Introduction to Value Engineering Workshop

Course details

The AVS® designation is recognized worldwide as the standard of the profession, attesting to one’s core knowledge and understanding of critical Project Management concepts, principles and techniques. Certification sets Associate Value Specialist (AVS®) shows that you have learned the value engineering methodology which is essential project management skills and knowledge. We Instruct and facilitate the two SAVE International approved Value Engineering Courses. These two courses are mandatory for Certification in Value Engineering:

• Module 1: 40-hour VE Training Workshop.
• Module 2: 24-hour Advanced VE Seminar.

Objectives

• Lectures (20 Hours)
• Workshop (20 Hours)

This is a practical 5-day course where we apply the VE Methodology to a live project during the course. Participants will:

1. Be introduced and master the methodologies and the techniques that help to improve the business.
2. Be introduced to some innovative techniques and ideas needed to enhance project and work performance.
3. After participation in this seminar you will know how to:
4. Apply Value engineering for your projects.
5. Use and benefit from function analysis.
6. Scientifically compares and chooses between alternatives using WEM
7. Integrate VE within the design process.
8. Develop a systematic approach to avoid unnecessary cost.
9. Develop and effective team.
10. Integrate VE with TQM.
11. Enhance the relationship between your employees and your customers.
12. Identify the similarities and differences between VE and Reengineering.
13. Differentiate between VE and Design Reviews
14. Differentiate between VE and Cost Reduction

Schedule

Day 1

• Introduction and History of Quality and Value
• Value and Quality concept.
• Reasons for unnecessary cost.
• Define Quality and value
• Why Value Engineering
• Information Gathering and scope defining
• Workshop

Day 2

• Function Analysis
• Workshop (Function Analysis)
• FAST Diagramming• Workshop (FAST)

Day 3

• Creativity, innovation and speculation.
• Team building.
• Road block to Creative & Positive thinking• Brainstorming , Workshop (Idea Generation)
• Selection Criteria & Idea evaluation, Workshop

Day 4

• Weighted Evaluation Matrix
• Workshop (WEM)
• Development Phase
• Workshop (Development Phase)
• Total Cost concept, Life Cycle Costing (LCC), Workshop

Day 5

• Presentation skills, Workshop
• Team Presentation
• Implementing VE proposal
• VE vs. Cost Reduction
• Certification in Value Engineering• How to integrate VE into your organizational process.
• General discussion and closing remarks

Who should attend

Project managers, Project team members, project engineers, design engineers, project leaders, industrial engineers, program managers, operations managers, functional managers, information technology professionals (IT), Accountants, Financial Managers, Sales Team, Supervisors, Safety Managers and Supervisors and all Individuals need to learn the Value Engineering Methodology and apply them to their projects to add values and improve the rate of return.