Question: Performing Value Engineering of a Condominium development project. You have been assigned to manage a 20 storied condominium project. Project team is completing the final

Performing Value Engineering of a Condominium development project.

  • You have been assigned to manage a 20 storied condominium project. Project team is completing the final design of the project.
  • As a Project Manager of this important project for your company you are asked to perform a value engineering of the project.
  • How do you perform the value engineering for this project?
  • What are outputs you should be focusing on?
  • What are the challenges and limitations of performing value engineering?

Including in your analysis the following:

  1. Introduction and Purpose
  2. Understanding of the problems/issues
  3. Identify potential solutions of problems stated
  4. Shortlist probable solutions and evaluate solutions
  5. Recommendations/preferred solution
  6. Lessons Learnt
  7. Assumptions and Limitations
  8. Conclusion

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The project has been performing as planned, and the team members have been exhibiting increasing levels of trust between each other. The sponsor and the buyer have been satisfied with the delivery of...

Q:

IN ELECTRONICS mary AMMA RRER AAR Awake wieder regal l 1 loan luan gering wheel 10000 Over the 1.606 wapo Term QUESTIONS 1. An 1 What comes Den 6. Dned ABC DEEGHUR Wheden Totals at End of Month 2...

Q:

Develop and present chapter 1 (PM Using Earned Value) from the text. You will need to provide an activity and/or post a few questions from the chapter to be discussed. You will need to present the...

Q:

Due Week 4: Work Breakdown Structure According to the PMBOK Guide, "the WBS is a deliverableoriented hierarchical decomposition of the work to be executed by the project team, to accomplish the...

Q:

The HamilGine Piston Decision This case addresses many issues that affect insourcing/outsourcing decisions. A complex and important topic facing businesses today is whether to produce a component,...

Q:

12 Chapter A4148 23218 6/8/01 6:25 PM Page 361 12Initiating Objectives After reading this chapter, you will be able to: 1. Understand the importance of initiating projects that add value to an...

Q:

pLEASE po pa help! Reflection po about dto sa mga Framework for Project Management 4. Framework for Project Management Many different professions contribute to the theory and practice of project...

Q:

Below are two case studies, I want answers to the following case study CASE STUDY 1 Health Care Partners, Inc. Background Health Care Partners (HCP) was a 40-year-old company providing health care...

Q:

CIS 620/B Project Plan For the Global Collaboration Enterprise Information System 1200 12th Avenue, Suite 1200 Seattle, Washington 98114 U.S.A. November 11, 2015 Draft Version 19.0 November 11, 2015...

Q:

Fundamentals of Project Management Fourth Edition by Reza Torkzadeh FUNDAMENTALS OF PROJECT MANAGEMENT Reza Torkzadeh Copyright 2012-2013 by Reza Torkzadeh. All rights reserved. No part of this...

Q:

Give the products of the following reactions. If the products can exist as stereoisomers, show which stereoisomers are obtained. a. cis-2-pcntcne -4- HCI b. trans-2-pentene + HCI c. I...

Q:

Give an example of an in-the-money call and put and an out-of-the-money call and put?

Q:

The dollar amount of a change to the projected benefit obligation due to retroactive pension plan enhancements or reductions is called .

Q:

A 10% Tshs 1.0 billion bond dated January 1, 2014 pays interest semi-annually on June 30 and December 31 0f each year It has a maturity 0f 5 years and the market interest rate is 12 percent. What is...

Q:

LO13.2 Explain why monopolistic competitors earn only a normal profit in the long run.

Q:

4. Using diagrams for both the industry and a representative firm, illustrate competitive long-run equilibrium. Assuming constant costs, employ these diagrams to show how (a) an increase and (b) a...

Q:

1. When discussing pure competition, the term long run refers to a period of time long enough to allow: LO11.1 a. Firms already in an industry to either expand or contract their capacities. b. New...