Value Engineering Skills

Coventry Academy provides a training course in Value Engineering Skills in Project Management

Course Schedule

Date Venue Fees($)
28 Nov - 02 Dec 2022 Online $2,350

Course Summary

Why Choose this Online Training Course?

Value, in its broadest sense, is the benefit to the client, offered by a project. Value Engineering (VE) is a creative, organized approach which enables providers of a product, service or a project to engage in a proactive way with stakeholders to ensure that project value is optimised, life-cycle costs are reduced, and unnecessary costs eliminated. The VE methodology emphasizes the return-on-investment aspect of decision-making in terms of benefits management during project planning, procurement and execution. It enables design teams and organisations to identify and evaluate alternative ideas and solutions at any project phase avoiding wasted design and investment effort and deliver best value solutions which meet client requirements. VE is not about selecting the cheapest option; rather, it is about realizing best value for money and improving productivity, competitiveness and effectiveness of organisations in addition to stimulating innovation.

This lively and interactive Coventry Academy online training course is designed to provide the participants with 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. Within the project management context, the course significantly enhances creative thinking, problem solving, objective assessment, and informed decision-making skills.

This Coventry Academy online training course will feature:

  • Systematic step-by-step VE methodology to support the initiation, planning and application of VE techniques
  • Capturing stakeholders’ requirements and expectations
  • Developing conceptual cost estimates and models
  • Undertaking life-cycle costing analysis
  • Producing a high-level project plan to guide project execution and control