Value Engineering Skills

Course Info

Length: 1 Week

Type: In Classroom

Available Dates

Venue

  • Dec-23-2024

    Barcelona

  • Dec-23-2024

    London

  • Dec-23-2024

    Amsterdam

  • Dec-30-2024

    Dubai

  • Jan-06-2025

    Kuala Lumpur

  • Jan-06-2025

    Istanbul

  • Jan-06-2025

    Paris

  • Jan-06-2025

    Barcelona

  • Jan-06-2025

    Amsterdam

  • Jan-06-2025

    Singapore

  • Feb-10-2025

    Dubai

  • Feb-10-2025

    London

  • Apr-07-2025

    Amsterdam

  • Apr-07-2025

    Barcelona

  • Apr-07-2025

    Paris

  • Apr-07-2025

    Istanbul

  • Apr-07-2025

    Kuala Lumpur

  • Apr-07-2025

    Singapore

  • Apr-14-2025

    Dubai

  • Apr-14-2025

    London

  • June-09-2025

    London

  • June-09-2025

    Dubai

  • July-07-2025

    Singapore

  • July-07-2025

    Istanbul

  • July-07-2025

    Paris

  • July-07-2025

    Barcelona

  • July-07-2025

    Kuala Lumpur

  • July-07-2025

    Amsterdam

  • Aug-11-2025

    Dubai

  • Aug-11-2025

    London

  • Sep-22-2025

    Dubai

  • Sep-22-2025

    London

  • Oct-06-2025

    Singapore

  • Oct-06-2025

    Barcelona

  • Oct-06-2025

    Kuala Lumpur

  • Oct-06-2025

    Istanbul

  • Oct-06-2025

    Paris

  • Oct-06-2025

    Amsterdam

  • Nov-17-2025

    Dubai

  • Nov-17-2025

    London

Course Details

Course Outline

5 days course

Framework for Applying Value Engineering in Projects

 

  • Defining Value and Value Engineering concepts and principles
  • How and when is Value Engineering applied?
  • Project definition through stakeholder analysis and management
  • Team player styles
  • Identifying relationships between Value, Cost and Worth
  • Overview of Different Value Engineering Phases

The Function Analysis Phase - Expressing Project Functional Needs and Constraints

 

 

  • The Information Phase – steps and procedures
  • Developing Value Engineering Job Plan
  • Defining project constraints
  • What is function analysis and Function-Cost-Worth Analysis
  • Developing FAST Diagrams to identify critical project components
  • Cross-Functional Project Team Approach

The Creative Phase - Inspiring Creativity in Your Project Team

 

 

  • Creativity and Creative thinking within the project environment
  • Creative thinking techniques
  • Reaching consensus and leveraging the power of project team collaboration
  • Project risk perception and identification
  • Identifying priorities through paired comparison
  • Output of the Creative Phase

The Evaluation Phase -Making Informed Project Decisions

 

 

  • Project evaluation methods
  • Performing project risk and scenario analyses
  • Lifecycle costing techniques
  • Incremental benefit-cost analysis for project evaluation
  • Effective Decision-making in project environment
  • Output of the Evaluation Phase

The Planning and Reporting Phases -Getting Results through Effective Communication

 

 

  • Develop and assess VE proposals to optimize project value
  • Action planning roles and responsibilities
  • Reporting VE findings to Senior Management and project stakeholders
  • Incorporating VE into the early project phases
  • Integrating VE with Continuous Improvement Techniques

Course Video