Value Engineering (VE) is used in the project lifecycle to engage stakeholders to understand and capture the functionality requirements, apply a structured, independent methodology to improve functionality and reduce or optimize costs. The VE methodology is creative and innovative in identifying value-mismatched functions and replace them with best value solutions.

This Advanced Value Engineering training course focuses on both the fundamentals of value engineering methodology and the advanced techniques on how to give the Project Stakeholders high levels of confidence for Value Engineered project delivery in terms of quality, cost, and time.

TRAINING OBJECTIVES

This training course aims to enable participants to achieve the following objectives:

• Understand the basics of cost management and value engineering
• Confidently estimate project costs using recommended best practices
• Incorporate Value Engineering into a project at the right time
• Learn and apply the best techniques used in Value Engineering
• Learn how to evaluate and communicate VE results to stakeholders