Value Engineering (VE) Studies are an important tool in the delivery of public works projects, but so often the concept of value engineering is misunderstood as simply being a process for reducing costs. In this session, participants will gain a better understanding of the true purpose of conducting VE studies for public works projects, they will be provided an overview of the VE Study process, and they will have the opportunity to see real world examples of projects that have benefited from the work of a VE Study Team. Additionally, with the global pandemic of 2020, VE Studies have also had to be modified in their format. While in-person study sessions have been the traditional approach and continue to be the preferred method, virtual VE studies have been accomplished through the use of numerous online applications to achieve the same end result. Value Engineering is also a niche service that very few professionals are certified to facilitate, and could be a opportunity for growing one’s professional career.

Contributor/Source

Ryan Thomas, PE, VMA, CSPF

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