CQ607-VALUE MANANGEMENT : Final Touch-up

List of the topic your should familiar with:-

1.0 Introduction to VM
  • Define VM
  • Describe the concept of VM
  • State comparison between VM and Traditional Method
  • Explain the benefits of VM to construction industry
  • Explain the challenges of implementing VM in construction industry.
  • Describe the concept of Pareto's Law (80: 20)
  • Explain the Pareto Law in construction project. (give example)
  • Explain VM job plan
2.0 Activities involved in VM
  • State the number of activities involved in VM (5 activities)
  • Explain each of the activities involved by phase
  • Describe Function Analysis
  • Describe FAST Diagramming
  • Describe evaluation criteria and prosedure in Evaluation Phase
  • Calculation in Function Analysis (be familiar with table and contents)
3.0 Life Cycle Costing (LCC)
  • Define LCC
  • Describe the concept of LCC
  • Describe the relationship between LCC and VM
  • State the element of LCC cost
  • Explain the importance of the LCC 

The above topic will be asked in either in Section A and Section B. Normally section A is an objective questions and section B is subjective questions. Please read my lecture note or other. related notes. 













Comments