Standard Practice for Developing Functions, Constructing FAST Diagrams, and Performing Function Analysis During Value Engineering (VE)/Value Analysis (VA) Study

Importancia y uso:

5.1 As part of the VE/VA study, perform function analysis after the collection of relevant information and prior to the identification of alternatives.

5.2 This practice provides a specific understanding of what must be accomplished and provides the basis for stimulating the creative phase of the value methodology. This is accomplished by naming and analyzing the functions and using the functions of the VE/VA study to generate ideas and alternative solutions.

5.3 This practice establishes a communication format through which all stakeholders can understand the project, product, or process.

5.4 This practice presents a method by which stakeholders’ needs and desires are compared to the cost to satisfy those needs and desires.

5.4.1 Function cost data help the user identify the alternatives and their functions that are highly valued with respect to their cost, thereby targeting opportunities for increasing value.

5.4.2 Targeting is done by identifying the low preference/high cost functions and high preference/low cost functions. These data will be used in the VE/VA study as a basis to create alternative solutions.

5.5 This practice helps stakeholders to formulate a strategy to maximize values.

5.6 Functions are also used to define criteria to compare alternatives.

Subcomité:

E06.81

Referida por:

E2168-10R23, E3377-24, E1699-14R20, E2103_E2103M-19R24, E3008_E3008M-16R23, E3035-15R20

Volúmen:

04.11

Número ICS:

91.010.99 (Other aspects)

Palabras clave:

building economics; cost efficiency; cost/preference combinations; function analysis; function analysis system technique (FAST); project planning; return on investment; risk analysis; UNIFORMAT II; value engineering;