Close
Close

QUICK SEARCH
Search your Courses by Keywords


An online intensive professional development training course on

Value Engineering Skills

Improving Performance & Profitability

Why Choose this Online Training Course?

This lively and interactive Value Engineering online training course is designed to provide the participants with expert guidance for improving performance, effectiveness, and innovation in addition to achieving cost savings by implementing Value Engineering (VE) in their projects and product development works. Effective VE enables managers, product developers engineers and investors to develop an improved understanding of scope, performance requirements, and budgets enabling product designers to deliver cost effective solutions which will meet their client’s needs. The Value Engineering training course significantly enhances creative thinking, problem solving, objective assessment, and informed decision-making skills.

This AZTech online training course will feature:

The online training course involves a practical case study which the delegates will undertake in working groups to build an understanding of the systematic step-by-step VE methodology to support the initiation, planning and application of VE techniques. It covers the following key elements of VE application:

  • Forming and managing an integrated multi-disciplinary value engineering team
  • Capturing stakeholders’ requirements and expectations
  • Performing Function Analysis
  • Generating alternative solutions through creative thinking techniques
  • Selecting, presenting and implementing proposals
  • Understanding cost models and life-cycle costing analysis

What are the Goals?

By the end of this AZTech online training course, participants will be able to:

  • Understand the fundamental concepts of Value Engineering and Analysis
  • Understand how value engineering supports effective project and product management
  • Analyse Functions and involve stakeholders
  • Apply creative thinking techniques
  • Evaluate and select Best Value proposals

Who is this Online Training Course for?

The online training 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 Online Training Course be Presented?

This AZTech online training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes a mixture of speaker input, and interactive group discussion. The focal point of the training course will involve group working on a practical case study which engages delegates in a workshop environment and develops their facilitation skills. Delegates will gain detailed knowledge of VE concepts and techniques by active participation in the exercise/training sessions.

The Course Content

Day One: Understanding Value Engineering and its Application

  • Course Introduction and Post-Course Assessment
  • What is value? What is Value Engineering (VE)? Why is it important?
  • Defining Value Engineering concepts and principles
  • VE Study definition, scope and project phases
  • VE team and stakeholders’ analysis and management
  • Introducing the case study

Day Two: The Information and Function Analysis Phase – Expressing Project Needs and Constraints

  • The VE Job Plan
  • The Information Phase – steps and procedures
  • The need for Function Analysis in projects
  • Identifying functions and selecting Function Diagrams
  • Function Analysis System Technique (FAST)
  • Workshop: FAST Diagram

Day Three: The Creative Phase - Inspiring Creativity in Your Team

  • Function Cost and Worth
  • Finding value mismatches
  • Facilitation skills and overcoming creativity blockers
  • Creativity and Creative thinking within the project environment
  • Data collection and Creativity Output
  • Workshop: Brainstorm Case Study Alternatives

Day Four: The Evaluation Phase - Making Informed Project Decisions

  • Effective Decision-making in project environment
  • Project evaluation methods: Subjective evaluation and quantitative evaluation
  • Paired comparison and Analytical Heretical Process (AHP)
  • Project life-cycle costing and Net Present Value
  • Output of the Evaluation Phase
  • Workshop: Cost estimating Techniques

Day Five: The Presentation and Reporting Phases – Getting Results through Effective Communication

  • Selection of alternatives and action planning
  • Reporting VE findings to Senior Management and project stakeholders
  • Oral presentation techniques & interpersonal skills
  • Study Levels of the VE Certification by SAVE International
  • Review of VE Case study Reports and Wrap-up discussions
  • Post-Course Assessment

The Course Schedule

10:30 - 11:00

:

Welcome, Setup, Registration (Day 1 Only)

11:00 – 12:30

:

First Session

12:30 – 12:45

:

Break (15 minutes)

12:45 – 14:15

:

Second Session

14:15 – 14:30

:

Break (15 minutes)

14:30 – 16:00

:

Third Session

The Certificates

  • An AZTech e-Certificate for delegates who attend and complete the online training course
  • The applicable PMI Professional Development Units/Contact Hours will be reflected on the Certificate of Completion

Accreditation

PMI Registered Programme

AZTech as an A.T.P. (Authorised Training Partner) has been approved by PMI to issue applicable Professional Development Units (PDUs) for its Project Management training courses. PMI allows credential holders to apply PDUs to the maintenance of their credentials where one contact hour of training is equivalent to one PDU.

PMI is a registered mark of the Project Management Institute, Inc.

DO YOU WANT TO
LEARN MORE ABOUT THIS COURSE?

Request for In-House Solutions
Request for
In-House Solutions
Request for More Details
Request for
More Details
Share this Course With a Colleague
Share this Course
With a Colleague
Request Brochure
Request for a
Course Brochure

Send to Colleague

© 2022. Material published by Aztech shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


Sending your message. Please wait...

Send Successfully

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

USE THE COURSE FINDER TO
BROWSE OVER 400 COURSES

Online Training

DISCOVER OUR
ONLINE TRAINING
COURSES

LinkedIn
Facebook
Twitter
WhatsApp
Email
Other