Meeting Minutes - US Department of State
Meeting Minutes - US Department of State
Meeting Minutes - US Department of State
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the team members as well, because they were learning<br />
why their recommendations, when you look at 712<br />
alternatives, why some <strong>of</strong> them weren't able to be<br />
implemented. So it's going to make future value<br />
engineering reports better because it should help to<br />
bring good recommendations in that can be<br />
constructed. So it brings in the constructability<br />
aspect <strong>of</strong> the recommendations.<br />
So next slide. So what have we<br />
accomplished when you talk about the program<br />
summary? The value engineering program in total<br />
from 2000 to 2007, the cost <strong>of</strong> the program was about<br />
nine million dollars. We did 157 studies. We saved<br />
514 million dollars. That includes almost a hundred<br />
million in O and M savings. The return on<br />
investment from that, just those years, is $57 to<br />
$1. And as I said before, I'm hoping that that<br />
number will drop because was want to start seeing<br />
the improvements take hold. We implemented 2,030<br />
recommendations.<br />
So the next slide talks about 2007 and you<br />
have to understand we don't' have all the<br />
implementation memos in yet, but right now we have<br />
exceeded our goals <strong>of</strong> a 29 percent proposed savings<br />
by the VE team. This is where I do my performance<br />
Free <strong>State</strong> Reporting, Inc.<br />
1378 Cape St. Claire Road<br />
Annapolis, MD 21409<br />
(410) 974-0947<br />
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