Edtech Training and Consultancy | Corporate Trainings

Please contact us if you wish to register for this course, or if you want to receive more information.

Upon the successful completion of this course, each participant will be able to:

Provide comprehensive Know how on project value engineering, concept and project management skills.
Provide expert guidance for securing real benefits and cost savings by implementing VE in their projects with a greater emphasis on the development of project scope, cost estimates, design solutions and budgets
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;
Objectively present a convincing case in support of certain project alternatives

This 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, petrochemical, healthcare, education legal and public services.

Framework for Applying Value Engineering in Projects
Defining Value Engineering concepts and principles
How and when is Value Engineering applied?
Project stakeholder’s analysis and management
The Function Analysis Phase - Expressing Project Functional Needs and Constraints.
The Information Phase – steps and procedures
Aspects of Cost Estimating
The Creative Phase - Inspiring Creativity in Your Project Team
Relationships between Value, Cost and Worth
The Evaluation Phase - Making Informed Project Decisions
Development phase
The Planning and Reporting Phases - Getting Results through Effective
Life-cycle costing analysis
Reporting VE findings to Senior Management and project stakeholders
Integrating VE into the project process and Continuous Improvement and application at project
Initiation

Value Engineering - Cost Reduction & Quality Improvement