Available Dates

Feb-17-2025

London
Apr-21-2025

London
June-16-2025

London
Aug-18-2025

London
Sep-29-2025

London
Nov-24-2025

London

Dates in Other Venues

Dec-23-2024

Singapore
Dec-30-2024

Paris
Jan-13-2025

Kuala Lumpur
Jan-13-2025

Istanbul
Jan-13-2025

Paris
Jan-13-2025

Singapore
Jan-13-2025

Barcelona
Jan-13-2025

Amsterdam
Feb-17-2025

Dubai
Apr-14-2025

Barcelona
Apr-14-2025

Istanbul
Apr-14-2025

Amsterdam
Apr-14-2025

Kuala Lumpur
Apr-14-2025

Paris
Apr-14-2025

Singapore
Apr-21-2025

Dubai
June-16-2025

Dubai
July-14-2025

Paris
July-14-2025

Barcelona
July-14-2025

Istanbul
July-14-2025

Singapore
July-14-2025

Kuala Lumpur
July-14-2025

Amsterdam
Aug-18-2025

Dubai
Sep-29-2025

Dubai
Oct-13-2025

Barcelona
Oct-13-2025

Paris
Oct-13-2025

Amsterdam
Oct-13-2025

Istanbul
Oct-13-2025

Kuala Lumpur
Oct-13-2025

Singapore
Nov-24-2025

Dubai

Course Details

Value Engineering is not simply a design/peer review or a cost-cutting exercise. Instead, Value Engineering is a creative, organized effort which analyzes the requirements of a project for achieving the essential functions at the lowest total costs (e.g. capital, staffing, energy, maintenance) over the project's life.

The course offers a series of estimating techniques and processes to forecast the anticipated costs of projects with a focus on budget estimates accurately, estimates for pre-construction services, estimating contractor and sub-contractor work, estimating general conditions, pricing self-performed work, estimating negotiated contracts and performing lump-sum and unit-price estimates.

At the end of t Value Engineering & Cost Control Training course you will be able to :

Implement Value Engineering in the workplace
Increase asset reliability and availability to world-class standards
Reduce unscheduled downtime and production interruptions
Reduce maintenance costs by 50-70%
Learn global benchmarking standards

This course is suitable for a wide range of professionals but will greatly benefit:

Anyone involved in project initiation, engineering design, and critical assessment of projects
All those responsible for making significant decisions concerning plans and budgets for large and complex projects
Project or Program Sponsors, Project Managers, Cost Estimators, Cost Controllers, Engineers, Designers and Project Staff
All those aspiring to deliver better value in all sectors of the economy from major projects in construction, manufacturing, petrochemical, healthcare, education, legal and public services

Our courses in London are held at the LPC office located at:

LPC Oxford Street Offices: 25 N Row, London W1K 6DJ

London Head Office: 47 - 49 Park Royal Road, London NW10 7LQ

Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.

Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

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

Value Engineering & Cost Estimating

Course Info

Course Details

At the end of t Value Engineering & Cost Control Training course you will be able to :

Course Outline

Course Video

Value Engineering & Cost Estimating

Course Info

Course Details

At the end of t Value Engineering & Cost Control Training course you will be able to :

Course Outline

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