Value Engineering & Cost Estimating

Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

Dates in Other Venues

  • June-17-2024

    London

  • June-17-2024

    Amsterdam

  • July-01-2024

    Paris

  • July-01-2024

    Singapore

  • July-08-2024

    Barcelona

  • July-08-2024

    Dubai

  • July-15-2024

    London

  • July-15-2024

    Amsterdam

  • July-22-2024

    Singapore

  • July-29-2024

    Paris

  • Aug-05-2024

    Paris

  • Aug-05-2024

    Singapore

  • Aug-12-2024

    Dubai

  • Aug-12-2024

    Barcelona

  • Aug-19-2024

    Amsterdam

  • Aug-19-2024

    London

  • Sep-02-2024

    Singapore

  • Sep-02-2024

    Paris

  • Sep-09-2024

    Dubai

  • Sep-09-2024

    Barcelona

  • Sep-16-2024

    Amsterdam

  • Sep-16-2024

    London

  • Sep-23-2024

    Singapore

  • Sep-30-2024

    Paris

  • Oct-07-2024

    Singapore

  • Oct-07-2024

    Paris

  • Oct-14-2024

    Barcelona

  • Oct-14-2024

    Dubai

  • Oct-21-2024

    Amsterdam

  • Oct-21-2024

    London

  • Nov-04-2024

    Paris

  • Nov-04-2024

    Singapore

  • Nov-11-2024

    Barcelona

  • Nov-11-2024

    Dubai

  • Nov-18-2024

    London

  • Nov-18-2024

    Amsterdam

  • Dec-02-2024

    Paris

  • Dec-02-2024

    Singapore

  • Dec-09-2024

    Dubai

  • Dec-09-2024

    Barcelona

  • Dec-16-2024

    London

  • Dec-16-2024

    Amsterdam

  • Dec-23-2024

    Singapore

  • Dec-30-2024

    Paris

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