Advanced Value Engineering

Course Info

Length: 1 Week

City: London

Type: In Classroom

Available Dates

  • Apr-01-2024

    London

  • Apr-29-2024

    London

  • May-06-2024

    London

  • June-03-2024

    London

  • July-01-2024

    London

  • July-29-2024

    London

  • Aug-05-2024

    London

  • Sep-02-2024

    London

  • Sep-30-2024

    London

  • Oct-07-2024

    London

  • Nov-04-2024

    London

  • Dec-02-2024

    London

  • Dec-30-2024

    London

Dates in Other Venues

  • Apr-01-2024

    Amsterdam

  • Apr-08-2024

    Kuala Lumpur

  • Apr-08-2024

    Istanbul

  • Apr-15-2024

    Singapore

  • Apr-15-2024

    Paris

  • Apr-22-2024

    Barcelona

  • Apr-22-2024

    Amsterdam

  • Apr-29-2024

    Dubai

  • May-06-2024

    Amsterdam

  • May-13-2024

    Istanbul

  • May-13-2024

    Kuala Lumpur

  • May-20-2024

    Singapore

  • May-20-2024

    Paris

  • May-27-2024

    Dubai

  • May-27-2024

    Barcelona

  • June-03-2024

    Amsterdam

  • June-10-2024

    Istanbul

  • June-10-2024

    Kuala Lumpur

  • June-17-2024

    Singapore

  • June-17-2024

    Paris

  • June-24-2024

    Dubai

  • June-24-2024

    Barcelona

  • July-01-2024

    Amsterdam

  • July-08-2024

    Kuala Lumpur

  • July-08-2024

    Istanbul

  • July-15-2024

    Singapore

  • July-15-2024

    Paris

  • July-22-2024

    Barcelona

  • July-22-2024

    Amsterdam

  • July-29-2024

    Dubai

  • Aug-05-2024

    Amsterdam

  • Aug-12-2024

    Istanbul

  • Aug-12-2024

    Kuala Lumpur

  • Aug-19-2024

    Paris

  • Aug-19-2024

    Singapore

  • Aug-26-2024

    Dubai

  • Aug-26-2024

    Barcelona

  • Sep-02-2024

    Amsterdam

  • Sep-09-2024

    Istanbul

  • Sep-09-2024

    Kuala Lumpur

  • Sep-16-2024

    Paris

  • Sep-16-2024

    Singapore

  • Sep-23-2024

    Amsterdam

  • Sep-23-2024

    Barcelona

  • Sep-30-2024

    Dubai

  • Oct-07-2024

    Amsterdam

  • Oct-14-2024

    Istanbul

  • Oct-14-2024

    Kuala Lumpur

  • Oct-21-2024

    Singapore

  • Oct-21-2024

    Paris

  • Oct-28-2024

    Dubai

  • Oct-28-2024

    Barcelona

  • Nov-04-2024

    Amsterdam

  • Nov-11-2024

    Kuala Lumpur

  • Nov-11-2024

    Istanbul

  • Nov-18-2024

    Singapore

  • Nov-18-2024

    Paris

  • Nov-25-2024

    Barcelona

  • Nov-25-2024

    Dubai

  • Dec-02-2024

    Amsterdam

  • Dec-09-2024

    Kuala Lumpur

  • Dec-09-2024

    Istanbul

  • Dec-16-2024

    Paris

  • Dec-16-2024

    Singapore

  • Dec-23-2024

    Amsterdam

  • Dec-23-2024

    Barcelona

  • Dec-30-2024

    Dubai

Course Details

Course Outline

5 days course

Framework for Applying Value Engineering in Projects:

 

• What is Value?

• What is Value Engineering? Why is it important?

• Defining Value Engineering concepts and principles

• How and when is Value Engineering applied?

• Project stakeholders analysis and management

• Understanding teamwork and cross-functional Project Teams and team player styles

The Function Analysis Phase - Expressing Project Functional Needs and Constraints:

 

Overview of Different Value Engineering Phases / Job Plan

The Information Phase – steps and procedures

The need for Function Analysis in projects

Developing FAST Diagrams to identify critical project components and perform project value analysis

Defining project constraints – relationships and trade-offs

Aspects of Cost Estimating

The Creative Phase - Inspiring Creativity in Your Project Team:

 

• Risk Management

• Relationships between Value, Cost and Worth

• Facilitation skills

• Creativity and Creative thinking within the project environment

• Creativity techniques as applied to optimize project value

• Blocks to creativity within the project team

 

The Evaluation Phase - Making Informed Project Decisions:

 

• Reaching consensus and leveraging the power of project team collaboration

• Idea selection

• Evaluation methods and value criteria

• Development phase

• Techniques in problem-solving

• Life-cycle costing analysis

 

The Planning and Reporting Phases - Getting Results Through Effective Communication:

 

Effective Decision-making in a project environment

Develop action plans and assign project roles and responsibilities

Reporting VE findings to Senior Management and project stakeholders

Integrating VE into the project process and Continuous Improvement and application at project initiation

 

Course Video