Last Updated 20 Apr 2022

Value Management in Construction and Property

Words 9295 (34 pages)
Views 489

BRE 533 Value Management in Construction and Property Final Report Propose Development of The Hong Kong Polytechnic University Phase 8 Development 30 April 2010 Content Executive Summary| | Introduction| Background to the value management study| Function of the value management workshop| Project objectives| Value management workshop objectives| | Information Phase| Overview of presentations| Q&A of the presentation| | Function Analysis Phase| List of functions of FCLU| Functional matrix| FAST diagram| | Creativity Phase| List of brainstormed ideas to satisfy selected functions of FCLU| |

Evaluation Phase| Criteria for evaluation of brainstormed ideas| List of P1, P2, P3 ideas| Weighted evaluation technique| | Development Phase| Action Plan| | Presentation Phase| | Summary and Conclusion| | Reflective journals| | Appendices| Appendix A| List of roles of participants| Appendix B| Workshop agenda| Appendix C| Photo of VM Workshop| Executive Summary As Phase 8 development of Polytechnic University is proceeding actively. To ensure all stakeholders’ needs were accounted for, a one day value management workshop was held at Polytechnic University Room W610 to discuss the use of campus, at no. 5 Wylie Path. Representative of various interested groups, government departments and stakeholders were present. The representatives were carefully selected by due process as the success of the value management workshop is dependent upon the input of participants. The workshop followed the Lawrence Miles approach which was widely accepted in international standards and all groups, departments and stakeholders thus gone through all major stages: 1. Pre-workshop Phase namely information phase, 2. Workshop Phase - function analysis phase, creativity phase, evaluation phase and 3.

Post workshop Phase - reporting/development phase to input new ideas and rule out any unnecessary functions These three phases were worked by the team members in order to achieve better value for money for FCLU. The information stage of the workshop comprised, in addition to the presentations by participants, a structured question and answer session and a functional analysis section, which identified forty areas or objectives to be idea generated in relation to option 5; the first ranked option.

Order custom essay Value Management in Construction and Property with free plagiarism report


The idea generation produced which ultimately were converted into a series of working lists. This included seven design notations which represented stakeholders’ needs and were, by consensus, to be included as part of the preliminary concept design. A preliminary assessment of risk associated with the project was undertaken following the value management process. This will form an introduction to a full risk assessment which will be done when a preferred proposal is announced.

The participants were well familiar with the issues surrounding the project and this step has provided preliminary information for that later During the workshops, all participants have expressed their ideas and all information are recorded through the interactive value management software. To enhance sustainable development concept of whole project scheme, evaluation criteria were identified, defined and rated. These evaluation criteria were applied to each agreed alternatives and were rated on the scale of 1 -10.

The idea generation stage of the job plan produced ideas for the refinement of sustainable design and were developed into action plans which are found in the body of the report. Introduction 1. 1 Background to the value management study The Phase 8 development is formerly design to be located at “former Livestock Depot”, northwest of the existing campus. The anticipated move in date is at the end of 2012. Upon completion, the development will provide approximately 25,600m2 net floor area for implementation of the new academic system and other academic development.

However, upon completion of the design of Phase 8, the government would like to donate the lot no. 15 Wylie Path to the PolyU for expansion of the campus. To minimize the occurrence of abortive design, it is intended to relocate the Phase 8 development to no. 15 Wylie Path with additional facilities to ensure fully utilized of the land piece. The Associate Dean of FCLU, requested to conduct a VM workshop for the briefing process of this new project scheme to gain wider public consultation. 1. 2 Function of the value management workshop

The workshop provides the vehicle for bringing together the groups, departments and key stakeholders in a forum which: * Maximizes their contribution; * Draws on the combined knowledge of people from a variety of disciplines; * Takes advantage of group dynamics, rather than relying on input from individuals in isolation; and * Helps to bring into perspective the project as a whole, rather than as a collection of independent elements. Therefore, the number of participants should be actively managed so as to not become unwieldy, while maintaining a wide representative.

The list of role of participant is attached in Appendix A. While the workshop should be properly managed due to time constraint, an agenda is required and is enclosed in Appendix B. 1. 3 Project objectives The objectives of the project are: * Expansion of new campus to cope with the new “3+3+4” academic system. * Avoid abortive design due to relocation of Phase 8 development to no. 15 Wylie Path with additional facilities to make full use of the piece of land. * Facilitate green building design. * Enhance the concept of sustainable development. Improve the image/reputation of the university. * Minimize impact to the public and adjoining community. 1. 4 Value management workshop objectives The value management workshop objectives are: * To provide a forum to discuss the use of the land no. 15 Wylie Path to achieve sustainability and value for money. * To discuss the functions of FLCU in order to make adjustment to the former design of Phase 8 for locating at no. 15 Wylie Path. * To determine the additional facilities to be located in no. 15 Wylie Path apart from Phase 8 development. . 5 Workshop strategy The Workshop followed began in the five-stage Job Plan identified in Value Management Literature. Information stage The development project workshop began in the room W610 at the PolyU campus where presentations and keynotes speeches provided information on various aspects of development. Analysis stage The rationale behind a Value Management study is that the functions under study are analyzed to determine whether they can be carried out more efficiently and cheaply without reducing either quality or performance.

With the large number of participants, analysis was not as rigorous as to determine the functions Over lunch in the staff canteen in the PolyU of the day of the workshop, we were set a task of identifying key areas of importance, which were then combined into a workshop-wide list. The necessary functions were determined through asking the participants what was important to them. This was carried out in a rolling approach. First, each participant was asked to think of the important aspect, then discuss them amongst their team and finally promote them to the whole workshop.

