Course Certified By:

Introduction

Increasing demands for capital projects are placing greater stress on available funding resources.

In this period of belt-tightening and reduced budgets, it is imperative to find ways of doing more with less.

Value Engineering (VE) has proved to be a valuable tool in stretching capital, construction, operation and maintenance dollars to achieve the required goals for reduced costs, both in the public and private sector.

Use of VE techniques also typically results in improvements in facility performance, even at these lesser costs.

The Value Engineering Technology is a problem-solving system designed to accomplish essential functions of products, materials and services at the lowest cost without sacrifice of quality or delivery requirements.

A Value Management Program manages costs and manages change through the deliberate use of the technology.

A successful program requires management support, proper planning and organization, and an understanding of the technology.

The Training Course and Its Workshops deal primarily with the learning and application of the technology.

Objectives

Upon completion of this training course, participants will know:

• Mitigation of risk by selection of the most suitable project design type
• Methods of selection of the most suitable building systems
• Terms and conditions - examples of commercial terms
• Reducing total cost of project without any changes of functions and quality
• Developing better building functions
• How to determine fair and reasonable prices and times
• Structuring economic price adjustments
• Negotiation planning and strategies
• Value Engineering management techniques

Who Should Attend?

This course is recommended for anyone involved with the design stage of construction, maintenance and repair projects:

• Architectural engineers
• Structural design engineers
• Construction engineers
• Mechanical engineers
• Electrical engineers
• Process / operation engineers

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Course Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm