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