Later, a mixture of functions and evaluation markers resulted in the whiteboard. The result was then used to direct the creative thinking and evaluation sessions. Creative stage The number and diversity of creative ideas that emerged from the workshop were satisfying, as to be expected from the value management process. Majority of the creative thinking process have run smoothly. Evaluation stage At the end of the creative thinking session, teams were asked to present their ideas. This allowed a certain amount of evaluation to take place before the presentation as teams only presented their best ideas.

The further evaluation and development of ideas took place with all the participants in the workshop together. Development stage The workshop ended with an action plan which set out tasks that were required for the ideas raised in the workshop to be taken forward. This action plan is seen as an important step to change the workshop from a talking shop to one with a definable outcome. Information Phase Overview of presentations Presentations were carried out in the order of the following functions: * Project design teams – including architect, building services engineers, landscape architects, etc. o present their roles, the available preliminary design, concept of their design and how their design can meet with the sustainable development goal and the new academic system. * Government departments – including Buildings Department, Highways Department, Architectural Services Department, etc. to present their roles, the current and necessary statutory requirements imposed on the project and the views in terms of government. * End users or related interested groups – including different faculties, student union, planning office, etc. o present their roles, their concerns of the project, their needs and expectations from the project in view of the new academic system. * Potential contractors – including main contractor and subcontractors to present their roles, the anticipated planning of works and their expectations in terms of design, waste management and contractual arrangement. Some participants make use of the computer facilities to deliver their ideas/expectations through Microsoft Powerpoint slides while the majorities are presented via general speech and causal discussion.

The content of the presentations is based on the context of the background papers prepared by all participants. After the general introduction by the facilitator, speakers gave several presentations on the major issues surrounding the project. They were as follows: Speaker| Topic| President| Aim to meet the need for providing the use of the land No. 15 Wylie Path to achieve sustainability and value for money. | Consultant Architect| Review of permissible land use, deliver of preliminaries project design and type of contract procurement. | Campus Planning Officer| Introduce the preliminaries planned requirement. Associate Dean of FCLU| Role of Associate Dean of FCLU| Facility Management| The importance of Facility Management| Head of BSE| Sustainability development| Head of CSE| Role of Head of CSE| Student Union| Role of Student Union| Landscape Architect Project Manager| Review of statutory requirement, deliver of preliminaries landscape design concept. | Consultant Landscape Architect| Review of statutory requirement, deliver of preliminaries landscape design concept. | Building Services Consultant| Self promotion| Fire Safety Engineer| The importance of Fire installation| Quantity Surveyor| Role of QS in the project|

Lands Department| Land Use of Site| Architectural Services Department| Role of ASD on Public Building Projects| Environmental Protection Department| Potential Environmental Impacts and Mitigation Measures| Electrical & Mechanical Services Department| Monitoring the Quality and Workmanship of Lifts and Escalators and Administrate Registers of Registered Electrical Workers (REW) and Contractors (REC)| Buildings Department| Statutory Standards of Buildings| Contractor| Time, Cost and Quality Construction| Building Sub-contractor| Sustainable Development and Value for Money| Overview of Presentations

The key points of the presentation listed in the table above are found as follows: President President of PolyU presented the aim of this VM workshop and such approach is to meet the need for providing the use of the land No. 15 Wylie Path to achieve sustainability and value for money. The development phase describes how to relocate the Phase 8 development to no. 15 Wylie Path with additional facilities to make full use of the piece of land was briefly conducted. Also, background information about the project had been clearly presented during the VM workshop. “The Phase 8 development is proceeding actively.

It is originally design to be located at “former Livestock Depot”, which is in the northwest of the existing campus. The anticipated move in date is at the end of 2012. However, upon completion of the design of Phase 8, the government would like to donate the lot no. 15 Wylie Path to the PolyU for expansion of the campus. So, intent to avoid abortive design, the Associate Dean of FCLU (Faculty of construction and land use) suggested conducting VM workshop for the briefing process of this new project to gain wider public consultation. ” Consultant Architect Consultant Architect clarified the current land use of the land denoted from overnment and the mechanism of the land use change under current statutory requirement. He also presented his preliminaries design of the project including the project scope and nature in accordance with the statutory outline zoning plan. Typical design considerations were also reviewed by him and he also further adopts various forms of energy efficient features:- (a) Water-cooled chillers and evaporative cooling towers; (b) Rotary heat wheel for primary air-handling units; (c) Demand control of fresh air supply with carbon dioxide sensor; (d) Occupancy and daylight sensors for lighting control; e) Light-emitting diode (LED) type exit signs; and (f) Automatic lighting and ventilation control for lifts. Finally, the contract procurement by means of design and build contract was introduced. Campus Planning Officer Campus Planning Officer reviewed the necessaries of shuttle buses between the old and new campus and introduced the overall project development time frame. They also planned that the development shall provide approximately 25,600m2 GFA for general teaching facilities including lecture theatres and classrooms, teaching and research laboratories, conference facilities, office accommodation and amenities facilities.

Associate Dean of FCLU * Associate Dean of the Faculty is responsible for the promotion of whole-person development of undergraduates in the Faculty and is responsible for matters in relation to the development of undergraduate curriculum, including general education, transition to the 4-year normative degree, and outcome-based teaching and learning. * * As the president of HKIVM who initials the use of VM workshop in facilitating with over years experiences of being facilitator in VM workshop.

Being a Certified Value Analysts (CVA) recognized by the UK IVM and also the certified facilitator (List A) in HKIVM, Associate Dean of the Faculty is used to be secretary, editor and vice president of HKIVM. Facility Management Facility Management is the process by which an organization integrates its people, work process and physical assets to serve its strategic objectives. As a discipline, facility management is the science and art of managing this integrative process from operational to strategic levels for promoting the competitiveness of organizations.

The HKIFM hence recognises Facility Management as both a process and a discipline. It also affirms the integrative approach adopted in Facility Management world-wide and promotes the synergy of effective people and building/ asset management that can enhance a corporation’s competitiveness. In addition, HKIFM accords Facility Management to the highest professional level whereby facility managers are instrumental in the strategic decision making of an organization. * * Head of BSE As the head of BSE, they would introduce sustainability development.

Sustainable development is a pattern of using resource that aims to meet human needs while preserving the environment so that these needs can be met not only at the present, but also for future generations. Engineering plays a crucial role to the success of this new technologies and applications. The various aspects of sustainable design have to be considered which consists of enhanced of the physical environment, energy conservation, visual and noise impacts, indoor environmental quality, water management, solid waste management, operation and maintenance.

Energy conservation- There should be integration of architectural design to enhance energy efficiency. Building orientation and building envelope design, including sunshades and glazing should be considered to adopt the overall thermal transfer value and the overall energy approach. Energy consumption display panel can be used as educational facilities to promote awareness of building occupants. Visual and noise impacts- The cultural and heritage values of a building should be well considered in order to reduce the visual impact.

The noise impact can also be reduced through building envelope design, provision of noise barriers and introduction of noise prevention measure, etc. Indoor environment quality- Natural ventilation is recommended to use and the indoor air quality can be maintained by specifying materials and products with low volatile organic compound emission as well as by air treatment and filtration. The use of daylight should be maximized while visual privacy from exterior is maintained. Both glare and light pollution should also be minimized. Water management- Reduce, reuse and recycle can be applied.

The use of low-flow spray taps with sensor operation can reduce water consumption while being more hygienic. Development of biotechnology enables maximizing the recycle of grey water by using micro-organisms. Recycled grey water can be reused for toilet flushing and irrigation of plants. Solid waste management- During the design stage, space should be allocated for the disposal of domestic waste from building occupants and allowed for sorting and storage. The use of prefabricated building construction system and the adoption of re-usable metal or fibreglass formwork are good to use.

Operation and maintenance- As the design and construction stages of a building is shorter than operation and maintenance stage, sustainable design can save a lot of wasteful alterations and excessive consumption of energy during the life p of a building. A good example can be adequate metering for measurements and performance monitoring of the building. Head of CSE As the Head of Department of Civil Services Engineering, they need to prepare a proposal to employ some best academic professions and other supporting staffs, budget, and others auxiliary facilities to our senior management for approval.

And the important role is to implement PolyU Strategic Plan to proceed. * Head of Student Union The Students' Union organizes a wide range of activities every year for its members. These include sports, recreational, academic and cultural functions, ranging from aquatic and athletic meets, students' festivals, orientations to Open Days for the public. Union representatives serve as members on a number of University committees, thus maintaining an effective link between the University Management and the student body. Consultant Landscape Architect / Project Manager

Consultant Landscape Architect clarified the procedure about the preparing of master landscape plan compliance with statutory requirements. Typical landscape design considerations were also review by him and he also further adopts various forms of landscape design concept for D&B contractor to follow:- 1. Communal sky garden; 2. Communal podium garden; 3. Green Planting at all floor balconies 4. Water feature fountain at the main entrance 5. Trees planting along the Boundary/Fence wall 6. Lawn at non-accessible public area

Building Service Consultant BSE Asia is in a position to offer the benefits of a strong local base with a staff compliment of around 390 within the region together with the ability to support any major development in Asia with both specialist engineering expertise and technology from an international forum through our group companies. Currently BSE Asia is actively involved in various large scale projects located in Hong Kong, Mainland China, Philippines, Vietnam and the Middle East. We have extensive experience in most Asian countries.

Our experts and engineers have been responsible for large number of landmark infrastructure and building projects throughout Asia. Our clients have been able to take full advantage of our comprehensive regional presence in the knowledge that this can be further supplemented by world class resources from our other world-wide offices. Our range of work sectors covers the whole field of the building environment for the design of large retail scheme, office building, private housing, factories and leisure facilities to the civil engineering of roads, railways, bridges, ports or communication systems.

Our range of skills covers the whole industry of building and construction from structural and building services design to the civil engineering and the design of environmental management programme ranging from contaminated sites to noise and vibration control. * BSE Asia is confident to successfully deliver engineering design and implementation of the project due to our extensive experience and knowledge and deep understanding of the local culture in Asia. * Fire Safety Engineer The reliable fire protection system is very important to safety of the properties and the occupants in a building.

The fire services installations, including the fire detection; fire alarm and fire-fighting systems shall be designed to comply with the regulations of the Fire Services Department as a minimum. A sensitive but reliable early fire warning system and effective fire suppression system is very important to make sure that the fire is detected when it is still in its smoldering stage, to put out or retard the development and spread of the fire and smoke when the fire is still its early stage.

On the other hand, the fire detection and alarm system shall be accurate as not to result in high volume of false alarms thus causing undue panic and serious disturbance to the tenants. The fire alarm system shall be fully interfaced with other building services installations, including electrical, mechanical ventilation and smoke control, emergency announcement, and lift installations, etc. such that the entire services installations will operate as an integrated system in response to the emergency situation.

The fire services installation equipment including fire detection, fire alarm and fire fighting system shall be designed to comply with the regulations according to Fire Services Department requirement. Quantity Surveyor Quantity Surveyor introduced their roles in the project and the important of cost planning for project development. Lands Department Lands Department (LD) presented the administrative procedures and relevant regulations on land use. LD reminds the VM workshop members that the requirements of planning application under Section 16 of the Town Planning Ordinance.

LD expressed that she would give corresponding feedback from their enquiry about the issue of land use. They would carry out detail assessment on review, consideration and approval for lease modification. If necessary, LD will incorporate other departments such as Buildings Department and Architectural Services Department for solving relevant technical issues Environmental Protection Department Environmental Protection Department (EPD) presented their role on preparing plans, programmes and legislation for environmental protection and overseeing the conduct of studies, investigation and surveys.

