Value Engineering

Value Engineering

Value engineering is not strictly about reducing cost. It’s about reducing waste and overbuild, while focusing on project-specific risks. This helps to ensure the project is delivered on-time, on-schedule and according to investor expectations.

Adding value to the to our client’s projects is the guiding principle of Modern Energy Management. Due to Modern Energy Management’s distinct project management capabilities , we have a truly unique ability reduce cost – and risk, on our projects, thereby improving investor returns.

Reduction of wind farm CAPEX and OPEX are our specialty. In fact, to date the value of savings and improvement to project IRR we have achieved for our clients often outweighs fees charged on their projects, typically making Modern Energy Management “cost neutral” to the project.

Following are examples of specific project cost savings achievements:

Project role Project size Value Engineering activities Project Savings
Project Management
Construction Management		 110MW
  • Optimization of construction and installation activities
  • Re-scheduling/optimization of transport and crane activities
 8m USD
EPCM (Engineer, Procure, Construction Management) 207MW
  • Optimization of construction and installation activities
  • Re-design of balance of plant
 17m USD
Project Management
Construction Management		 180MW
  • Optimization of construction and installation activities
  • Re-scheduling/optimization of transport and crane activities
 9m USD
Owner’s Engineer 60MW
  • Optimization of construction and installation activities
  • Re-scheduling/optimization of transport and crane activities
  • Re-design of balance of plant
 4.5m USD

 

More case studies are available here.