Value Management and Engineering
Value management’s objective of is to identify and eliminate those features of a design which do not contribute to the performance of an asset or which do not enhance its value when considered against the requirements of the Brief or other objective criteria.
Value is a measure of the functionality of an asset (its objective satisfaction of a need) relative to the resources required to construct, operate and maintain the asset (cost, time, space, etc).
BrunswickIS operates a structured approach to value management. This involves bringing together key people at critical points in the development of a project to identify and analyse factors which affect the functionality and value of the asset. A workshop environment allows a full range of ideas, solutions and opportunities to be considered in a short space of time and facilitates a process in which decisions are made by consensus and ownership is with the group rather than with individuals.
The term ‘value management’ can be used to reflect the whole process but it can also be used to describe the early strategic interventions when maximum benefit can be obtained. Workshops held at the project definition and conceptual design stages can significantly influence the shape of the project and ensure that every aspect of the proposals add value.
The term ‘value engineering’ is used to describe subsequent workshops which are held at critical stages in the development of the project such as the preliminary and detailed design stages and which focus on ensuring that the most efficient design and methods of construction are developed.
In these terms, value management is concerned with ‘what’ is provided whilst value engineering is concerned with the detail of ‘how’ it is provided.
The fundamental benefit of the value management is that it provides an effective, collective and auditable decision making process that allows the project team to focus on delivering an efficient asset that provides the Client with value for money.
 Developing the Client's Brief
Preparing Feasibility Studies
Developing Procurement Strategies
Value Management
Risk Management |
