engineering change proposal vecp. Njdot value engineering process introduction the objective of the value engineering ve study is to identify opportunities and recommend alternatives aimed at improving the value of the project in terms of cost constructability and maintenance of traffic.
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The fhwacdot stewardship agreement requires ve studies for projects with total costs more than 40 million.
Value engineering fhwa. Value engineering final rule. Value engineering ve is a systemic independent multidisciplinary team review process used to analyze projects and provide recommendations for improving the value and quality of the project. This final rule modifies federal regulation title 23 code of federal regulation cfr part 627 to reflect the revisions made in federal law section 1503a3 of moving ahead for progress in the 21st century act map 21. The application of value engineering during construction is addressed both in the national highway institutes value engineering workshop and the fhwa contract administration core curriculum cacc pdf resource center workshop. This update incorporates the 23 cfr part 627 final rulemaking on value engineering for the fhwa effective april 16 2012 and 2012 map 21 authorization law effective october 1 2012. Briefly describe a successful ve analysis or lesson learned from conducting a ve analysis that is an agency best practice. Cdot ve program guidance db 2013 3 value engineering. Value engineering is a function oriented systematic team approach to eliminate and prevent unnecessary cost society of american engineers value engineering. Improve value and quality. Cdot did not conduct any new value engineering special analyses in fy 2011. Providing the needed functions safely reliably efficiently and at the lowest overall cost. The value engineering final rule pdf was published on september 5 2014. The target audience for this course consists of fhwa and state highway agency personnel in management administrative and engineering disciplines who will participate as value engineering team members or who are interested in learning more about the process. The cacc manual is a good resource as well. And reducing the time to complete the project.
Value engineering most often takes place after a design functional or detailed has taken place although the best time to do it is actually before design. Value engineering program february 2013 update 2 cooperation with the various design project managers. Additional information on vecps. And the document now includes guidance from other. A value analysis is undertaken whereby practitioners or subject matter experts gather together to perform the value methodology.
Chapter Two Value Engineering In Transportation Value
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