Cost Value Engineering (QSB 4214)
Lecturer: Sr Lee Wing Tey
Objectives:
1) This subject allows me to understand in general the value process, function analysis and team dynamics in the client's value system.
2) This subject allows me to identify solutions to undertake value studies at different stage of a project.
2) This subject allows me to identify solutions to undertake value studies at different stage of a project.
3) This subject allows me to recommend a more collaborative effort towards the promotion and awareness of value management in Malaysian construction industry in an effort to achieve value for money invested.
Learning Outcomes:
Through the study of this subject,
1) I am able to identify the appropriate time to carry out Value
Engineering throughout different construction phases.
2) I am able to recognize and recall the contribution of the value engineering/value management in the development process.
3) I am able to apply the value management to a value outcome in the decision making process.
4) I am able to analyse the cost and value implications of project scope and generate a Job-Plan for the implementation of Value Management workshop.
2) I am able to recognize and recall the contribution of the value engineering/value management in the development process.
3) I am able to apply the value management to a value outcome in the decision making process.
4) I am able to analyse the cost and value implications of project scope and generate a Job-Plan for the implementation of Value Management workshop.
Module Schedule:
Week/Date
|
Topics/Readers
|
Lecture
|
Tutorial
|
Self-directed Study
|
Hours
|
Hours
|
Hours
|
||
Week 1
30
August
|
Introduction
to Value Management
|
In-class Discussion
|
Introduction to Value Management
|
|
2
|
2
|
7
|
||
Week 2
(Last day to add/drop a module
6September
|
Define of Value Management
|
In-class Discussion
|
Define of value Management
|
|
2
|
2
|
7
|
||
Week 3
13
September
|
History
and philosophy of Value Management
|
In-class Discussion
|
History and philosophy of value Management
|
|
2
|
2
|
7
|
||
Week 4
20
September
|
Distinction
between Value Engineering/Value Management/Value Analysis
|
In-class Discussion
|
Distinction between Value Engineering/ Value Management/Value
Analysis
|
|
2
|
2
|
7
|
||
Week 5
27
September
|
Concept
of Value, Cost, Function and Worth
|
In-class Discussion
|
Concept of Value , Cost, Function and Worth
|
|
2
|
2
|
8
|
||
Week 6
4
October
|
Unnecessary Cost
|
In-class Discussion
|
Unnecessary Cost
|
|
2
|
2
|
8
|
||
Week 7 (Last day for subject/module
withdrawal with WD
11October
|
Implementation of Value
management
|
In-class Discussion
|
Implementation of Value Management
|
|
2
|
2
|
8
|
Week/Date
|
Topics/Readers
|
Lecture
|
Tutorial
|
Self-directed Study
|
Hours
|
Hours
|
Hours
|
||
Week 8
(Online Student Registration)
18
October
|
Value Management Tools and Techniques
|
In-class Discussion & Feedback of Test
|
Value Management Tools and Techniques
|
|
2
|
2
|
7
|
||
Week 9 (Last day for Student Online Registration)
25
October
|
The Job Plan and Workshop
|
In-class Discussion
|
The Job Plan and Workshop
|
|
2
|
2
|
7
|
||
Week 10
1
November
|
The Facilitator
|
In-class Discussion
|
The Facilitator
|
|
2
|
2
|
7
|
||
4-8
November
(Non-contact Week)
|
Mid-semester Break
|
-
|
-
|
-
|
Week 11
(Online
Course
Evaluation
and
last day for
subject/module
withdrawal
with
F(W) grade)
15
November
|
Benefits of Value Management-Financial and Non-Financial
|
In-class Discussion
|
Benefits of Value Management – Financial and Non-Financial
|
|
2
|
2
|
8
|
||
Week 12
Last day for
completion of
Online Course
Evaluation)
22
November
|
Problems and Constraints in Value Management
|
In-class Discussion
|
Problems and Constraints of Value management
|
|
2
|
2
|
8
|
||
Week 13
29
November
|
Case Study
|
In-class Discussion
|
Case Study
|
|
2
|
2
|
8
|
||
Week 14
6
December
|
Revision
|
In-class Discussion;
Feedback of Group Assignment
|
Revision
|
|
2
|
2
|
5
|
||
Week 15
Study Leave
13
December
|
Submission:
TGC Portfolio
|
-
|
-
|
-
|
Group Assignment:
Objective:
1) To help students develop a deeper appreciation of the concepts learnt.
Learning Outcomes:
Through this assignment,
1) I am able to apply the concepts learnt.
2) I am able to develop a deeper appreciation of the concepts learnt.
Assignment Brief
Title
: Case Study Report for project
implementing Value Management in the Construction Industry . (any project at your own selection either with VM implementation or
to be implemented with Value Management study )
Reporting
Format of Case Study
-Introduction – Primary purpose of case study
-Executive summary of project under study
·
A brief description of project
·
A brief summary of problem
-The result of Functional Analysis
-Sketches before and after design showing proposed
changes
-Technical data supporting the selection of alternative
-Cost Analysis
-Action plan – preparation of action plan to monitor
the progress of work
-Conclusion and recommendation
Mid-Term Test
Objectives:
1) To learn the knowledge of cost value engineering.
2) To enable us to understand and investigate the topic taught by lecturer.
1) I will deeply understand the topic that had been taught by lecturer.
2) I will master the topic that had been taught by lecturer.
3) I will understand the progress of the syllabus.
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