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Construction, Civil Engineering , Asset Management Training Courses

Value Engineering Skills

Duration
2025-04-21 5 Days 2025-04-25
Attendance

Hotel Meeting Room

Hilton Paddington
Course code
CV-385
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City / venue
London

Classroom

Fees / hours
5250 $ | 25 Hours

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Course details

Overview
Content
Training Methodology

Overview ?

Why Choose this Course?

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.

VE will improve the performance, profitability, quality and risk levels of the client organisation and the whole project team. This course will provide best value results from achieving the right balance between the benefit the client achieves from a project or service and the resource required to deliver it, not just cost alone.

This course will feature:
  • Decision making based on value criteria
  • Applying cost estimating at the appropriate level
  • Understanding business need, project scope, function, and performance need
  • Securing real benefits by integrating VE with existing project management processes
  • introduction to powerful techniques of function analysis, facilitation and creative thinking
What are the Goals?
By the end of this course, participants will be able to:
  • Identify value mismatches through the ratio of whole life costing.
  • Capture & incorporate stakeholders’ input in the development of the project charter & plan.
  • Add value to stakeholders thru best value decisions based on the balance of value criteria & resources.
  • Know the fundamental concepts of Value Engineering and Analysis.
  • Identify alternative recommendations to the management which will improve value effectively.
Who is this Course for?
This course is suitable to a wide range of professionals but will greatly benefit:
  • Anyone involved in project initiation, engineering design, and critical assessment of projects
  • All those responsible for making significant decisions concerning plans and budgets for large and complex projects
  • Project or Program Sponsors, Project Managers, Cost Estimators, Cost Controllers, Engineers, Designers and Project Staff
  • All those aspiring to deliver better value in all sectors of the economy from major projects in construction, manufacturing, petro-chemical, healthcare, education legal and public services
How will this be Presented?

The course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The course will take delegates through the systematic step-by-step VE methodology through interactive speaker input, case studies and practice exercises. The exercises will provide participants with hands on experience of applying the techniques to a simple project and will facilitate group discussion.

The Course Content
Day One
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
 
Day Two
The Function Analysis Phase - Expressing Project Functional Needs and Constraints
  • The Information Phase – steps and procedures
  • Developing Value Engineering Job Plan
  • Defining project constraints
  • What is function analysis and Function-Cost-Worth Analysis
  • Developing FAST Diagrams to identify critical project components
  • Cross-Functional Project Team Approach
 
Day Three
The Creative Phase - Inspiring Creativity in Your Project Team
  • Creativity and Creative thinking within the project environment
  • Creative thinking techniques
  • Reaching consensus and leveraging the power of project team collaboration
  • Project risk perception and identification
  • Identifying priorities through paired comparison
  • Output of the Creative Phase

 

Day Four
The Evaluation Phase -Making Informed Project Decisions
  • Project evaluation methods
  • Performing project risk and scenario analyses
  • Life-cycle costing techniques
  • Incremental benefit-cost analysis for project evaluation
  • Effective Decision-making in project environment
  • Output of the Evaluation Phase

 

Day Five
The Planning and Reporting Phases -Getting Results through Effective Communication
  • Develop and assess VE proposals to optimize project value
  • Action planning roles and responsibilities
  • Reporting VE findings to Senior Management and project stakeholders
  • Incorporating VE into the early project phases
  • Integrating VE with Continuous Improvement Techniques

Day 1

Asset Cost Management Introduction

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 2

Laying the Groundwork

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 3

Applying the Value based Process

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 4

Ensuring the Continuity of the Value-based Process

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Day 5

Supporting Process that Lower Life-cycle costs

Definitions of reliability, maintenance & asset management
The total cost of maintenance
Best practice reliability and maintenance processes
Elements of asset management best practice
Auditing performance
Overview of TPM, RCM, BCM, QCM, and other asset management buzzword
Open discussion sessions

Training Methodology

Pathways Training and consulting adopts the newest techniques of human resources Training and consulting and, with the following:

  • Theoretical lectures are delivered via PowerPoint and visual displays (videos and short films)
  • Making scientific evaluation to the trainee (before and after)
  • Brainstorming and role-playing
  • Using case studies related to the scientific material being delivered and the trainees' work.
  • The participants get the scientific and practical material printed and on CDs and Flash memories.
  • Preparing records and reports of the participants' attendance and results, with a general evaluation of the training program.
  • A group of the best trainers and experts in all fields and specialties professionally prepares the scientific material.
  • After finishing the course, the participants get certificates of attendance signed, certified, and issued by pathways Training and consulting.
  • Our training programs start at 9:00 o'clock in the morning and end at 2:00 in the afternoon, with snack buffet during the lectures.
  • Providing a lunch buffet during the training program period, with organizing a lunch party on the training program final day for taking some photos and certificate awarding.
Different venues & timings for this course

