2021/22 Taught Postgraduate Module Catalogue
CIVE5964M Value Management
15 creditsClass Size: 120
Module manager: Marcus Gronqvist
Taught: Semester 1 (Sep to Jan) View Timetable
Year running 2021/22
Pre-requisite qualificationsNormally a good honours degree in civil engineering or a cognate discipline.
Module replacesCIVE5954M Value Management
This module is not approved as an Elective
Module summaryThis module introduces candidates to the process of value engineering and value management through its operation at the Scheme/Schematic design stage. Differences between cost cutting, value engineering and value management are highlighted. The concept of the Client's Value System is introduced and approaches to teams and facilitation are explored.
ObjectivesOn completion of this module students should be able to:
- Understand and apply the concepts of value management (VM) and value engineering (VE).
- Understand the use of function analysis both at the strategic and technical level.
- Be aware of the importance of structured problem solving, utilising multi-disciplinary teams, for the maximisation of value on projects.
- Enhance their understanding and skills in project briefing and project strategy.
Skills outcomes General learning outcomes (UK-SPEC):
- The ability to apply new concepts and methods (in the context of value management and value engineering).
Specific learning outcomes (UK-SPEC):
- Knowledge and understanding of methods, tools and techniques as applied in VM and VE; an appreciation of the limits of the various methods, tools and techniques. (Science and Mathematics).
- The ability to apply VM and VE methods to facilitate solving problems to achieve value for money; the ability to synthesise, structure and present information through the appropriate use of VM and VE tools and techniques. (Engineering Analysis).
- Knowledge and understanding of how to structure VM and VE interventions on projects; ability to apply VM and VE tools and techniques to achieve innovative design. (Design).
- Knowledge and understanding of management and business practices through applying VM and VE methods on a case study project; awareness of sustainable development through the application of VM and VE methods on a case study project; awareness and ability to evaluate risk through the application of VM and VE methods on a case study project. (Economic, legal, social, ethical and environmental context).
- Understand how key stakeholders, including project team members, through multi-disciplinary team work interact to deliver value for money projects. (Engineering Practice).
- The ability to problem-solve and communicate through team working; the ability to critically appraise and research through a comprehensive assignment based on improving a VM strategy. (Additional General Skills).
See learning outcomes.
The module introduces candidates to the process of value engineering and value management through its operation at the Scheme/Schematic design stage. Differences between cost cutting, value engineering and value management are highlighted. The concept of the Client's Value System is introduced and approaches to teams and facilitation are explored. These are then illustrated in practice through an introduction of the more advanced techniques of the strategic briefing of projects. A case study is used throughout to explain the process, tools and techniques of value engineering and value management.
Outline of study sessions:
Theory: Introduction, background and definitions, types of VM studies, the job plan, the VM team, element function analysis, evaluation and development techniques. Application in a workshop: Information gathering, information processing and analysis, creativity at elemental level.
Theory: An introduction to teams, team dynamics and facilitation. Strategic VM, including the client's value system, innovation methods. Application in a workshop: The techniques of the client’s value system, strategic function analysis and creativity tools.
Theory: The implications of VM and the client's value system; evaluation, development, presentation and implementation. Application in a workshop: Evaluation, development, action planning, presentation.
Theory: The Value Management/Value Engineering Process - study styles, designing studies and workshops. Application in a workshop: Designing a VM/VE study in practice.
Theory: Team working, review of facilitation styles. Application in a workshop: Team presentations on a proposed VM strategy for the case study project.
Delegates will be expected to take a proactive approach during a number of workshop sessions throughout the 4-day module.
|Delivery type||Number||Length hours||Student hours|
|Class tests, exams and assessment||1||1.50||1.50|
|Private study hours||123.00|
|Total Contact hours||27.00|
|Total hours (100hr per 10 credits)||150.00|
Private study- Conduct a critical appraisal assignment based on the VM strategy presented in class through:
- Case study review and analysis.
- An extensive critical review of VM and VE literature, including relevant standards and guidance documents.
Opportunities for Formative FeedbackStudent progress is monitored during the workshop sessions and through a formative presentation at the end of the module.
Methods of assessment
|Assessment type||Notes||% of formal assessment|
|Total percentage (Assessment Coursework)||100.00|
Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated
Reading listThe reading list is available from the Library website
Last updated: 30/06/2021 16:19:57
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