COST VALUE ENGI

NEERING
Danielle Yoong Li Ping
Chung Hui Ping
Ng Wei Lin
Chang Chow Tong
Lim Yun Xuan
Tan Jing Yi
Yang Hee Yan
Wong Kim Wan

Job Scope
Item
1

Member Name
Wong Kim Wan

Job Scope
Introduction and Purpose of VM study, compilation of
presentation slides
Executive Project Brief and Summary of Problem,

Danielle Yoong Li Ping

compilation of report
Application of VM techniques and tools (Function analysis,

Chung Hui Ping

Yang Hee Yan

5
6

Chang Chow Tong

Lim Yun Xuan

FAST diagram, Priority Matrix)

Sketches of the layout plan and functional space analysis

Materials data and specification as proposed in the priority

matrix
Cost data and cost analysis after applying the relevant VM
tools
Action plan for the VM study and assists in the cost analysis

Ng Wei Lin

for the study

Conclusion and recommendation upon completion of the VM

Tan Jing Yi

study

A. Introduction

VALUE MANAGEMENT
Value management usually
integrates with reviews, workshops
and interviews to achieve the project
and clients requirements
Value planning is carried out at the
pre-construction stage to reach a
group decision regarding the
proposed design
Value engineering is carried out
during the construction stage to
study on the completed design or

PURPOSE
To make suitable adjustment to the
cost of the project without giving in
or sacrificing the function and
quality of the project
Fulfill the customers requirement
Able to propose a more effective
design as it provides a second key
design look
Whole life-cycle costing

MADGE MANSIONS PROBLEM

Customer wants a higher standard
of living and a value for money
purchase
Condominium sold in a high price
Functional space is not fully utilized
and certain specification of the
materials can be upgraded
To identify the unnecessary cost
Removing the pool and landscape
area and replace it to office area

B. Executive of
the Project

BRIEF DESCRIPTION OF PROJECT

Madge Mansion is a premium luxury condominium
located in the heart if Kuala Lumpur. Villas in the S
ky
The client is Gamuda Land
The total development area is 2.16 acre with a GDV
of approximately RM 350 million.
Contract sum is RM 138 million
A low density of 24 units per acre
A total of 52 units with 3 blocks

BRIEF SUMMARY OF PROBLEM

1.
2.

Objective of Client
To create a premium luxury condominium in the
heart of Kuala Lumpur with suitable materials.
To enhance the living standard of the customers t
hat is value for money.

Item

Problems

Unnecessary Cost
Dip Pool is unnecessary as there is a public pool available
Landscape is not needed as there is a terrace
These items have the potential to be the hidden
unnecessary cost in the project

Area not Fully Utilized

Living area and family area are not fully utilized

Unsuitable Materials
Some materials suggested by the architect does not satisfy
the client, thus a better quality material needs to be
proposed in this VM study.

C. The Result of
Function Analysis
or any VM tools
and techniques

Result of Value Management

Workshop
FAST Diagram

Result of Function Analysis

Function
Analysis at
Conceptual
Level

Functio
nal
Space
Analysi
s

Sharing

Creativity
Phase

Item

Ideas

Method

Increase Utilisation of
Space

Construct Home Bar in Family

Area

Adding New Concept of Extend Master Suite to Terrace by

'Work from Home'
constructing personal office room

Eliminate Unnecessary
Spaces or Functions

Category
of Ideas
1

Dip Pool and Landscape

Brainstorming
Result

Changing
design/Arrangement of
space

Increase Aesthetic
Appearance

Improve Privacy

Upgrading Sanitary
Appliances

Construct Recreational
Corner

Bath 1
Convert Private Lift Lobby to
sharing lift lobby

Extend Bedroom 1 by eliminating

Bath 1
Extend Wet Kitchen area. Integrate
Store into Yard.
Upgrade Floor Finishes in Foyer,
Living, Dining and Family Area

Upgrade Lighting Fixture in Living

and Family Area
Changing Curtain Wall in Master
Bath (Transparent to Opaque)

Upgrade 'Johnson Suisse' sanitary

appliances to 'Grohe'
2 and 3
Upgrade traditional bathtub to
bathtub with Jacuzzi function
Construct a private karaoke room

