Value Engineering Skills
Course Info
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Course Details
Introduction
Objective
Who should attend
Course Location
Value Engineering is valuable in identifying the barriers in the project area early and areas for improvement. Using a team approach to this planning stage allows every party to communicate their concerns, ideas, and issues, allowing for suitable materials, resources, budget, and schedule.VE will improve the performance, profitability, quality and risk levels of the client organisation and the whole project team.
This Value Engineering (VE) course is a creative, organized approach which engages project stakeholders to define their business or performance requirements, maximises creativity and innovation to identify best value solutions, enabling more robust, effective decision-making during project planning, procurement and execution and through focusing on performance requirements and avoiding abortive work.
The course will provide the best value results from achieving the right balance between the client's benefit from a project or service and the resource required to deliver it, not just cost alone.
Course Outline
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
