Value Engineering Skills

Training course overview

This Coventry Academy Value Engineering (VE) online course will introduce a creative process which improve the performance, profitability, innovation and quality of service of an organisation. VE enables organisations to achieve best value results from achieving the right balance between the benefit the client achieves from a project or service and the resource required to deliver it, not just cost alone. VE enables effective engagement of project stakeholders to define their business or performance requirements, maximises creativity and innovation. It also enables more robust, effective decision making during project planning, procurement and execution and through focussing on performance requirements and avoiding abortive work.

What are the goals?

By the end of this Coventry Academy online training course, participants will be able to:

• Identify Value Mismatches Through the Ratio of Whole Life Costing
• Capture & Incorporate Stakeholders’ Input in the Development of the Project Charter & Plan
• Add Value to Stakeholders Thru Best Value Decisions Based on the Balance of Value Criteria & Resources
• Know the Fundamental Concepts of Value Engineering and Analysis
• Identify Alternative Recommendations to the Management Which Will Improve Value Effectively

Who is this training course for?

This Coventry Academy online training course is suitable to a wide range of professionals but will greatly benefit:

• Anyone Involved in Project Initiation, Engineering Design, and Critical Assessment of Projects
• All Those Responsible for Making Significant Decisions Concerning Plans and Budgets for Large and Complex Projects
• Project or Program Sponsors, Project Managers, Cost Estimators, Cost Controllers, Engineers, Designers and Project Staff
• All Those Aspiring to Deliver Better Value in All Sectors of the Economy from Major Projects in Construction, Manufacturing, Petro-Chemical, Healthcare, Education Legal and Public Services

Course Outline

Amongst a wide range of valuable topics, the following will be prioritised:

• Definition of Value in Business
• Value Criteria
• Function Analysis
• Creativity Thinking
• Costing Functions
• The Creative Job Plan
• Integrating VE into Business Processes
• Life Cycle Costing
• Team Motivation and Facilitation
• Effective Reporting

The certificate

• Coventry Academy e-Certificate of Attendance will be provided to delegates who attend and complete the course