A PMI Certified Training Course
Value Engineering Skills
Improving Performance and Profitability
Why Choose Value Engineering Skills Training Course?
This Value Engineering Training Course provides a structured approach to optimizing project performance, reducing life-cycle costs, and eliminating unnecessary expenses while maintaining the core functions and objectives of a project or product. Value Engineering (VE) is not about choosing the cheapest option; it’s about delivering the best value for money through systematic analysis, innovation, and stakeholder collaboration.
This Value Engineering Course equips professionals with the skills to apply VE methodologies effectively across all project stages—planning, design, procurement, and execution. It enhances creative problem-solving, critical thinking, and informed decision-making by engaging participants in real-world scenarios. Delegates will learn to form multi-disciplinary teams, capture stakeholder requirements, conduct function analysis, and apply cost modeling and life-cycle costing strategies.
This hands-on training emphasizes how VE can drive productivity, stimulate innovation, and improve organizational competitiveness by focusing on outcomes that truly matter to clients and end-users.
What are the Goals?
By the end of this Value Engineering Course, participants will be able to:
- Understand the core principles of Value Engineering and its role in project success
- Apply VE techniques to improve planning, design, and cost efficiency
- Conduct Function Analysis to align solutions with stakeholder expectations
- Use creative thinking strategies to generate and assess alternative proposals
- Evaluate life-cycle costs and select best-value solutions for implementation
- Facilitate multi-disciplinary workshops and manage VE processes effectively
Who is this Training Course for?
This Value Engineering Training Course is ideal for:
professionals responsible for strategic decision-making, cost management, or project planning across a wide range of industries. It is particularly beneficial for:
- Project Managers, Engineers, and Design Professionals
- Cost Estimators, Cost Controllers, and Procurement Specialists
- Project and Program Sponsors seeking improved ROI
- Professionals involved in planning large-scale or complex projects
- Stakeholders in construction, petrochemical, manufacturing, healthcare, and public sectors
How will this Training Course be Presented?
This Value Engineering Course combines expert instruction with collaborative workshop learning. The delivery includes:
- Instructor-Led Presentations: Explaining VE concepts, tools, and methodologies
- Interactive Group Discussions: Encouraging knowledge exchange and creative thinking
- Hands-On Case Study: Applying the full VE methodology through a practical, team-based scenario
- Facilitated Exercises: Building facilitation skills and enhancing participant engagement
Delegates will gain deep insights into VE strategies and leave equipped with the practical skills to drive value, improve decision-making, and support innovation across their projects.
The Course Content
- 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
- 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
- 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
- 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
- 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
Certificate and Accreditation
- 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
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Accreditation
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