2 and 3

Evaluation
Phase
Item

Ideas

Increase Utilisation of
Space

Advantages
Add value to a
particular space

Disadvantages
Prolongation of
construction time

Allow fully
utilisation of extra
space
Allow fully utilise
of space

Extra cost may

needed

Item

To enhance living
standard
5

Additional costs may

incurred

6
May prolong
construction period

To save cost

Eliminate Unnecessary
Spaces or Functions

Allow upgrading
of building
materials by using
the cost saved
Increase
bathrooms usage

Ris
k

Changing
design/Arrangement of
space

Occupants
opportunity cost of
having personal
private relaxation
space and private lift
lobby

Increase cooking
area

Extra cost may

incurred

Upgrade Sanitary
Appliances
To attain value for Might cause delay
money appliances due to materials
quality
order lead time
To have private
karaoke room

Extra cost and time is

needed

Selection of
materials need to
consider project
cost and extra time
may needed

Extra cost may

Improve Bathroom's
Improve Privacy
incurred in
Privacy
changing material
To achieve users
comfort level

Increase personal's
area
Increase Terrace
Area

Increase Aesthetic To attain value for

Appearance
money quality
To increase
comfortless

Provide personal Extra time may

Adding New Concept of office to the house needed in selection of
Work from Home
owner
finishes
Allow owner to
work at home

Ideas

Evaluation
of IdeasDisadvantages
Advantages

Construct
Recreational Corner To enhance living
standard

Extra cost may

incurred
Special wall and
doors may needed
for sound
insulation

Might cause project delay if the project

schedule is not properly planned in the

Evaluation
Possibility(Contd)
of Ideas Development from
Phase
Evaluation Process

1=Potential Idea
2=Potential Idea for
future use
3=Good idea but extra
fund is needed
4=Discard but keep on
record

Selected Ideas for VM

Implementation

mplementation Phase

Item
1
2

Ideas
Increase Utilisation of
Space

Implementation of Ideas
Construct home bar in family area

Adding New Concept of

Construct Personal Office Room in Master Suite
Work from Home

Eliminate Unnecessary
Spaces or Functions

Reason
A centre hub for
entertainment
Allow owners to work
from home

Eliminate Dip Pool and Landscape

Attain saving of money

and upgrade finishes

Eliminate Bath 1

Bath 2 is now acted as a

sharing bath to save
unnecessary cost

Convert private Lift Lobbies to sharing lift lobby

To provide larger space

to house unit

plementation Phase (Contd)

Item

Ideas

Implementation of Ideas

Reason

Enlarge Bedroom 1 by eliminating Bath 1

Provide bigger personal

space for the users and
able to accommodate
more personal
belongings

Hacking wall between wet kitchen and store

To extend wet kitchen

floor area allows a larger
cooking space. The
Store is now moved to
Yard.

Changing
Design/Arrangement of
Space

Increase Aesthetic
Appearance

Improve Privacy

Upgrade Floor Finishes in Foyer, Living, Dining and

To satisfy client's
Family Area
expectation of the
Upgrade Ceiling Finishes in Foyer, Living, Dining aesthetic value of the
and Family Area
unit and attain value for
Upgrade Lighting Fixtures in Living and Family money purchase
Area
Changing transparent curtain wall to opaque curtain To attain privacy in
wall
bathroom

lementation Phase (Contd)

Proposed Alternative Floor Finishes in Foyer,
Living, Dining and Family Area
A=Capital Cost
B

B=Maintenance

C=Pattern Formation

D=Quality Finish

E=Durability

F=Cleanliness

A
H

G
B

C
C

D
D

E
E

F
H

riority Setting Matrix

Rating Score: 1-Poor, 2-Fair,

3-Good, 4-Excellent

G=Ease of Installation
H
H=Reliability of Supply

E
F
G
H
Weighted
Scoring
Ma
4

lementation Phase (Contd)

Proposed Alternative Lighting Fixtures
in Living and Family Area
A=Capital Cost
B

