Value Engineering

PCONSULT applies Value Engineering as a tool and a process to optimize engineering solutions. Our Value Engineering service is particularly powerful during Concept Selection. Value Engineering is one of the key elements in our Integrated Optimization Framework methodology. During the early phases of projects key issues and difficulties arise around a vast number of conflicting pressures regarding engineering, operations, cost, safety, schedule, reliability, environmental issues, etc. Both the IOF methodology and Value Engineering assist in managing and optimizing a project solution, taking into account these and many other project related elements.

Value Engineering workshops are hosted at an early stage of the project phase with the objective of stimulating creative thinking – the 'blue-sky' approach. Our value engineering workshops address the following issues:

	Functional Design
	Value Creation
	Risk Analysis
	Cost Estimation
	Options Screening

The initial functional design and value engineering workshops make use of a guided process to lead the team through the workshops with the objective of maximizing output.

At EPCONSULT the benefit of value engineering comes from a proven methodology, experienced engineers and the combination of workshops and offline desktop analysis. The flow chart below presents a high-level overview of the activities involved in Value Engineering.

By spending a relatively short amount of time on value engineering, most conceivable concepts will have been considered and there will be an audit trail demonstrating how the preferred solution was derived and why other options were screened out.