Value Engineering

INTRODUCTION

Value Engineering (VE) is a deliberate and clear set of disciplined practices aimed at maximizing value for both initial and long-term investment. It was first employed in the manufacturing business over 70 years ago and has been widely used in various industries for many years afterwards.

Value Engineering is more than just a design/peer review process or a cost-cutting exercise. Rather, Value Engineering is a creative, systematic endeavor that examines a project’s needs to achieve the key tasks at the lowest overall cost (e.g. capital, manpower, energy, maintenance) during the project’s life. Value and cost efficiency may be increased by the examination of different design concepts, materials, and procedures employing experienced and multi-disciplinary teams in a group research.

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Use Value Engineering in the workplace.
• Improve asset dependability and availability to world-class levels.
• Reduce unplanned downtime and production disruptions.
• Lower your maintenance expenditures by 50-70%.
• Discover worldwide benchmarking standards..

WHO SHOULD ATTEND THIS COURSE?

• Project Managers
• Operational Excellence Personnel
• Operations Managers
• Asset Managers
• Quality Assurance Personnel

TARGETED SKILLS

• Value Techniques
• Budget Analysis
• Life Cycle Costing
• Project Management