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Some benefits of utilizing Value Engineering include:
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1.
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More clearly defined project scope and goals to enhance project starts.
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2.
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Clearly articulated project objectives and improved communication across disciplines.
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3.
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Better alignment between project team and management through structured facilitation
and key planning events, resulting in better support and acceptance.
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4.
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Sufficient allocation of resources in target areas, including a likely reduction
in overall capital expenditure and better defined and refined project ROI.
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5.
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Better project control in planning, schedules and logistics.
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6.
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Better visibility of project scope from the beginning of the project, which will
allow for better management and control, and limit scope changes during the life
of the project.
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7.
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The brainstorming by function and job plan process will allow for better involvement
between the entire team and end users, while providing a means to understand and
manage ideas selected for consideration.
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8.
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The multi-disciplinary approach provides an ongoing peer review process that will
allow for timely feedback, suggestions and corrections.
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