Seminar 9: Innovative Application of the VM for Large, Complex Projects

Large projects often apply Value Management (VM) techniques. However, those techniques suitable for large and complex projects might not be adoptable to those small projects. During the seminar, a number of international projects were illustrated on how various innovative value management techniques, such as such as function cost model, operational cost model, quality model, risk model, space model, and time model, etc, were used to optimize value. In addition, issues including security, maintainability, sustainability and constructability of various project case studies were being analyzed in this seminar.

Co-facilitators
Dr. Stephen J. KIRK
(FAIA, FSAVE, CVS-Life, LEED, President, Kirk Associates, LLC)

Stephen J Kirk is a president of Kirk Associates specializing 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 a lecturer 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 institution in USA.

Dr. Mei-yung LEUNG
((BSc(Hons), BRS, PhD, MRICS, MHKIS, MCIOB, MHKICM, MAIB, CVS, MHKIVM))

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. Currently, she is a vice president of the HKIVM, a Qualified Facilitator for facilitating governmental ‘VM workshop' in HK and a Certified Value Specialist for VM workshops recognized by the SAVE in USA.

 Summary of Content

• Introduction
• Large, complex projects (examples)
• Medical center
• Airport
• Residential tower and townhouses
• K-12 school for Cherokee
• City planning
  
• Value based design decision–making techniques
• VM techniques application in the design process
• FAST diagram
• Function pareto cost model
• Life cycle cost model
• Risk model
• Quality model
• LEED sustainability checklist model
• Force field analysis
  
• VM principles in large, complex projects
• Conclusions
  

Useful linkage:
HK Gover’t: http://www.cedb.gov.hk/citb/ehtml/home.html
HKIVM: http://www.hkivm.com.hk
BCM: http://bcm.cityu.edu.hk
SAVE: http://www.value-eng.org/
HKIS: http://www.hkis.org.hk/hkis/html/professional_cpd.jsp

  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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