Task Item No. 4-14: Participate in value engineering process.

Question 1

Task Item No. 4-14: Participate in value engineering process.

• Evaluate the efficacy of eliminating products and assemblies in reference to their bearing on the quality of the final product as compared with the upfront cost.
• Evaluate the initial cost of a product vs. the long term maintenance cost of the substitution.

Answer 1

Task Item No. 4-14: Participate in value engineering process.

• CSPG 7.5.2
• PDPG 8.13

Question 2

PDPG

8.13 Value Analysis

Value analysis, also called value enhanced design or value engineering, is the process of evaluating documented design to identify potential alternative methods, systems, or materials that will benefit the owner by enhancing the of the project.

Value analysis can be used toor to reduce initial or long-term costs.

Answer 2

8.13 Value Analysis

Value analysis, also called value enhanced design or value engineering, is the process of evaluating documented design to identify potential alternative methods, systems, or materials that will benefit the owner by enhancing the life cycle value of the project.

Value analysis can be used to enhance project value or to reduce initial or long-term costs.