Value World

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Editorial Enquiries
Send all editorial enquiries to:
Roy M. Woodhead, Ph.D., CVS, TVM, PVM
Oxford Bookes University
School of Technology
Gipsy Lane Campus
Oxford OX3 0BP United Kingdom
rwoodhead@brookes.ac.uk

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Karen M. Smith
Association Executive
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Dayton, Ohio 45402 USA
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Email info@value-eng.org

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The Value World Philosophy

Value World seeks to be open in its submission process and supportive of its contributing authors. Referees are encouraged to provide positive feedback with guidance on how any issues can be resolved through revision and subsequent resubmission. No submission will be rejected without first attempting to help its author(s) revise it so that it will become suitable for publication. The journal’s key values are:

Nurturing: Nurturing the next generation of value researchers and practitioners.

Encouraging: Encouraging dialogue rather than dogma.

Advancing: Laying the ground for future value communication.

Supporting: Helping individual authors to play a positive role.

Being Honest: Being open and fair to all points of view.

Being Objective: Seeking irrefutable positions rather than the promotion of preferred opinions.

Sharing: Involving, broadening, and including readers into the subject of value derived from the consideration of functionality.

Spring 2007 Issue 1


	VALUE ENGINEERING ANALYSIS AND EVALUATION FOR THE SECOND BEIJING CAPITAL AIRPORT By Qing Yang & Qiu WanHua This paper adopts value engineering methodology to evaluate various schemes of the second Beijing capital airport for maximizing value, instead of traditional minimum investment, shortest cycle time or highest quality respectively. Firstly, the value management procedure for the Beijing Airport project is presented. Then, value chain and value list of this airport are proposed. Five kinds of schemes for the second Beijing capital airport are discussed.
	FROM VALUE TO SUSTAINABILITY INDEX: VALUE ANALYSIS AS A METHOD TO MANAGE COMPLEXITY FOR SUSTAINABLE DEVELOPMENT By Pier Luigi Maffei & Raffaele Boccaccini The relationship among the functions’ utility and the global costs (value index in the meaning of Lawrence D. Miles) is crucial in the moment in which the demand of measuring quality in terms of performances is becoming pressing. Reference to global costs allows one to program any intervention within the available resources for defined service life, in a perspective that respect conditions of sustainable development for future generations.
	COST-TIME PROFILING AS A TOOL IN VALUE ENGINEERING By Gaurav Chaudhari Fooks [2] introduces Cost-Time profiling as a procedure that ‘diagrams the accumulation of cash during each unit of time across the entire business cycle—from negotiating an order and entering it, to pre-manufacturing design and information gathering processes through manufacturing, to shipment and receivables. The cycle ends with the collection of payment.’ This paper aims to study the applicability of this tool to the larger value engineering process.
	EFFICIENCY IN VM/VE STUDIES AND THE PRESSURE FOR SHORTER WORKSHOPS By Kirsty Hunter & John Kelly, MRICS, PVM Pressure from clients’ for ever shorter VM/VE (value management/value engineering) studies has been observed as a factor in the organisation and conduct of workshops particularly in the UK construction sector. The objective of the study reported in this paper is to reach a measure of consensus on ways of making the VM/VE process more efficient. A pilot study was conducted through means of an international survey of selected well-established VM/VE practitioners to ensure a high quality data set focused specifically on agendas, tools, recommendations, and other related information.