General
-
Leader vs. Facilitator in Value Engineering
Value studies requires different ways of communications. So, the person who is responsible on executing such crucial role has a great importance in SAVE International® certification. Obviously, in thinking about the communication styles of a value specialist, it is useful to divide it into two distinct roles: leader and facilitator. SAVE International® defined Value Methodology…
-
International Virtual Team
Virtual teams have become essential units in successful organizations. Where they do not exist, opportunity is lost. Where they are not functioning effectively, opportunity is lost. International virtual teams are the key to some of the biggest successes and failures in the global workplace while organizations learn to operate as complex webs of people. Organizations…
-
Why Should Organizations Care About Life Cycle Cost?
Many organizations only consider the initial purchase and installation cost of a system. It is in the fundamental interest of the plant designer or manager to evaluate the LCC of different solutions. This is before installing major new equipment or carrying out a major overhaul. Evaluation will identify the most financially attractive alternative. As…
-
Value Engineering Integration with Risk Response Planning
The discipline of risk management has traditionally focused on the identification and quantification of risk. This focus on problems, while it has indeed proven to be effective in improving decisions that involve uncertainty, often misses the mark with respect to identifying appropriate responses in an innovative way that maximizes project value. Value improvement relative…
-
THE INVENTOR OF FUNCTIONS
Lawrence D. Miles The initial concept of functions as defined herein was invented by Lawrence D. Miles as World War II conflict was coming to an end, while he was working as a purchasing agent for the General Electric Company. Since materials required for the war effort were in short supply for companies that were…
-
Why Use Function Analysis?
When we go to the store, do we buy things or do we buy what those things will do for us. Of course, we buy what something does for us and how well it does what we want it to do. That includes performance, quality, and selling features like attractiveness, taste, feel, or smell. Finally,…
