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VAE505-1

1 Week Training Program

Construction Project Value Engineering Methods & Skills

Building Skills in

  1. Understanding Project Value Creation & Step-by-Step Methodology
  2. Leveraging Multi-Discipline Knowledge for Value Engineering
  3. Building a Knowledgebase to Support Construction Project Value Engineering
  4. How to Enforce Value Engineering by your Consultants
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1 Week Training Programs

9-13 Sept 2024
New Delhi
30 Sept-4 Oct 2024
Dubai
7-11 Oct 2024
Kualalumpur
29 Oct- 2 Nov 2024
New Delhi
18-22 Nov 2024
London
18-22 Nov 2024
New York
2-6 Dec 2024
Seattle, USA
16-20 Dec 2024
London
30 Dec 2024- 3 Jan 2025
Dubai
6-10 Jan 2025
Kualalumpur
20-24 Jan 2025
Dubai
3-7 Feb 2025
London
17-21 Feb 2025
New York
2-6 March 2025
Seattle, USA
16-20 March 2025
Istanbul
30 March-3 April 2025
New York
13-17 April 2025
Dubai
27 April-1 May 2025
Kualalumpur
11-15 May 2025
London
25-29 May 2025

Useful Links


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What is Covered in this Program?

  1. This Construction Project Value Engineering Professional training Provides Skills and Competencies to Help Implement Value Engineering on your Projects and other Similar Organizational Processes. For this program Value Engineering is an Aggressive Multi-Discipline Multi-Stakeholder Review Methodology to Identify Opportunities for Creating Value for Stakeholders that may have been missed during Feasibility, Preliminary, Design, Contract Formation, Construction, Maintenance, Operation or Close Down Planning of a Project or Business. This program will help participants become productive quickly and help build a knowledge framework that will help identify, understand, classify, remember and apply value engineering analysis and methods.
  2. This Training Shows How you can use Value Engineering Methods to complete a thorough value and opportunity analysis. This program will help the participant understand the methodology for:

    (1) Implementing Value Engineering(VE) on Construction Projects

    (2) Motivate the Contractors and Suppliers to do VE in their Work.

    (3) Motivating & Force your Consultants to do VE in their Work.
    Program covers Value Engineering:

    (1) Understanding Value and Costs.

    (2) Step-by-Step VE Methodology,

    (3) VE Contractual Arrangements,

    (4) Value Engineering Benefit Sharing,

    (5) VE Opportunities Identification

    (6) Building a Knowledge Base to Support Value Engineering Initiatives.
    The Professional Skills Program will also Build Skills and Competencies in Developing Effective Value Engineering Performance Evaluation Systems, Developing Meaningful Value Engineering Key Performance Indicators KPIs, Developing & Maintaining Updated Value Engineering Standard Operating Systems, Developing and Keeping Updated Knowledge System to Support Value Engineering Effectiveness and Efficiency, Leveraging Data Analytic System for Timely & Proactive Value Engineering Opportunity Insights, Leveraging Artificial Intelligence System for Proactive Decision Support Insights and Recommendations for Value Engineering Professionals. This program will also provide the Professional Knowledge and Skills to Plan and Implement an Internal Skills and Competency Building Training, Coaching and Mentoring System for Value Engineering Professionals and Team Members.

Who Should Attend?

  1. This Training is intended for all Project Professionals including Estimators, Cost Professionals, Planners, Engineers and Project Managers.
  2. This program will be very useful for Special Teams assigned responsibilities for Value Engineering, Cost Reduction, Creating Value for Customers, and Setting Project Strategy.

Program Content & Modules

Construction Project Value Engineering Methods & Skills


  1. The Value Engineering (VE) Concept
  2. What is Value for your Organization?
  3. Understanding Strategic Value
  4. Customer Satisfaction Value
  5. Operational Value Prepositions
  6. Understanding Costs and Prices
  7. Understanding Methods & Automation
  8. Understanding Operating Value Prepositions
  9. Understanding Maintenance Value Prepositions
  10. Value Engineering Step-by-Step Methodology that overcomes the Multi-Discipline Roadblocks to Value Engineering, including...

    (1) Management Commitment

    (2) Team Selection, Working & Empowerment.

    (3) Identifying the Widest Range of Improvement Opportunities.

    (4) Short-listing, Analysis, Recommendations and Management Approval.

    (5) Implementing VE Opportunity as a Project.

    (6) Objectively Measuring Success.

    (7) Celebration and Getting Ready for the Next VE Initiative
  11. Value Engineering Domain Knowledge
  12. Program Recommendations
  13. Outline Project Value Engineering Improvement Outline Action Plan

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