Value Engineering Skills

The Value Engineering Skills Course gives project, engineering, and cost management professionals a comprehensive, structured capability in Value Engineering methodology — covering the VE Job Plan, Function Analysis System Technique, creative phase facilitation, evaluation methods, life-cycle costing, and professional presentation and reporting skills aligned with SAVE International certification standards.

Value Engineering is one of the most powerful and proven methodologies for improving project performance, reducing costs, and maximising value across the full project lifecycle. When applied rigorously, it consistently identifies significant cost savings and performance improvements that conventional project review processes miss — by challenging assumptions, analysing function, and generating creative alternatives that deliver required performance at lower cost.

This course follows the complete VE Job Plan from project scoping and stakeholder analysis, through FAST diagram development, function cost and worth analysis, creative brainstorming, quantitative evaluation, and life-cycle costing, to selection of alternatives, action planning, and oral presentation to senior management and stakeholders. A running case study integrates learning across all five days.

The Value Engineering Skills Course is built for professionals who want to apply VE methodology with the rigour, facilitation capability, and communication skills that deliver real project value — and who want to understand the pathway to SAVE International VE certification.

The Value Engineering Skills Course is designed to develop comprehensive VE capability across the full Job Plan — from project scoping and function analysis through creative ideation, quantitative evaluation, life-cycle costing, and professional reporting.

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

• Define value, Value Engineering, and the VE study scope and apply VE principles to project phases
• Analyse stakeholders and manage VE team dynamics effectively across a VE study
• Apply the VE Job Plan Information Phase procedures and explain the need for function analysis in project environments
• Identify project functions, select appropriate function diagrams, and develop FAST diagrams to represent project function relationships
• Calculate function cost and worth, identify value mismatches, and apply creative facilitation skills to overcome creativity blockers
• Apply creative thinking techniques and facilitate productive brainstorming sessions to generate project alternatives
• Apply subjective and quantitative evaluation methods including paired comparison and Analytical Hierarchy Process to project decision-making
• Calculate life-cycle costs and Net Present Value and apply cost estimating techniques to project alternatives
• Select preferred alternatives, develop action plans, and produce professional VE study reports
• Present VE findings effectively to senior management and stakeholders using structured oral presentation and interpersonal communication skills

The Value Engineering Skills Course is designed for project, engineering, cost management, and procurement professionals who are responsible for improving value, managing project costs, and challenging conventional design and implementation approaches to achieve better performance outcomes.

This course is suitable for:

• Project managers and project engineers responsible for cost management, scope development, and value improvement on capital or operational projects
• Cost engineers and quantity surveyors applying function analysis and life-cycle costing to project cost optimisation
• Design engineers and architects seeking a structured methodology for challenging design assumptions and identifying lower-cost alternatives
• Procurement and contracts professionals applying VE principles to supplier and value chain improvement
• Facilities managers applying VE to asset management, maintenance cost reduction, and operational improvement
• Construction and infrastructure managers responsible for project value optimisation across design and delivery phases
• PMO professionals and project controls specialists embedding VE methodology into project governance frameworks
• Professionals pursuing or preparing for SAVE International VE certification

The Value Engineering Skills Course is delivered through a structured, Job Plan-aligned learning approach that mirrors the actual sequence of a VE study — moving from project scoping and function analysis, through creative brainstorming, quantitative evaluation, and life-cycle costing, to action planning and professional presentation. Each day addresses a distinct VE Job Plan phase, building a complete, integrated capability across the full methodology.

A running case study is applied progressively throughout all five days, workshops are embedded within each phase, and a post-course assessment evaluates delegates' capability development.

Delivery methods include:

• Instructor-led sessions covering VE principles, the Job Plan phases, function analysis, evaluation methods, and presentation techniques
• FAST diagram workshop developing hands-on function analysis capability using the Function Analysis System Technique
• Brainstorming case study workshop applying creative facilitation techniques to generate project alternatives
• VE certification pathway review examining SAVE International study levels and what delegates need to pursue formal VE certification

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