Value Engineering

The Planning Phase is critical to a project’s success. A well thought-out project plan will provide the project team with a clear direction and understanding of their contributions to the success of the project. A detailed project plan is simply a list of the tasks and activities that must be accomplished in order to reach a milestone or produce a deliverable. Where the Project Charter is created at the macro level, the detailed project plans are at the micro level and function as the work plan for each team member.

In the Planning Phase, our dedicated Project Manager works with the project team to create the technical design, task list, resource plan, communications plan, budget, and initial schedule for the project, and establishes the roles and responsibilities of the project team and its stakeholders. Project planning is an iterative process which may occur consistently throughout the project. These plans should be reviewed and revised every month until completion of the project. The frequency for doing iterative planning will also depend on the size, complexity and risk level of the project.

In the design phase, value engineering considers alternative designs to optimize the expected cost/worth ratio while maintaining required performance, quality, reliability, and safety. A value engineering consultant evaluates changes that may increase functional value (including customer satisfaction) while reducing construction, operation, or maintenance costs. The value engineering effort is scaled to the project size, complexity, and status.

Value engineering efforts in the early stages of project design afford greater savings and allow a change of direction, if appropriate, without affecting deadlines. Money saved through these efforts can be reallocated for features that would lend greater life-cycle value to the building.

By weighing the function-to-cost ratio, our team can make suggestions for alternate construction methods, designs, or materials that improve the value of the project.

Value engineering continues during construction phase as proposals to changes that cut costs while maintaining or enhancing design quality, value, functional performance, safety, appearance, or ease of upkeep are encouraged.

That’s why it’s important to partner with TecRadon, a construction firm that’s committed to doing the right thing and being good stewards of your resources. At TecRadon, we’ll be an engaged team member from the second we become involved throughout the entire process. We’ll never stop looking for ways to add value to your project.