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Advanced Value Engineering, Cost Effective Project Initiation Management and Delivery Course

By: HRODC Postgraduate Training Institute

United Arab Emirates

11 - 22 Dec, 2017  12 days

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GBP 10,000

By the conclusion of the specified learning and development activities, delegates will be able to demonstrate a heightened understanding of the following concepts and issues:

Part 1:

  • Introducing value engineering  
  • What is value engineering?
  • Value engineering history
  • 5 precepts of value engineering
  • Addressing the problems through value engineering
  • Benefits of value engineering
  • The reasons for unnecessary costs
  • When to apply value engineering
  • How is value engineering done?
  • concept of value
  • VE methodology and techniques
  • Variations in cost
  • Interface with other programs
  • Demonstrated impact of VE.

Part 2:

  • Value engineering practical applications  
  • Project scope and budget
  • Elements of the project budget
  • Prevalent budgeting techniques
  • Contingency amount
  • Cost control
  • Defining project scope
  • Parameters and parameter cost.  
    The capitalized income approach to project budgeting (CIAPB)

CIAPB Objectives

  • Measuring property value
  • The meaning of capitalization
  • the capitalization process
  • The need for cost control.

Part 3:

  • Cost modelling and planning for value engineering services  
  • Preparation for cost models in advanced value engineering
  • Introduction to cost models
  • Making models
  • Construction cost models
  • Other Resources
  • Types of models.
  • Planning for advanced value engineering services
  • Value engineering objectives
  • Level of effort
  • Value engineering and total project management
  • Team selection
  • The value engineering job plan.

Part 4:

  • Advanced value analysis phases  
  • Phase 1 – information phase
  • Phase 2 – function phase
  • Phase 3 – creative phase, Idea stimulator checklist.
  • Phase 4 - analysis/judicial phase
  • Analysis/judicial phase: analysis/development
  • Analysis/judicial phase: analysis/evaluation.
  • Phase 5 - recommendation
  • Phase 6 - presentation and implementation.

Part 5:  

  • Advanced value engineering case analyses  
  • Case study 1 - corporate office building
  • Case study 2 - hospital and case study complex
  • Case study 3 - refinery facility
  • Case study 4 - master planning competition
  • Case study 5 - application to design review government/headquarters complex
  • Case study 6 - highway project: south interchange
  • Case study 7 - wastewater treatment plant.        
Dubai, UAE Dec 11 - 22 Dec, 2017
GBP 10,000.00 + 500.00 (VAT)(The course cost does not include living accommodation. However, delegates are treated with the following: Continuous snacks throughout the Event Days; Hot Lunch on Event Days; City Tour; Hand-outs; Stationery. We offer very attractive discount for groups)
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+44 7736147507; +44 1902 763607; +44 2071935906; +

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