They liaison with other government departments, educational and professional institutes, public organizations (such as District Councils) and other private sectors on environmental protection task. EPD concerns the construction site environmental and sustainability issue of the Project. Their concern as stated follows: 1. Noise Impact & management 2. Air quality impact 3. Waste management 4. Green and Sustainable Buildings 5. Green Procurement and Supply Chain Environmental Management 6. Avoid & Reduce Waste in construction site Electrical and Mechanical Services Department

Regarding to the PolyU Phase 8 Development, Electrical and Mechanical Services Department (EMSD) would monitor the quality and workmanship of the lifts and escalators to be installed in the project, by certification system of Lift and Escalator Engineers and worker, providing advisor services of life safety and approving the use of lifts and escalators. EMSD administrate registers of registered electrical workers (REW) and contractors (REC) and monitor their performance. They remind the Contractor shall employ REW and REC to carry out any electrical works in the Project.

EMSD reminds all VM workshop members that all the fixed electrical installation shall be in accordance with the Code of Practice for the Electricity (Wiring) Regulation, published by our department. The electrical system shall be registered in the department by form WR1 signed by REW. They would also carry out spot check to these registered electrical systems. During the operation stage, EMSD would perform checking and endorsement of Periodic Test Certificate and inspecting fixed electrical installations in the building.

Buildings Department Buildings Department (BD) presented their responsibilities in the workshop is to provide expertise to ensure all proposals for the expansion of Phase 8 Development will meet with all statutory standards, safety and other requirements. In case of any breach of statutory provisions and missing of relevant documents are identified, suggestions will be provided for the project team and other stakeholders allowing revision of design in the initial stage.

On the other side, BD expressed the progress of the project. The original layout and design of Phase 8 development is upon completion, all plans are ready to submit for approval by Buildings Department. They are then to advise the project team any foreseeable objections will be raised by other Government Departments regarding the original design and suggest how to re-layout or revise the design not to breach any statutory requirements and in full compliance of Building Ordinance for the expansion development proposal.

BD expects that their advice can probably help the project team to minimize the time spending on checking with the compliance of Building Regulations so as to speed up the whole project not only in initial stage but also the construction stage as well as the whole process. Contractor One of the potential contractors, Hong Kong First Class Contractor Limited (HKFC), presented their staff arrangement, time, cost, quality, safety and environment management and site layout planning in this phase.

HKFC will allocate sufficient competent personnel at head office and site for maintaining the standard of works on site and co-ordination with project stakeholders including clients, consultants and sub-contractors. HKFC provided a proposed master schedule of the project. They shall begin the project commencing from the date for procession in April 2009 and complete the project by March 2012. Based on the tender documents provided by the consultant quantity surveyor, HKFC estimated the tender price is HKD 1,128 million for this project

HKFC expressed that they would adopt ISO 9001 and ISO 14000 international management systems for this project to achieve client requirements and statutory standards. HKFC presented their safety plan for this project specifying that two potential safety risks are identified – deep excavation and finishing works at external walls. They have taken positive actions to reduce the impacts of those risks including provision of temporary scaffolding and monitoring system. For site layout planning, HKFC pointed out that the site area is sufficient large to locate all facilities.

Building Sub-contractor The building sub-contractor, A & G Building Construction Ltd. (A&G), attended this VM workshop and expressed views on this project in respect of waste reduction, buildability enhancement, project procurement system improvement and construction innovation. A&G recommends several solutions on above issues. For waste reduction, they suggested to solve the problems in three aspects: design, site management and procurement method. For buildability enhancement, they recommended to improve the design and site operations.

Questions Raised as a Consequence of the information Phase Following the presentation, the VM workshop participants, had the opportunity to ask the relevant questions through a structured process. As the presentations of all participants were able to express the concern and important issues of the project, there were no questions raised on the presentations. There was only one debate when end users group presented their ideas on drainage system, the secretary of the workshop had posed a query on the feasible of such idea.

The question was satisfactorily solved through the facilitator stimulation and discussion between parties. Function Analysis Phase During the workshop, we learned the concept of function analysis and its use at the strategic briefing stage of a project to derive the project’s mission through function diagramming. One of the objectives of the use of function analysis at the strategic briefing stage is to lay the foundation for the “best value for money” solutions to the project problems.

The function analysis technique relies upon the discovery of all relevant information through the issue analysis and the structuring of that information in a way that leads to the recognition of the primary objective of the project. There are three steps to the construction of a function diagram: 1) GENERATION OF FUNCTIONS A function is the specific purpose or intended use for a product, it is the characteristic that makes it work, sell, generate revenue, or meet requirements (Dell’Isola,1982).

The generation of functions starts with the facilitator leading the teams to creatively explore the functions required by the project. These functions may be high order executive functions or relatively low order ‘wants’. All functions are explored as an active verb plus a descriptive noun, and are recorded on sticky notes and scattered randomly across the wall mounted white board.. The facilitator was continually prompt the teams to generate functions by referring back to the information from the issue analysis, timeline and REDReSS. A typical list of creatively explored functions is shown in Table A ) SORTING OF FUNCTIONS / CONSTRUCTING PROJECT FUNCTION ----PRIORITY MATRIX After the completion of the brainstorming session, the teams are invited to sort the notes into the more organized form by putting the highest order ’needs’ into the top right - hand corner of the white board and the lower order ‘’wants’ into the bottom left - hand corner. ‘Needs’ are the fundamental requirements that the project must possess to serve the client’s basic intentions and ‘wants’ are the embellishments which it would be nice to have but are not necessarily needed.

The project function priority matrix is constructed from responses gleaned from each “sticky notes” function as to whether that function is technical or strategic and whether it constitutes a need or a want. The note is transferred to the appropriate box in the matrix where its position is ordered relative to the other function in the box (Table B). The higher priorities are listed at the top of the respective boxes. It should be emphasised to the team that this procedure is an iterative process and one of our team member was entitled to move a previously ordered sticky note.

