Over than 2 decades we have experienced the imperative that Value Engineering engagements with Major Project Investments require significant work over the course of Major Project VE/VM Studies.

Generally, these projects will generally be $300 to $500 Million plus investments and must reduce their Capital expenditure by 10%-15%. However, additionally to exhibit a demonstrable improvement in NPV / IRR% ... to pass a Decision Gate for further corporate investments. 

Also, the Return on Investment is expected to be calculated by the VM/VE Team, with guidance, and templates, from the Value Engineering facilitators.

This goes far beyond a simple cost reduction, or LCCA calculation, and often has several different teams working on different sections of the Project, including Constructability and Design for Constructability. Generally with 100s of possibly applicable Ideas to be Analysed and Grouped in potential implementation strategies.