Value Engineering (VE) is a systematic process using a team from a variety of disciplines to improve the value of a project through the analysis of its functions. The VE process incorporates, to the extent possible, the values of design; construction; maintenance; contractor; state, local and federal approval agencies; other stakeholders; and the public.
The primary objective of a Value Engineering study is value improvement. The value improvements might relate to scope definition, functional design, constructibility, coordination (both internal and external), or the schedule for project development. Other possible value improvements are reduced environmental impacts, reduced public (traffic) inconvenience, or reduced project cost.
Value Engineering can be applied during any stage of a project’s development, although the greatest benefits and resource savings are typically achieved early in development during the planning or scoping phases.
Value Engineering (VE) is a proven, effective tool for both continuous improvement and design enhancement. VE optimizes the allocation of limited funds without reducing the quality of a project.
Value Engineering Objectives
- Build consensus with our partners to encourage positive impacts on project delivery.
- Innovative cost avoidance ideas become standard on future projects.
- Reduce life cycle cost of items to lower future maintenance costs
2007 was a great year!
During the past year, we conducted 18 studies and finalized 14 studies on projects that had a combined original construction estimate of over $1.871 billion. The design teams implemented 50 of 96 recommendations for a total net savings of $293 million. This equates to an implementation rate of 52 percent and a return on investment of $452 for every $1 spent on VE studies.
Current News
As part of the upcoming revisions to the Design Manual, Chapter 315 “Value Engineering” is being reviewed. If you have any comments or questions please contact Blane Long or Terry Berends.
The WSDOT Value Engineering Program was recently audited by the Federal Highway Administration. FHWA Report number read more (pdf 501k) ….
Scheduled VE Studies