Although this activity sounds confrontational but there was disagreement to occur and the correct ordering of all the functions were achieved. TABLE A: TYPICAL LIST OF CREATIVELY EXPLORED FUNCTIONS FOR THE PHASE 8 DEVELOPMENT 3) CONSTRUCTION OF FUNCTION DIAGRAM A strategic or customer oriented FAST diagram is constructed by focusing on the strategic needs and wants The highest order needs tend to form the mission of the project with supporting functions being positioned to the right. The strategic wants tend to be positioned below the centerline of the mission statement.

The mission statement will require to be word crafted to make it read as a flowing statement. It is important to have unanimous team agreement that the statement truly reflects the mission of the project, the mission at this stage does not necessarily imply a building. TABLE B: A PROJECT FUNCTION PRIORITY MATRIX Describe the Function Analysis and how to use this technique? Function analysis as used here is the process of analyzing the functional, rather than the physical, characteristics of a system. A function may be stated in the form {verb,noun}.

It is an action upon something. Eat food, go to work, and cash paycheck are very important functions in the life of most of us. Akiyama (1991) notes that …….. The aim of function analysis is to reveal each of these actions and thus identify the nature of the products and services to which they belong. All products and services are endowed by their creators with certain purposes. Function analysis reveals the intentions or purposes behind the creation of a product or service and thereby identifies the nature of that product or service.

Although products and services exist as physical objects or systems, they are not created out of nothing. They are preceded by an idea - a concept - which is the basis of their creation. Function analysis identifies the nature of products and services by revealing these concepts. Having determined the nature of an object, one can then conceptualize many physical realizations which serve the purpose and choose the realization with the best value. In this manner breakthroughs are designed.

Functional decomposition is the process of asking "how" for each higher level function to derive lower level functions. Functional composition is the process of asking "why" for each lower level function to derive higher level functions. The result is a tree or systematic diagram of functions which fall under some ultimate top level function. Function analysis is also a primary tool for quality function deployment, requirements engineering, and value engineering. Function Analysis System Technique Function Analysis System Technique is an evolution of the value analysis process.

FAST permits people with different technical backgrounds to effectively communicate and resolve issues that require multi-disciplined considerations. FAST builds upon Value Analysis by linking the simply expressed, verb-noun functions to describe complex systems. FAST is not an end product or result, but rather a beginning. It describes the item or system under study and causes the team to think through the functions that the item or system performs, forming the basis for a wide variety of subsequent approaches and analysis techniques.

FAST contributes significantly to perhaps the most important phase of value engineering: function analysis. FAST is a creative stimulus to explore innovative avenues for performing functions. The FAST diagram is an excellent communications vehicle. Using the verb-noun rules in function analysis creates a common language, crossing all disciplines and technologies. It allows multidiscipline team members to contribute equally and communicate with one another while addressing the problem objectively without bias or preconceived conclusions.

With FAST, there are no right or wrong diagrams or result. The problem should be structured until the product development team members are satisfied that the real problem is identified. After agreeing on the problem statement, the single most important output of the multi-disciplined team engaged in developing a FAST diagram is consensus. Since the team has been charged with the responsibility of resolving the assigned problem, it is their interpretation of the FAST diagram that reflects the problem statement that's important.

The team members must discuss and reconfigure the FAST diagram until consensus is reached and all participating team members are satisfied that their concerns are expressed in the diagram. Once consensus has been achieved, the FAST diagram is complete and the team can move on to the next creative phase. The importance of the FAST approach is that it graphically displays function dependencies and creates a process to study function links while exploring options to develop improved systems. Value analysis and its more robust cousin, Function Analysis System Technique, are important analysis tools.

These methodologies lead to improved product designs and lower costs by: • Providing a method of communication within a product development team and achieving team consensus • Facilitating flexibility in thinking and exploring multiple concepts • Focusing on essential functions to fulfill product requirements • Identifying high cost functions to explore improvements The strategic fast diagram for development of POLYU phase 8 development Creativity Phase The purpose of the Creative Phase is to develop a large number of ideas for alternative ways to perform each function selected for further study.

The two approaches to solving a problem are analytical and creative. In the analytical approach, the problem is stated exactly and a direct, step-by-step approach to the solution is taken. An analytical problem is one that frequently has only one solution that will work. The creative approach is an idea-producing process specifically intended to generate a number of solutions, each of which solves the problem at hand. All solutions could work, but one is better than the others; it is the optimum solution among those available.

Once a list of potential solutions is generated, determining the best value solution is an analytical process. Creative problem-solving techniques are an indispensable ingredient of effective VE. By using the expertise and experience of the study team members, some new ideas will be developed. The synergistic effect of combining the expertise and experience of all team members will lead to a far greater number of possibilities. The subsections that follow describe the activities in the Creative Phase. Once the value study determines the frame, creativity process begins.

When a team is present, high-performing team processes are in full affect by now. We usually use at least four creativity techniques. Two brief ones actually occur during the information phase. Two very extensive ones occur during this phase. In the creative phase the value management team put forward suggestions to answer the functions which have been selected for study. There are a number of creative techniques, for example: brainstorming, the Gordon technique, the synaptic technique and many more. The main features as below: * ? Purpose and need * ? Managing divergent thinking * ?

Brainstorming techniques * ? Unrestricted idea generation * ? Large quantity of ideas is the goal * ? Suspending judgment until the The team develops a broad array of ideas that provide a wide variety of possible alternative ways to perform the function(s) to improve the value of the project. After the FAST diagram and/or cost models have been completed, the VE Team should begin to generate ideas for each of the poor value basic functions. The objective of brainstorming is to generate as many ideas as possible that could conceivably be developed into alternatives to the original concept.

