Semester 6 - Cost Value Engineering

Lecturer: Mr. Lee Wing Tey


In this module, Mr Lee teaches us the history, background, theories, concepts and principles of value engineering / value management in decision making process. All these have made us  able to identify the appropriate time to carry out Value Engineering throughout different construction phases, recognize and recall the contribution of the value engineering /value management in the development process, apply the value management to a value outcome in the decision making process and a nalyse the cost and value implications of project scope .and generate a Job-Plan for the implementation of Value Management workshop.

Mr Lee is a responsible lecturer, he always well prepared for what he is teaching and willing to accomodate students' request. I especially like the way he prepare for the tutorials, it make student more easy to understand.

Besides that, we were given an assignment to conduct a case study on implementing Value Management on the project, through this assignment, we learned to identify the unnecessary function and eliminates them which will reduce the cost of the project yet without sacrificing any necessary function.


 

 

Furthermore, we gain knowledge on preparing functional analysis, cost analysis and action plan through this assignment.  I  believe that Value Management will become a trend to practice in projects throughout Malaysia in future as it is beneficial to the project owners or known as stakeholders

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