Value_Engineering
Plant Instrumentation (1)
What is Instrumentation? The term “instrumentation” is used to mean two things. The first is the use of measuring instruments to monitor a process (sensors). The second is the equipment used to achieve control (actuators). Online sensors are connected to equipment and piping. It commonly include pressure, temperature ,level, flowmeters. It provides the immediate continuous measurements
Why Should Organizations Care About Life Cycle Cost?
Many organizations only consider the initial purchase and installation cost of a system. It is in the fundamental interest of the plant designer or manager to evaluate the LCC of different solutions. This is before installing major new equipment or carrying out a major overhaul. Evaluation will identify the most financially attractive alternative. As
Value Engineering Integration with Risk Response Planning
The discipline of risk management has traditionally focused on the identification and quantification of risk. This focus on problems, while it has indeed proven to be effective in improving decisions that involve uncertainty, often misses the mark with respect to identifying appropriate responses in an innovative way that maximizes project value. Value improvement relative
Thought-Provoking Questions, Charles W. Bytheway
In essence, FAST is a method of stimulating organized thinking about any subject by asking thought-provoking questions. In these questions, the subject is expressed by a verb and a noun together with an occasional modifier. In Value Engineering terms, this verb and noun combination is called a function. As the answers are agreed upon, they
