Maximizing Project Value: Comprehensive Training in Value Engineering

Day 1:

Introduction to Value Engineering

• Definition and history of Value Engineering

• Key principles and concepts of VE

• Benefits of implementing VE in projects

• Examples of successful VE applications across various industries

Day 2:

The VE Job Plan

• Detailed explanation of the 6-phase VE Job Plan:

  • Information Phase

  • Function Analysis Phase

  • Creative Phase

  • Evaluation Phase

  • Development Phase

  • Presentation Phase

• Importance of each phase in the VE process

• Roles and responsibilities of VE team members

Day 3:

Function  Analysis

• Understanding the concept of function in VE

• Techniques for identifying and analyzing functions

• Function Analysis System Technique (FAST) Diagram

• How to develop and use FAST diagrams to improve understanding of project functions

Day 4:

Creative and Evaluation Phases

• Creative Phase: Techniques for generating alternative solutions

  • Brainstorming and other creative thinking methods

• Evaluation Phase: Assessing and selecting the best alternatives

  • Criteria for evaluating alternative solutions

  • Tools and techniques for decision-making in VE

Day 5:

Development and Presentation Phases

• Development Phase: Detailing and implementing selected alternatives

  • Preparing detailed implementation plans

  • Cost estimation and impact analysis

• Presentation Phase: Communicating VE proposals

  • Preparing and delivering effective presentations

  • Securing stakeholder buy-in and approval

• Final review and Q&A session to consolidate learning