Course name

Duration

City

Price

Value Engineering Skills

17, Feb 2025 21, Feb 2025

Brussels

5250$

Value Engineering Skills

24, Feb 2025 28, Feb 2025

Milan

5250$

Value Engineering Skills

24, Feb 2025 28, Feb 2025

Zurich

5250$

Value Engineering Skills

03, Mar 2025 07, Mar 2025

Trabzon

4000$

Value Engineering Skills

09, Mar 2025 13, Mar 2025

Khobar

3250$

Value Engineering Skills

10, Mar 2025 14, Mar 2025

Beijing

5450$

Value Engineering Skills

17, Mar 2025 21, Mar 2025

Amsterdam

5250$

Value Engineering Skills

24, Mar 2025 28, Mar 2025

Bangkok

5450$

Value Engineering Skills

30, Mar 2025 03, Apr 2025

Muscat

3250$

Value Engineering Skills

07, Apr 2025 11, Apr 2025

Toronto

6000$

Value Engineering Skills

14, Apr 2025 18, Apr 2025

Barcelona

5250$

Value Engineering Skills

21, Apr 2025 25, Apr 2025

London

5250$

Value Engineering Skills

27, Apr 2025 01, May 2025

Cairo

2950$

Value Engineering Skills

05, May 2025 09, May 2025

Geneva

5250$

Value Engineering Skills

12, May 2025 16, May 2025

Vienna

5250$

Value Engineering Skills

19, May 2025 23, May 2025

Munich

5250$

Value Engineering Skills

26, May 2025 30, May 2025

Prague

5250$

Value Engineering Skills

02, Jun 2025 06, Jun 2025

Rome

5250$

Value Engineering Skills

09, Jun 2025 13, Jun 2025

Jakarta

4000$

Value Engineering Skills

15, Jun 2025 19, Jun 2025

Tunisia

3750$

Value Engineering Skills

23, Jun 2025 27, Jun 2025

Marbella

5250$

Value Engineering Skills

30, Jun 2025 04, Jul 2025

Paris

5250$

Value Engineering Skills

07, Jul 2025 11, Jul 2025

Madrid

5250$

Value Engineering Skills

13, Jul 2025 17, Jul 2025

DUBAI

3450$

Value Engineering Skills

21, Jul 2025 25, Jul 2025

Kuala Lumpur

3750$

Value Engineering Skills

27, Jul 2025 31, Jul 2025

Amman

3250$

Value Engineering Skills

03, Aug 2025 07, Aug 2025

Marrakesh

3450$

Value Engineering Skills

10, Aug 2025 14, Aug 2025

Sharm ElShaikh

3250$

Value Engineering Skills

17, Aug 2025 21, Aug 2025

Doha

4000$

Value Engineering Skills

18, Aug 2025 22, Aug 2025

Milan

5250$

Value Engineering Skills

24, Aug 2025 28, Aug 2025

Casablanca

3450$

Value Engineering Skills

31, Aug 2025 04, Sep 2025

Riyadh

3250$

Value Engineering Skills

08, Sep 2025 12, Sep 2025

Istanbul

3450$

Value Engineering Skills

14, Sep 2025 18, Sep 2025

Jeddah

3250$

Value Engineering Skills

21, Sep 2025 25, Sep 2025

Manama

3250$

Value Engineering Skills

28, Sep 2025 02, Oct 2025

Beirut

3250$

Value Engineering Skills

06, Oct 2025 10, Oct 2025

Singapore

5450$

Value Engineering Skills

12, Oct 2025 16, Oct 2025

Kuwait

3250$

Value Engineering Skills

19, Oct 2025 23, Oct 2025

DUBAI

3450$

Value Engineering Skills

27, Oct 2025 31, Oct 2025

Kuala Lumpur

3750$

Value Engineering Skills

02, Nov 2025 06, Nov 2025

Amman

3250$

Value Engineering Skills

09, Nov 2025 13, Nov 2025

Marrakesh

3450$

Value Engineering Skills

16, Nov 2025 20, Nov 2025

Sharm ElShaikh

3250$

Value Engineering Skills

23, Nov 2025 27, Nov 2025

Doha

4000$

Value Engineering Skills

30, Nov 2025 04, Dec 2025

Casablanca

3450$

Value Engineering Skills

07, Dec 2025 11, Dec 2025

Riyadh

3250$

Value Engineering Skills

15, Dec 2025 19, Dec 2025

Istanbul

3450$

Value Engineering Skills

21, Dec 2025 25, Dec 2025

Jeddah

3250$

Value Engineering Skills

29, Dec 2025 02, Jan 2026

Istanbul

3450$

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