The typical brainstorming session consists of the VE Team spontaneously producing ideas related to the performance of the required function. The Facilitator’s role during brainstorming is to encourage creative, divergent thinking by the team members. This may be especially critical when the team members, who have been selected for specialized technical expertise, have difficulty considering innovative or unique technical applications. The team leader must enforce the need to defer judgment on ideas until as many as possible are generated. Every idea must be recorded for future evaluation, even those which initially seem absurd.

Generate Alternative Ideas In this phase of the study, it is important to generate a free flow of thoughts and ideas for alternative ways to perform the functions selected for study, not how to design a product or service. While creativity tools are available for problem-solving situations, no specific combination of techniques is prescribed for all VE efforts, nor is the degree to which they should be used predetermined. The selection of specific techniques and the depth to which they are used is primarily a matter of judgment and varies according to the complexity of the subject under study.

The following describes some idea-generation techniques commonly used in the VE context: a) Brainstorming. Brainstorming is a free-association technique groups use to solve specific problems by recording ideas individuals in the group spontaneously contribute. Brainstorming is primarily based on the premise that one idea suggests others, and these suggest others, and so on. Brainstorming could be done by an individual, but experience has shown that a group can generate more ideas collectively than the same number of persons thinking individually.

Spelling has suggested combining group and individual brainstorming. He found that after the group brainstorming process was complete, individual brainstorming can generate additional ideas of comparable quality. There are various rules which apply to the management of a brainstorming session of which the two most important are: firstly, no criticism of any suggestion by word, tone of voice, shrug of shoulders or any other method of indicating rejection is allowed. Secondly, the exercise is one of generating as many suggestions as possible. The good suggestions will be randomly scattered amongst all suggestions. In workshop has indicated that in any sample, the number of good suggestions remains fairly constant as proportion of wild suggestions, so the more suggestions that there are, the more good suggestions will be obtained. ) All suggestions are recorded and none are rejected on the grounds of apparent irrelevance. b) Gordon Technique. The Gordon technique is closely related to brainstorming. The principal difference is that no one except the group leader knows the exact nature of the problem under consideration. This difference helps avoid premature ending of the session or egocentric involvement.

A participant may cease to produce additional ideas or devote energy only to defending an idea if convinced that one of the already proposed ideas is the best solution to the problem. It is more difficult to select a topic for such a session than for a brainstorming session. The subject must be closely related to the problem at hand, but its exact nature must not be revealed until the discussion is concluded. c) Checklist. This technique generates ideas by comparing a logical list of categories with the problem or subject under consideration. Checklists range in type from the specialized to the extremely generalized. ) Morphological Analysis. Morphological analysis is a structured, comprehensive system for methodically relating problem elements to develop new solutions. In this approach, the problem is defined in terms of its dimensions or parameters, and a model is developed to visualize every possible solution. Problems with too many parameters rapidly become intractable. e) Attribute Listing. This approach lists all the various characteristics of a subject first and then measures the impact of changes. By so doing, new combinations of characteristics (attributes) that will better fulfill some existing need may be determined. ) Input-Output Technique. The input-output technique (1) establishes output, (2) establishes input as the starting point, and (3) varies combinations of input/output until an optimum mix is achieved. In the creative thinking stage, the workshop participants are divided into groups, each of which is asked to resolve issues identified in the information stage. The spokespersons of each group are then asked to present the findings from their group to all study participants so that further ideas can be created from the other participants.

All ideas are welcome, as even those which are seemingly unsuitable, may spark the creative thinking process. Using focused creative lateral thinking process, list, for the select functions, the numerous alternative ideas or options for performing existing or proposed functions. A large quantity of ideas should be generated and recorded at this stage, without ant stoppages for judgment or criticism. Brainstorming is a creativity technique extensively used in value management and much can be found written about it in value management literature.

Essentially a brainstorming session is a short-term intensive group exercise, where a team of individuals will generate as many ideas as possible for risk events that may adversely affect the project. In a sense, this may be termed “negative brainstorming” as the team of individuals is trying to determine all the things that may go wrong with the project i. e. the downside risks, as compared with more conventional value management brainstorming where the team is trying to generate ideas for fulfilling functions.

Evalution phase The main tasks in this phase inculdie setting up criteria, evaluating and selecting alternatives generated during the creativity phase. Various models and techniquees, such as, cost models, energy models, LCC models and weighted evaluation technique may used during this phase. n this phase, the question “what does each alternative cost and how does it perform? Will be answered. Evalution of Ideas Generated Screening Ideas into Categories: -Realistically possble (P1) -Remolely possible (P2) -Fantasy (P3)

Weighted Evaluation Technique is relevant in Value Mznagement, and particularly value management exercises in situations where a decision needs to be made in selecting an option from a number of competing options where the best option is not immediately identifiable. The first stage in the weighting and scoring methodology is to determine the criteria by which the options are to be judged. In selecting criteria it is important not to select criteria which are highly correlated, for example, when judging between floor finishes , we should not includ criteria such as ease of cleaning with cost of cleaning since the two are highly correlated.

For example, when considering internal partitions setiing upbetween the different spaces, a number of options are suggested. In determining the criteria for judging the optons the following are agreed. * The ability of demountable. * Good noise attenuation. * Attractive finish. * Ability to conceal services. * Ability to support fittings and fixturees. * Cost. * Reliability of supply over a period of years. A paiired comparison exercise is then held to determine the weighting to be given to each attribute as shown in the Figure A. The weights are carried forward to the scoring matrix and entered under their respective attributes Figure B.

The scoring exercise then determines how well option meets the attributes based on a scale of 1 to 5. These score are entered in the top left triangle in each cell of the matrix. The score is multiplied by the weight in each cell and the amount entered in the bottom right triangle. all amouts are summed for each option and the total entered. Based upon the decisions taken by the team a traditional stud and plastered blockwork a close scond. the proprietary partitins did not score well in the exercise and this may require a second look.

Indeed a sensitivity analysis should take place by changeing some of weights and some of scores to see the impact. In the exercise below the team gave a high weight to sound attenuation against which some of the proprietary partitions scored poorly. In the evaluation process,the weighted evaluation technique is used to more formally organize the process. Weighted evaluation ensures optimm decisions. good decisions are made by placing the proper emphasis on all criteria. During evaluation, it is impotant to discuss and weigh the following areas: * Needs Vs desires Important Vs Unimportant * Design tradeoffs Vs requireed function. On the other hand, the Value of the weighted evaluation technique are: * Information / Knowledge sharing * Consensus building * Number of criteria and options Limitatons of the weighted evaluation technique are: * May be very time - consuming * Consistency in the process * Use of other methods such as Analytical Herarchy Process (AHP) may be the possible ways of mitigating the limitations. Since the optimum time to conduct a value review is after the preliminary submittal stage and before working drawng are started.

The principal reasons for reistance to changes recommended by VM studies are lack of understanding of VM. On the contrary, VM is designed to be an additional technique for economy and for promoting greater cost effectiveness, but there always generally lack of knowledge of the priniciples and application of VM in the construction area. To overcome the limitations, initially, it was recognized that the preferred place to do VM was during the design phase. Next, all the available information, including cost data, was gathered. Finally, a VM study team wass assembled.

The team checked the cost estimate, and then conducted the information and speculative phases of the job plan. The obective was to verify cost and to develop a list of ideas of probable savings without expending too much time and money. Development Phase When completed the above four stages (Information, Financial analysis, Creativity and Evaluation phases ) then we will reach a critical phase is Development phase. Because the main task of this phase is included investigate selected alternatives in depth, developing them into written recommendation for mplementation and establishing an action plan with action to be taken and present responsible. This stage is not only to let our client to know all technical and economical evaluation. We should also consideration of the probability and operability of successful implementation, such as availability of labour and materials, capability of building contractor and his sub-contractors. During this stage, we should only tight monitoring the job progress and also periodically review the progress to make the project can reach the optimal result and include client’s requirement and expectation.

Action Plan Upon completion of VM shop, ideas and suggestions have been sought from the VM team members regarding to the development of this Phase 8 - Land No. 15 Wylie Path Project. To facilitate the fore coming preliminary design of the projects, an action plan has worked out. We believe this action plan can be utilized as a guideline for the members to carry out follow-up action and also presented as a clear list for subsequent counter-parts to undertake the detail design and even giving indications and advices for future construction works. Item| Action Description| | Environment Issue| | Liaise with BEAM and seek their advice for the building design| 2| Investigate the feasibility of planting more trees around the development| 3| Consult from the designer about the natural night design| 4| Investigate the feasibility of using recycle construction materials| 5| Encourage the use of modular building designs and precasting of building components| 6| Encourage the use of lean construction – the use of lean construction design such as using thinner walls| 7| Prompt good handling of raw materials during construction| 8| Advise the designer to use of automatic-switching system for air-conditioning and lighting devices. 9| Consult from environmental specialist to minimize the noise during construction| 10| Undertake tree survey to preserve the existing trees as many as possible. Avoid tree felling. | | General Recommendation| 11| Assess Traffic impact to the public during construction| 12| Encourage better cater service to the new development| 13| Incorporate more amenities area to the campus | 14| Improve the accessibility of the location. Liaise with relevant public transport company. 15| Investigate whether hair cutting service to be established inside campus| 16| Equip with better wi-fi service| 17| Investigate the feasibility of school bus service| 18| Incorporate with wide diversify cater service| 19| Plan for more hall bed | 20| Encourage with more activities rooms| 21| Consider planning for better IT equipment in the campus| 22| Investigate the possibility of introducing beauty workshop for the girl student| 23| Consider planning for an equipped fitness centre| 24| Encourage students to participant more extracurricular activities in this campus|

Presentation Phase During our presentation phase on 10 April 2010, Dr. Fan – Technical Director of the Hong Kong Institute of Value Management had been invited as our group facilitator and he had also given some critical idea. During the presentation phase, we have divided into four small groups and each person should also show their name and party involved, such as Client’s representative, construction team members, professional consultant, user’s departments and relevant government departments etc.

During the presentation phase, each parties had been introduce their contribution on the VM workshop and some members also raise-up some questions when they have queries, and the concerned members will explain his/her opinion and we want to solve all queries on the workshop or change proposal usually include a statement of the follow-up procedure which are necessary to ensure the implementation We found that be a competent value management specialist is not easy but it is valuable to find a VM specialist to hold a meeting, especially in some large construction project.

During the presentation phase, we had learnt that the subject aims to all student that he/she should be able to use some value management methods more efficiently to hold the meeting, such as: 1. To understand the value management methodology; 2. To use value management tools/techniques such as functional analysis in workshop; 3. To organize and manage value management workshop in different phase of a project life cycle; 4. To exercise practical creativity skills and work with a team of stakeholder to arrive at innovative solution; 5.

To ensure value for money for project by applying value management in business and/or technical situations; 6. To implement the value management methodology and technique in real-life projects. If we can follow all steps and apply suitable technique and lead the value management workshop then I believe that we can reach client requirements. Besides, Hong Kong government also support value management methodology apply in some large public project and this instruction also written on the technical circular 16/98 by Works Bureau in 1988 and technical circular 35/2002 by environment transportation and works bureau in 2002.

Finally, if we want the value management workshop more effectively that a value management specialist must be a smart, full of tactic and fully understand the whole construction procedure then he/she can ensure to achieve value for money methodology and also fulfilled client’s requirement. Summary and Conclusion With the help of Mr. Shen in the morning and Jacky in the afternoon, acting as the facilitator, the VM workshop was completed successfully in early of April.

