The Power of FAST in Value Management

Abstract

The success of a company is not dependent on innovative product alone. To be successful a company must learn creative organization concepts that will help them react quickly and effectively to business opportunities. Function Analysis System Technique (FAST) is a powerful analysis process used by most Value Engineers to analyze the functions and reduce the cost of physical components, assemblies, hardware products and construction projects. However, FAST is an excellent innovative process for business systems and planning activities. This paper focuses on the "soft side" of Value Management (VM) and how to use FAST, an effective mapping technique, to extend VM beyond products or construction applications into the management of a business.The objective of this presentation is to demonstrate the diversity of FAST rather then present a tutorial on its principles. An overview of the FAST process is provided as a backdrop for the innovative process presented. However, it is assumed that the reader has a basic understanding and working knowledge of FAST and function analysis.1.

Forest Products Industry of the Future

“…May y new and emerging innovations such as nano-technology to cellulose and lignin levelop novel uses for currently low-value or unused forest based materials (e.9. hemicelluloses for plastics/fermentation) 4pply economical conversion processes to forest-based materials for the manufacture of chemical and carbon products nnovativetechnologies and empowered by their senior management to implement them 4 new national industry message and recruitment program to attract the best and brightest people to our industry Vtract, recruit, and retain people with strong science, engineering and technology education 2reate the educational system that meets the basic, technical, and leadership skills required for entry-level positions in the industry :reate an environment for life-long learning that enables and motivates the industry's people to continue to acquire the knowledge and ;kills required to drive the industry to perform at world-class levels of safety, productivity and innovation Wact, recruit and retain people with strong science, engineering and technology education 3eate an environment for lifelong learning 3evelop educational systems to support the needs of the industry Michael Lambert (2002-2003 Lisa Lassner (2001)(2002) Weiqun Shi (1996-1998) Amy Vandiver (1997-1999 May 1,2003…”

امکان سنجی بهبود ارزش پروژه های عمرانی بزرگ مقیاس با استفاده از تلفیق مهندسی ارزش و مدل پیش بینی استنتاج فازی

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Value analysis as a decision support tool in cruise ship design

“…The FAST (Functional Analysis System Technique) diagram -as described by Kaufman (1998) -has been used to map and organize the functional context of the project. Since the context can be defined at different levels of detail, the first "macro" FAST document has been drafted to show the main functions of the sewage treatment and discharge system, represented in Figure 3.…”