Value Engineering Theory: Lecture Outline and Reading Supplement

Miles Value Foundation
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This publication is designed to be part of a University level course on Value Engineering Theory. As Such, it is presented in two sections:

Section one of this publication contains an eleven-part reading supplement to Larry Miles’ book, “Techniques of Value Analysis and Engineering”.

Section two contains the reading assignment and content of the eleven basic lectures for the course.

The objectives are to introduce the concept of value engineering and demonstrate its application and techniques. 

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Publisher
Miles Value Foundation
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Pages
188
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ISBN
9780318165547
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Language
English
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Genres
Business & Economics / Decision-Making & Problem Solving
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This content is DRM protected.
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Successful cost management and value engineering in construction is based on accurate and early estimations of cost, and this book is the quickest route to creating a cost plan from scratch. The budgeting system described in this book will help the reader to:

document project scope at a level that provides excellent cost control at design stage

establish the parameters of potential sites before selecting one

determine the amount of financing needed before deciding to bid on a project

make a detailed and robust building project budget

determine the rental rate necessary to see if a building project will be marketable

The technique used is a parametric cost system, not the square foot cost system used by most who quote an up-front building cost. To help calculate the parameter quantities and price them as quantified, this book comes with 5 electronic templates to calculate program scope; i.e. – space, configuration, HVAC loads, plumbing and electrical. It also includes:

the author’s parametric cost database and cost template to prepare the construction estimate

a soft cost template to price out all related program costs, convert them to a monthly cash flow, incorporate financing costs and then reveal the final budget

an operation and maintenance annual cost template to calculate those variable and fixed costs necessary to run the building and then convert the result into the necessary rental rate to capitalize all costs

The spreadsheets, data, advice, and templates, are all introduced through a detailed case study, placing everything in an easy to understand practical context. This will prove an invaluable guide not only for estimators and cost engineers, but also developers, clients, and architects.

Major New York Times bestseller
Winner of the National Academy of Sciences Best Book Award in 2012
Selected by the New York Times Book Review as one of the ten best books of 2011
A Globe and Mail Best Books of the Year 2011 Title
One of The Economist's 2011 Books of the Year
One of The Wall Street Journal's Best Nonfiction Books of the Year 2011
2013 Presidential Medal of Freedom Recipient
Kahneman's work with Amos Tversky is the subject of Michael Lewis's The Undoing Project: A Friendship That Changed Our Minds

In the international bestseller, Thinking, Fast and Slow, Daniel Kahneman, the renowned psychologist and winner of the Nobel Prize in Economics, takes us on a groundbreaking tour of the mind and explains the two systems that drive the way we think. System 1 is fast, intuitive, and emotional; System 2 is slower, more deliberative, and more logical. The impact of overconfidence on corporate strategies, the difficulties of predicting what will make us happy in the future, the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation—each of these can be understood only by knowing how the two systems shape our judgments and decisions.

Engaging the reader in a lively conversation about how we think, Kahneman reveals where we can and cannot trust our intuitions and how we can tap into the benefits of slow thinking. He offers practical and enlightening insights into how choices are made in both our business and our personal lives—and how we can use different techniques to guard against the mental glitches that often get us into trouble. Winner of the National Academy of Sciences Best Book Award and the Los Angeles Times Book Prize and selected by The New York Times Book Review as one of the ten best books of 2011, Thinking, Fast and Slow is destined to be a classic.

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