With a brief introduction, we had a clear idea of objectives for the project as well as the VM workshop. Different phases such as information phase and function analysis phase were carried out during the workshop, some key features were learned from each phase. In the Information phase, a short brief was carried out by core team members (i. e. chairman, contractors, consultant, government bodies, etc. ). As such, team members could know more about the projects as well as different roles acted by team members.

The main tasks in this phase including collection of historical cost data; identifying client’s needs, wants and requirements; clarifying project givens and assumptions; obtaining design standards as well as specifications; having a thorough understanding of the project. In the functional analysis phase, the main tasks in this phase are to identify and classify functions and select elements for detailed studies. Techniques such as Function Analysis, FAST Diagram, Function Hierarchy, Priority Matrix may be used during this phase. In our workshop, FAST Diagram and functional matrix were used to determine the function of the Phase 8 Development.

Team members understood the use of FAST Diagram and selected suitable functions for further analysis. In the creativity phase, the main task in this phase is to generate a large number of alternative solutions for accomplishing basic functions required by the clients. This task is normally supported by creativity stimulating techniques, such as Brainstorming, Golden Technique, Synectics, Lateral Thinking. Alternative solutions to the selected functions were proposed in our workshop. Selections of score from 1 to 5 were elected through team members’ choices.

In the evaluation phase, the main tasks in this phase include setting up criteria and evaluating and selecting alternatives generated during the creativity phase. Various models and techniques, such as, cost models, energy models, LCC models, and weighted evaluation technique may be used during this phase. In our workshop, WET is used for evaluation and 3 functions were chosen In the development phase, the main tasks include investigating selected alternatives in depth, developing them into written recommendations for implementation, and establishing an action plan with actions to be taken and persons responsible.

This involves not only detailed technical and economic evaluation but also consideration of the probability and operability of successful implementation. Through the VM workshop, we can understand and be able to select appropriate projects for VM studies. Besides, we learn to manage critical success factors to ensure successful execution of VM studies. Furthermore, we can understand project under-performance and how VM can address this issue. The last but not the lease, we can know the benefits of VM applications in property and construction.

The following are some benefits and advantages that could accrue to a development if VM is utilized: - It provides a forum for stakeholders - Generally the team spirit is enhanced - It provides an overall review of the project which many stakeholders previously may not have had access to - It identifies constraints, issues and problems which might not otherwise be obvious or have been considered - It provides an optimum value for money project with improved functionality - It identifies any deficiencies, omissions or superfluous items and any unnecessary costs - Assists in crystallizing a client’s brief Creates a large return for a minimal investment in the VM study. VM generally pays for itself Apart from the academic view points, many team members express their opinions during the last session in which a numbers of good ideas are inspired. Most of the team members agreed that many techniques for VM have been learnt in the VM workshop, and such outcomes are useful in the construction industries and also daily life. Some special opinions are also raised in this session such as ‘keeping silence is equal to agree, voice out is more proactive in selecting score for functions’.

Besides, some members pointed out that in selecting the functions, there is no specific guideline or judgment in evaluating the score, making the score is not subjective. Reflective journals Fong, P. S. W. and Shen, Q. (2000), “Is the Hong Kong construction industry ready for value management? ” International Journal of Project Management, 18, pp. 317-326. Grosvenor, R. (1997), “Introduction to Value Management. ” Value Manager, 3(4), pp. 4-6. Hill and Bowen (1997), “Sustainable construction: principle and a framework for attainment. ” Construction Management and Economics, 15(3), pp. 223-239.

SAVE International, Value Methodology Standard, “The Value Society”, 1998. http://www. value-eng. org/pdf_focs/monographs/vmstd. pdf Shen, Q. P. and Liu, G. W. (2004), “Applications of value management in the construction industry in China. ” Engineering, Construction and Architectural Management, 11(1), pp. 9-19. The website of The Hong Kong Institute of Value Management http://www. hkivm. com. hk/ Ann T. W. Yu, Geoffrey Q. P. Shen, John Kelly and Kirsty Hunter. A How-To-Guide to Value Briefing. The Hong Kong Polytechnis University and Glasgow Caledonian University 2006 VM in Hong Kong: Research and Development Geoffery QP Shen

Boddy, D. (2002) Managing Projects – Building and Leading the team, Pearson Education, UK. BSI (2000) Value Management, BS EN 12973:2000 Dell’ Isola A. J. (1982) Value Engineering in the Construction industry, 3rd edition, Van Nostrand Reinhold Company, New Work Construction Industry Board (1997) Brief the team, Thomas Telford Publishing , London Gallupe, R. B. and Cooper, W. H. (1993) Brainstorming Electronically, Sloan Management Review, Fall pp. 27-36 General Condition of Contract for Building Work 2005 http://www. hkbeam. org. hk/fileLibrary/_BEAM%20Plus%20NB. pdf SAVE International (1998) Function: Definition and Analysis

Shen, Q. O. (1993) A knowledge-based structure for Implementing Value Management in the Design of office Building Thiry, M. (1997) Value Management Practice, PMI Publications, Philadelphia Appendix A - List of roles of participants NO. | Student Name| Student No. | Party| 1| CHAN Chun Ming| 08585004g| EMSD| 2| CHAN Ho Man| 08534329g| SU| 3| CHAN Wai Hung| 08569551g| Bldg sub-contractor| 4| CHAN Wa

Value Management in Construction and Property essay

This essay was written by a fellow student. You can use it as an example when writing your own essay or use it as a source, but you need cite it.

Get professional help and free up your time for more important courses

Starting from 3 hours delivery 450+ experts on 30 subjects
get essay help 124  experts online

Did you know that we have over 70,000 essays on 3,000 topics in our database?

Cite this page

Explore how the human body functions as one unit in harmony in order to life

Value Management in Construction and Property. (2017, Mar 01). Retrieved from

Don't let plagiarism ruin your grade

Run a free check or have your essay done for you

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Save time and let our verified experts help you.

Hire writer