At the end of Advanced Value Engineering training course the participants will be able to:

• Understand the fundamental concepts of value engineering and how it supports effective project management by providing a continuous thread of good practice throughout the project development process
• Gather and organize information and cost relevant to key elements of the project
• Learn how to capture and incorporate stakeholders’ input in the development of the project charter and plan
• Critically assess and evaluate the relationships among key attributes such as cost, value, and function
• Report effectively to top management and project stakeholders in the context of proposing alternatives that improve the overall project value; and
• Objectively present a convincing case in support of certain project alternatives

Advanced Value Engineering training course is ideal for : 

• Project Managers
• Operational Excellence Personnel
• Operations Managers
• Asset Managers
• Quality Assurance Personnel.

Day 1

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

Day 2

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

Day 3

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

Day 4

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

Day 5

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

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration