Portfolio for Cost Value Engineering

This module consists of 12 chapters which are:

Chapter 1: Introduction to Value Management
Chapter 2: Define of Value Management
Chapter 3: History and philosophy of Value Management
Chapter 4: Distinction between Value Engineering/Value Management/Value Analysis
Chapter 5: Concept of Value, Cost, Function and Worth
Chapter 6: Unnecessary Cost
Chapter 7: Implementation of Value Management
Chapter 8: Value Management Tools and Techniques
Chapter 9: The Facilitator
Chapter 10: The Job Plan and Workshop
Chapter 11: Problems and Constraints in Value Management
Chapter 12: Benefits of Value Management - Financial and Non-Financial

The learning outcome of this module are:
(a) Identify the relevant time to carry out Value Engineering on different construction phases
(b) Recognize and recall the contribution of the value engineering/value management in the development process
(c) Apply the value management to a value outcome in the decision making process
(d) Analyse the cost and value implications of project scope and generate a Job Plan for the implementation of Value Management Workshop

There is a group assignment  for this module which a case study report for project implementing Value Management in the Construction Industry need to be prepared. For my group, we selected 41 units of 2 storeys of terrace/link house at Ambang Botanic 2, Klang.

                                                   Figure 1: Front view of terrace house

Figure 2: Location plan of Enya, Ambang Botanic 2, Bandar Botanic, Klang

Figure 3: Ground Floor plan and First Floor plan of Enya, Double Storey Terrace/link house

      From this project, I learned how to do functional analysis (criteria scoring matrix), summary of cost analysis and action plan in this project which shows that I am able to put theories into practice, understand ethical issues in the context of cost value engineering and understand professional practice within cost value engineering. Besides that, I also learned more about how to select which material to be used.

Besides that, I learned to understand team dynamics and mobilize the power of teams throughout this assignment. Furthermore, this assignment also requires leadership. In addition to that, I also learned how to effective use the information that I had by searching information through website and obtaining relevant information from the particular company.