A Highly Interactive Training Course On

Cost Optimisation through Value Engineering

Unlock the Potential of Cost Optimization with Proven Strategies

Cost Optimisation through Value Engineering
Course Schedule

CLASSROOM

22-26 Sep 2025
Barcelona
$5,950
13-17 Apr 2026
Istanbul
$5,950
21-25 Sep 2026
Barcelona
$5,950
Certificate
  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Training Overview

Training Overview

The Cost Optimisation through Value Engineering training course is crafted to provide professionals with actionable strategies and practical tools for reducing costs and improving operational efficiency. Participants will learn how to apply structured value engineering methods to identify cost-saving opportunities, eliminate waste, and enhance overall performance within their organizations. The course emphasizes the evaluation of cost versus function, equipping you with the skills to make informed decisions that balance quality, performance, and expenditure.

Guided by industry experts with real-world experience, the program delivers a deep dive into value engineering practices across various industries. Through a combination of expert instruction, real-world case studies, and interactive workshops, you'll gain a comprehensive understanding of how to apply these techniques effectively. Personalized support and mentorship are also integrated into the course, allowing you to address specific challenges and refine your approach. By blending theory with application, this training ensures you're prepared to implement value engineering solutions that drive meaningful cost optimization in your professional environment.

This training course will feature:

  • Proven methodologies and frameworks to identify and eliminate unnecessary costs
  • Insights from experienced trainers with extensive knowledge in value engineering across multiple industries
  • Comprehensive understanding of value engineering principles, combined with practical workshops and case studies
  • Tailored advice and mentorship throughout the training program to address specific challenges and refine your skills for immediate application

What are the goals?

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

  • Empower Participants with a Systematic Approach to Value Improvement
  • Equip participants with structured tools and processes for evaluating costs versus functionality
  • Instill a mindset of continuous improvement for long-term cost optimization
  • Reduce Costs Without Compromising Quality or Functionality
  • Focus on eliminating waste and inefficiencies while maintaining high performance
  • Teach participants how to make informed decisions that align with organizational goals
  • Foster Innovation and Enhance Decision-Making Processes
  • Introduce innovative methods to redesign processes, products, or systems for better value
  • Enhance participants’ ability to analyze options and prioritize impactful improvements

Who is this Training Course for?

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

  • Engineers, Project Managers, Cost Analysts, and Procurement Professionals
  • Executives Aiming to Enhance Operational Efficiency
  • Teams Involved in Product Design, Development, and Delivery

How will this Training Course be Presented?

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes a mix of lectures, workshops, and interactive group exercises, real-world case studies and scenario-based learning, opportunities for peer learning and collaboration, and access to templates, tools, and resources for post-training application.

The Course Content

Day One: Fundamentals of Value Engineering
  • Core Concepts
  • Definition and principles of Value Engineering
  • Key components: Function, Cost, and Value
  • History and evolution of VE in various industries
  • Benefits and Applications
  • Advantages of VE in cost management and innovation
  • Case studies: Success stories of VE implementation
Day Two: The Value Engineering Process
  • Steps in the VE Process
  • Information gathering and function analysis
  • Creative idea generation
  • Evaluation and development of alternatives
  • Techniques and Tools
  • Functional analysis and FAST (Function Analysis System Technique) diagrams
  • Brainstorming methods for innovative solutions
  • Quantitative and qualitative evaluation methods
Day Three: Implementing Cost Optimization Strategies
  • Identifying Opportunities for Cost Optimization
  • Assessing current processes, systems, and products
  • Pinpointing inefficiencies and areas for improvement
  • Developing Practical Solutions
  • Aligning cost optimization with business objectives
  • Strategies for maintaining quality and functionality
  • Interactive Workshop
  • Participants identify cost-saving opportunities in simulated scenarios
Day Four: Integrating Value Engineering in Projects
  • Stakeholder Engagement
  • Communicating the value and benefits of VE initiatives
  • Gaining buy-in from stakeholders and overcoming resistance
  • Project Planning and Execution
  • Roadmaps for integrating VE in ongoing and new projects
  • Tools for monitoring and measuring the impact of VE efforts
  • Case Studies and Best Practices
  • Analysis of successful VE project implementations across industries
Day Five: Presentation and Review
  • Developing and Presenting VE Proposals
  • Structuring impactful presentations for stakeholders
  • Addressing potential concerns and ensuring alignment with business goals
  • Final Activity: Participant Presentations
  • Teams present their VE solutions for real-world scenarios
  • Feedback and review from instructors and peers

Providers and Associations

Anderson
Anderson
Aztech Training
Aztech Training
COPEX
COPEX