Value Engineering (BMC)
Course information

Value engineering is an effective methodology to improve the value of a project for client and it’s a powerful tool to drive a team to generate opportunities through brain storming by function. Value can be improved in different ways such as cost, quality, serviceability, environment, and performance and other.

Value Engineering is an organized team effort aimed at analyzing Functions and Quality of projects (goods, services and processes) to generate practical cost-effective alternatives that meet customer requirements. It is not reduction cost tool, since cost reduction does not ensure improving quality.

Value engineering can be used as an effective tool early in the project development process for identifying innovative alternatives and options for a project.

Value engineering is an effective tool during various phases of the development of a project. Typically, the value methodology has been applied after preliminary design or about 30 percent design. However, the process has proven most effective early in the development of the project as this allow for more creativity and fewer constraints to the value engineering team.

Value Engineering helps:

  • To create a project image
  • To achieve sustainability
  • To meet future challenges
  • To create and implement an effective strategy
Course Objective

To get familiar with value engineering methodology and its benefits, and how to make best use of the application of value management as related to projects or services, that result in:

  • Lower costs.
  • Improved functions and maximum benefits.
  • Risk management
  • Establishing workshop teams.
  • To understand the basic elements and practical applications of projects value management.
  • To provide the optimum solutions to actual project requirements using available means and resources.
  • To help find the required solutions using analytical and creative thinking methodology.
  • To promote participants abilities in dealing with others and group work.
  • To enhance problem solving and obtain advanced development.
  • To train participants on how to present their ideas to decision makers.
  • To qualify participants to get AVS certificate (Associate Value Specialist) credited by SAVE international.
Course Outline
  • Introduction to VE
  • VE principle
  • Why VE
  • History of Value Engineering in Gulf
  • Understand seven phases of VE Job Plan
  1. Information Phase
  2. Function Phase
  3. Creativty Phase
  4. Evauation Phase
  5. Development Phase
  6. Reccomendation Phase
  7. Follow up

Module 1: Information Phase

At the beginning of the VE study, it is important to understand the background and decisions that have influenced the development of the design. For this reason, the Owner/Designer normally presents orally, the building and process designs to the VE team. The site, building layout, process flows, and process equipment, architectural, structural, mechanical and electrical systems are discussed. The information phase also includes further refinement of the cost, space and other models that are prepared before the workshop session. These models are updated based on information received during the Owner/Designer’s initial presentation. These models also form the basis of the VE team function analysis.

Module 2: Function Phase

The objective of this phase is to identify, define and classify the functions of the study item to allocate cost ‘to them and judge their value. During this phase the following key questions must be answered:

(1) What does it do?  (2) What must it do?  (3) What is it worth?

In this phase the VE team should understand the project very well, and then start determining functions, classify function, defining scope, evaluate functions and draw Function Analysis Logic Diagram to group the main project function together, then start the creativity phase

Module 3: Creativity Phase

Objective of this phase is to generate, by creative techniques, alternative ideas for accomplishing the project functions selected with aim to improve quality and optimize cost.

This phase should result in answering the question, “What else will do the job (perform the basic functions)?” The completeness and comprehensiveness of the answer to this question determines to a very high degree the effectiveness and caliber of value work. The greater the number and quality of alternatives uncovered, the greater the likelihood of developing an outstanding solution. Additional alternatives which have not been considered will usually exist regardless of the skill and proficiency of the study team.

Module 4: Evacuation Phase

Following the creative step in the job plan comes the judging or Idea analysis step. Now is the time to judge! The purpose of this step is to select for further analysis and refinement, those most promising ideas from the long “shopping list” of ideas that have been generated. Key questions to answer during this phase are:

(1) How feasible is each idea?  (2) Will each perform the necessary function?

Evaluation may be accomplished either by the generating group or by an independent group. Authorities disagree upon which approach is better. The disagreement grows out of the question as .to whether people who generate ideas can be objective enough in evaluating them.

Module 5: Development Phase

In this phase, selected idea or ideas are fully developed with the intent of making specific recommendations for change to management. The process involves not only detailed technical development and testing but also an assessment of the probability of successful implementation. Several questions must be answered during the development of specific solutions. These are:

  • Will it work?
  • Will it meet all necessary requirements?
  • Who has to approve it?
  • What are the implementation problems?
  • What are the costs?
  • What are the savings?

Module 6: Follow up

  • Why Unnecessary cost exits
  • Define Quality, sustainability and value
  • Enhancement of value engineering
  • Creativity, innovation and speculation
  • Case studies
  • Total Cost concept, Life Cycle Costing (LCC)
  • Difference between VE and Cost Reduction
  • How to implement VE
Target Audience
Category: Business Management Course
Industry:
Oil & GAS; Aviation & Maritime; Construction & Engineering; Government; Rail; Manufacturing
Topics:
Planning & strategy Management
Duration:
5 Days Course
Certification
DISS

Upcoming Course Dates

May 26 – 30, 2019

diss-partner-logo
Certification

Our programmes are tailored to boost organizational performance through revenue growth, human development, and operational excellence.

DISS Courses covers different Business related topics such as Administration and Secretarial, Banking and Insurance, Communication and Writing Skills, Finance and Accounting, Human Resources, Leadership and Management, Marketing Social Media, Project Management and a lot more.

TESTIMONIAL

Click edit button to change this text. Lorem ipsum dolor sit amet consectetur adipiscing elit dolor. Click edit button to change this text. Lorem ipsum dolor sit amet consectetur adipiscing elit dolor

Person name

Click edit button to change this text. Lorem ipsum dolor sit amet consectetur adipiscing elit dolor. Click edit button to change this text. Lorem ipsum dolor sit amet consectetur adipiscing elit dolor

Person name

Click edit button to change this text. Lorem ipsum dolor sit amet consectetur adipiscing elit dolor. Click edit button to change this text. Lorem ipsum dolor sit amet consectetur adipiscing elit dolor

Person name
Meet THE INSTRUCTORS
instructor
Instructor Name
Profession

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

instructor2
Instructor Name
Profession

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Click edit button to change this text. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.