Value Engineering & Cost Estimating

Course Info

Length: 1 Week

City: Barcelona

Type: In Classroom

Available Dates

  • Mar-03-2025

    Barcelona

  • June-02-2025

    Barcelona

  • Sep-01-2025

    Barcelona

  • Dec-01-2025

    Barcelona

Dates in Other Venues

  • Dec-30-2024

    Paris

  • Jan-20-2025

    Dubai

  • Feb-17-2025

    London

  • Mar-03-2025

    Istanbul

  • Mar-03-2025

    Singapore

  • Mar-03-2025

    Paris

  • Mar-03-2025

    Kuala Lumpur

  • Mar-03-2025

    Amsterdam

  • Mar-03-2025

    Dubai

  • Apr-21-2025

    London

  • May-19-2025

    Dubai

  • June-02-2025

    Amsterdam

  • June-02-2025

    Paris

  • June-02-2025

    Istanbul

  • June-02-2025

    Kuala Lumpur

  • June-02-2025

    London

  • June-02-2025

    Singapore

  • July-21-2025

    Dubai

  • Aug-18-2025

    London

  • Sep-01-2025

    Amsterdam

  • Sep-01-2025

    Dubai

  • Sep-01-2025

    Paris

  • Sep-01-2025

    Singapore

  • Sep-01-2025

    Istanbul

  • Sep-01-2025

    Kuala Lumpur

  • Oct-20-2025

    London

  • Nov-17-2025

    Dubai

  • Dec-01-2025

    Paris

  • Dec-01-2025

    Singapore

  • Dec-01-2025

    Istanbul

  • Dec-01-2025

    London

  • Dec-01-2025

    Kuala Lumpur

  • Dec-01-2025

    Amsterdam

Course Details

Course Outline

5 days course

Introduction to Value Engineering (VE)

 

 

  • Objectives of Value Engineering
  • When to apply Value Engineering
  • Impact of Value Engineering
  • Introduction to project scope
  • Budget analysis
  • Elements of the project budget

Application in Value Engineering

 

 

  • Value techniques
  • The Total Value Management Concept
  • VE phase relationships – Value management in design
  • Classes of Value
  • Types of Value
  • When to apply Value Engineering

Function evaluation

  • Basic and secondary functions

 

Function Analysis Systems Technique (FAST)

  • FAST procedure
  • FAST examples

 

The Six-Step VE Job Plan

  • Information
  • Speculation
  • Planning
  • Execution
  • Reporting
  • Implementation

Speculative Phase Creativity

 

  • Brainstorming
  • Nominal group technique
  • Cause and effect analysis
  • Pareto charts
  • Total Cost concept
  • Life Cycle Costing (LCC)

Building on speculation

  • The nature of the information
  • Elements of manufacturing cost

 

VE Workshop Team Projects

  • Review VE plan of attack

Course Video