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VAE501-1

1 Week Training Program

Advanced Value Engineering (VE) Methods
Step-by-Step Implementation of VE

Building Skills in

  1. Step-by-Step VE Methodology

  2. Value Engineering Domain Knowledge

  3. Building a Knowledgebase to Support Value Engineering

  4. How to Force your Consultants to do VE in their Work

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What is Covered in this Program

  1. In this program Value Engineering is an Aggressive Multi-Discipline Multi-Stakeholder Review Methodology to Identify Opportunities for Creating Value for Stakeholders that may have been missed during Feasibility, Preliminary, Design, Contract Formation, Construction, Maintenance, Operation or Close Down Planning of a Project or Business.
  2. This Training Program Shows How you can use Value Engineering Methods to complete a thorough analysis oftep-by-Step Implementation.
    (1) Implement Value Engineering(VE) in Your Organization or Department.
    (2) Motivate Your Contractor and Supplier to do VE in their Work.
    (3) Motivate & Force your Consultants to do VE in their Work

Program Includes: Understanding Value and Costs. Step-by-Step Methodology, Contractual Arrangements, Benefit Sharing, Opportunities Identification and Building a Knowledge Base to Support Value Engineering Initiatives. Incorporating Engineering Value Analysis Methodology.

  1. Who Should Attend
  2. All Estimators, Cost Professionals, Planners and Project Managers interested in taking away a good multi-discipline understanding of the estimating & Value Engineering Issues. The program will help them become productive quickly and help build a knowledge framework that will help them identify, understand, classify and remember their job learning and experiences.

Implementation Teams involved in Value Engineering, Cost Reduction, Creating Value for Customers, Setting Strategy will also benefit from this program. This program should be considered particularly when a new project or initiative is being started in your organization; when a new strategic focus is being initiated, or, just prior to a consultant being hired to advise the organization on some improvement

Detailed Program Content


  1. The Value Engineering (VE) Concept
  2. "What is Value for your Organization"
  3. Understanding Strategic Value
  4. Customer Satisfaction Value
  5. Operational Value Prepositions
  6. Understanding Costs and Prices
  7. Understanding Methods & Automation
  8. Understanding Operating Value Pepositions
  9. Understanding Maintenance Value Pepositions
  10. Value Engineering Step-by-Step Methodology that overcomes the Multi-Discipline Roadblocks including..

    (1) Management Commitment
    Team Selection, Working & Empowerment.
    (2) Identifying the Widest Range of Improvement Opportunities.
    (3) Short-listing, Analysis, Recommendations and Management Approval.
    (4) Implementing VE Opportunity as a Project.
    (5) Objectively Measuring Success.
    (6) Celebration and Getting Ready for the Next VE Initiative
  11. Value Engineering Domain Knowledge
  12. Case Studies Value Engineering Opportunities in Various Situations

    (1) Project Selection.
    (2) Project Conceptualization.
    (3) Feasibility Study.
    (4) Preliminary Design
    (5) Detailed Design.
    (6) Construction and Implementation.
    (7) Operation Phase.
    (8) Maintenance Activities
  13. Motivational Issues for Successful Value Engineering Initiatives.

    (1) Employees
    (2) Designers
    (3) Contractors
    (4) Service Providers
    (5) Out-Sourcing Partners
    (6) Joint Venture Partners
    (7) Distributors
    (8) Retailers
  14. Program Recommendations
  15. Participant's Action Plan Outline

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