Seminar 6: Enhancing Value in Facilities by VM - Attracting Investment in China (in Xian)

Value Management (VM) is a creative function-oriented organized, team approach , whose objective is to optimize the life cycle cost and/ or performance (quality) of a facility or system. Through applying VM, the customer satisfaction, performance, productivity, quality and time saving of a company can all be enhanced. The effectiveness of VM has been proven over the past 50 years. This seminar was conducted in an interactive approach focusing on enhancing value in facilities by VM.

Guest Speakers

Dr. Stephen J KIRK

Stephen J Kirk is the president of Kirk Associates, which specializes in VE, sustainability, and life cycle costing services. He has over 25 years experience in applying value based design decision making techniques to corporate offices, educational buildings, visitor centers, courthouses, research facilities, and hospitals. He is an instructor at the Harvard Graduate School of Design, professional education program. He served as president of SAVE International in 1998-99 and is also a Fellow of SAVE.

Dr. Mei-yung LEUNG

Dr. Leung has more than fifteen years of practical/ teaching experience in the construction industry/ education and has participated in a number of prestigious construction projects in Hong Kong. Dr. Leung is a Chartered Quantity Surveyor in the RICS in the UK and the HKIS in HK and a Chartered Builder in the CIOB in the UK and AIB in Australia. She received a BSc (Hons) with first class in Quantity Surveying at the University of Wolverhampton in United Kingdom, a Degree in Religions Science at the Pontifical Urban University in Rome, and a PhD degree at the University of Hong Kong .

During the seminar, they introduced the basic information of Value Management.

Summary of Content

• Introduction of Value Management
• Definition of VM
• Value Equation
• Value Methodology
• Why use VM?
• VM application
• Who in the Construction Industry is Responsible for Increasing Project Value?
• Users of VM
• VE Project results
• Decision Maker Impact on costs
• VM Process
• Value Workshop Phases
• VM Leadership for Enhanced Group Effectiveness
• Detention facility Value Benchmarks
• VM Tools
• Pareto's Law
• Space Function Analysis
• Life Cycle Cost Model
• Quality Model
• Risk Analysis
• Time Model
• Function Analysis
• Fast Diagram
• Examples
• Veteran's Hospital
• Site Utilities
• Bridge

Useful Linkage:
HK Government: http://www.cedb.gov.hk/citb/ehtml/home.html
HKIS: http://www.hkis.org.hk/hkis/html/professional_cpd.jsp
HKIVM: http://www.hkivm.com.hk
BCM: http://bcm.cityu.edu.hk
SAVE: http://www.value-eng.org/

  VM Activities

    Project Team

    Events Achieved:

Seminar Workshop Conference Seminar 12   Novel VM Applications in Europe Seminar 11   VM Trends in the United States Seminar 10   Information Analysis for Complex Projects Seminar 9   Innovative Application of the VM for Large, Complex Projects Seminar 8   Innovative VM Techniques in Complex Projects Seminar 7   Successful VM applications in Australia Seminar 6   Enhancing Value in Facilities by VM - Attracting Investment in China (in Xian) Seminar 5   Enhancing Value in Facilities by VM - Attracting Investment in South China (in Beijing) Seminar 4   Extending Your VM Business in China (in Shenzhen) Seminar 3   Sustainability/ LEED & Life Cycle Costing -Their Role in Value-based Design Decision-making (VM) (in HK) Seminar 2   Is Value Engineering successfully internationally? (in HK) Seminar 1   How can the value Management work in the HK construction industry? (in HK) Workshop 8   Formal VM Training Workshops (modeules I and II) for Construction Workshop 7   Key VM phase: Evaluation Analysis Workshop 6   Key VM phase: Creativity Techniques Workshop 5   Key VM phase: Function Analysis Workshop 4   Value Management for Design & Construction methodology & Application Module I - Training workshop (in Beijing) Workshop 3   Value Management for Design & Construction methodology & Application Module I - Training workshop (in HK) Workshop 2   A Key VM Technique: Function Identification (in HK) Workshop 1   VE "CMethodology & Application Module I" CTraining workshop (in HK) International Conference 2   Value Engineering for Construction Projects (VECP05) (in Korea) International Conference 1   Why Re-Invent the Wheel? (in HK)

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