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EST201-1D
1 Week Training Program
Advanced Estimating & Value Engineering Leveraging Ai
Building Skills in
Accurate estimation and value engineering to align with strategic objectives
Utilization of latest tools, technologies, and data analytics for precise forecasting
Integration of value engineering at all project stages to maximize cost efficiency
Development of early warning systems to prevent cost overruns
Alignment of estimating with customer and organizational value creation
Standardized processes and templates for consistent, repeatable performance
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What is Covered in this Program?
Develop advanced estimating and value engineering skills for all project phases
Implement strategic alignment by incorporating long-term organizational goals into estimating processes
Enhance prediction accuracy through monitoring cost indicators and early warning systems
Apply value engineering methodologies to improve project feasibility, design, construction, and operations
Improve productivity using standard forms, templates, and performance measurement KPIs
Build a functional knowledge base for superior, repeatable estimating and value engineering practices
Develop advanced estimating and value engineering skills for all project phases
Implement strategic alignment by incorporating long-term organizational goals into estimating processes
Enhance prediction accuracy through monitoring cost indicators and early warning systems
Apply value engineering methodologies to improve project feasibility, design, construction, and operations
Improve productivity using standard forms, templates, and performance measurement KPIs
Build a functional knowledge base for superior, repeatable estimating and value engineering practices
Who Should Attend?
Estimators, cost professionals, and project managers; Value engineering professionals and planners; Implementation teams focused on cost reduction, customer value, and strategy
Consultants advising on project cost improvement; Corporate executives setting strategy for major projects; Professionals initiating new projects or strategic organizational changes
Estimators, cost professionals, and project managers; Value engineering professionals and planners; Implementation teams focused on cost reduction, customer value, and strategy
Consultants advising on project cost improvement; Corporate executives setting strategy for major projects; Professionals initiating new projects or strategic organizational changes
Program Content & Modules
Advanced Estimating & Value Engineering Leveraging Ai
Understanding the importance of accurate estimating and value engineering
Identifying estimating and value engineering problems
Strategy & Planning Processes:
Understanding "Value" for your organization and customers
Strategic focus in estimating to align with organizational goals
Planning, scheduling, and contract conditions impact on estimates
Operational Estimating & Value Engineering Processes:
Value engineering checklists for all project phases:
Feasibility Stage
Design & Development Stage
Construction Phases Stage
Operation & Maintenance Stage
Implementing a step-by-step value engineering methodology
Performance Evaluation & Tools Integration:
Computer tools for estimating and cost management
Using templates, forms, and checklists to standardize processes
Developing KPIs to measure performance in estimating and value engineering
Risk Management & Quality Assurance:
Best practices in estimating management
Quality assurance techniques to improve estimation accuracy
Building early warning systems to detect potential overruns
Contingency & Continuous Improvement Processes:
Creating a departmental knowledge base for IP rights, methods, and best practices
Implementing continuous learning and improvement frameworks
Enhancing productivity through standardization and performance monitoring
Action plan to implement program recommendations, best practices, and checklists
Advanced topics customized based on participant group needs
Developing KPIs and planning an estimating knowledge base
Personalized recommendations for implementing good and best practices
Development of individualized action plans for achieving superior performance
Use Cases Estimating & Value Engineering on Projects
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Leveraging-AI into your Job Function and
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Greatly Enhance Your Productivity & Effectiveness!!
1 Week
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