How to Optimize to Increase Profit with ALICE Core

 

Enhancing Profitability through Value Engineering and Scheduling Optimization

This article delves into the advanced capabilities of Core for scheduling optimization and value engineering, focusing on leveraging core features to build more efficiently, reduce costs, and, ultimately, enhance your bottom line.

Value Optioneering: Balancing Duration, Cost, and Risk

Value optioneering takes the principles of value engineering further by evaluating the trade-offs between duration, cost, and risk. It’s about making informed decisions that align with the project’s strategic goals while optimizing profitability.

Test Design Concepts for Feasibility:

Before finalizing project designs, simulate their construction processes to identify potential challenges and cost implications. This preemptive analysis can save substantial resources by optimizing designs early in the project lifecycle.

Test Construction Methods for Constructability 

Experiment with various construction techniques and methodologies to ascertain the most efficient paths to project completion. This could involve comparing traditional vs. modern construction methods or exploring innovative material uses.

  • Explore the cost and schedule implications of building with different materials like concrete,  steel, wood frame, or CLT
  • Forecast the efficiencies in crew utilization of cast-in-place vs. precast for the job
  • Analyze the tradeoffs between prefab off-site or stick-built
  • Simulate scenarios with differing levels below and above grade  to find the efficiency frontier in your design
  • Collaborate with your customers and trade partners to optimize design, duration, and resources creating a win-win project 

Optimize for Profitability

The integration of Value Engineering and Value Optioneering into your project management practices represents a paradigm shift toward more strategic, data-driven decision-making. By systematically evaluating different construction methods, designs, and schedules, you can uncover opportunities to reduce costs, shorten project durations, and minimize risks—all of which contribute to increased profitability.

Remember, the goal is not merely to cut costs but to optimize the entire project lifecycle for the best possible outcomes. With core, users can achieve a competitive advantage, delivering superior value to stakeholders while maximizing your profit margins. 

 

Was this article helpful?
0 out of 0 found this helpful