B=Durability

C=Energy Saving

D=Elegant Outlook

B
F
G

C
C
C

D
D
D

riority Setting Matrix

D
A
F
G

Rating Score: 1-Poor, 2-Fair,

3-Good, 4-Excellent

E=Ease of Installation
E
F=Reliability of Supply
G
F
G=Maintenance

Weighted Scoring Ma

D. Sketches of
Layout and
Implementation
Phase

Original Design

Proposed Design

E. Technical data
supporting the
selection of
alternatives

ALTERNATIVE M
ATERIALS

TABLE BELOW SHOWS THAT THE ORIGINAL MATER

IALS AND PROPOSED ALTERNATIVE MATERIALS FO
R FINISHES IN THIS PROJECT:

Finish Origina Proposed

es
l
alternatives
materi material
als
Floor Ceramic Granite
finish tiles
es

Area

Foyer,
living,
dining and
family area
Lighti Recesse Cove lighting Living and
ng
d
family area
fixtur lighting

FLOOR FINISHES - GRANITE

GRANITE
A

very strong and abrasion resistant mat

erial

versatile natural stone product which c

an be used at indoors and outdoors

Uniform

in colour and it has high compr

essive strength

Alternative

choices for floor finishes in fo

yer, living, dining and family area in this r
esidential project

ADVANTAGES
Good

Appearance
A beautiful natural appearance and very
distinctive look
Colour of granite will never fade
Visual appearance can be enhanced

Durable

Durability
Can

handle a lot of wear and tear

With proper care and maintenance, it can
last for years and years

 Scratch

Resistant
A very strong materials and is resistant to most scr
atches
Appearance can be maintained
Still look great for a long time

Easy

to Maintain
Resists material absorption and stains
Very easy to keep clean
Neutral detergent is the most suitable detergent fo
r cleaning
Maintenance cost will be reduced

LIGHTNING FIXTURES - COVE LIGH

TING

COVE LIGHTING
One

of the basic lighting techniques whic

h built into ledges, recesses or valences in
a ceiling of a room
The light can be directed from a cove on s
ides of the room to the ceiling plane in or
der to provide overall diffuse illumination
or either down to the wall to create a wall
washing effect
The source of light of cove lighting is conc
ealed to provide an ambient atmosphere

ADVANTAGES
Aesthetics

Ideal

for decorative purposes

Produces an indirect light to the ceiling o
r adjacent walls
Overall look of the room can be improve
d
Reduce

the warmness produced by the l

ight
The sources of cove lighting is hidden be
hind the ceilings or walls

F. COST PLAN/CO
ST ANALYSIS/CO
ST STUDY

N BEFORE & AFTER THE VALUE MA

NAGEMENT

RESULTS OF COST PLAN

RESULTS OF COST PLAN (CO

NTD)
Costs

more before apply the VM into the

Madge Mansion High-end Condominium
Every unit savings: RM 170,959.22
Cost of the Project
Before VM: RM 138,959,549.26
After VM: RM 130,069,670.07
Saves an overall cost of RM 8,889,879.2
0=6.4% (RM 8,889,879.2/RM 138,959,54
9.26) of the original cost.

RESULTS OF COST PLAN (CONTD)

Also

can be expressed as compound a

pproach which aims to increase the v
alue of the project.

G. ACTION
PLAN

H.
CONCLUSI
ON

CONCLUSION
Item

Ideas Implemented for VM study

Increase Utilisation of Space

Adding New Concept of Work from Home

Eliminate Unnecessary Spaces or Functions

Changing design/Arrangement of space

Increase Aesthetic Appearance

Improve Privacy

The savings for the cost per m2 for one unit is a total
of RM 413.90

If the cost is reflected to all 52 units in 3 blocks, the sa

vings is up to RM 8,889,879.19

The area of the unit is maintained as the VM team is o

f opinion that a reduction in space will reduce the pro
fit of the client as reducing the unit area means reduci
ng the functional or sellable area.

On the other hand, increasing the area will increase fu

rther the overall cost of the development. Other than
that, if the built-up area is increase, the area allocated
for the facilitiesBefore
will be
VMaffected.
After VM
Savings,
% of
Study, RM
Cost per m2
Area
Contract Sum

5,884.54
457.23

Study, RM

RM or m2

savings

5,470.64

413.90

7%

457.23

0%

138,959,549.26 130,069,670.07 8,889,879.19

6%