An Intensive 5-day Training Course
Advanced Value Engineering
Optimising Project Value through Structured and Cost-Effective Solutions
CLASSROOM DATES
INTRODUCTION
Value Engineering (VE) is a proven, structured methodology applied throughout the project lifecycle to maximize functionality, optimize costs, and ensure efficiency without compromising quality. It enables professionals to apply a creative, value-driven approach to solving complex problems by identifying underperforming functions and replacing them with cost-effective, high-performance alternatives.
The Advanced Value Engineering Training Course by EuroMaTech provides participants with both the foundational knowledge and advanced techniques required to deliver value-focused outcomes. Delegates will explore how to apply VE strategies across industries, ensuring projects achieve the right balance of cost, quality, and time.
Through real-world examples, case studies, and collaborative exercises, participants will gain the confidence to integrate VE techniques into their project environments. They will learn to communicate results effectively to stakeholders, instill confidence in decision-making, and foster sustainable project success.
Key highlights of this Advanced Value Engineering Course include:
- Gaining an in-depth understanding of VE principles and methodologies.
- Applying structured VE processes to optimize design, scope, and costs.
- Learning cost-estimation and risk-assessment models for project control.
- Enhancing project efficiency while aligning with quality standards.
- Using VE to support sustainability and long-term performance goals.
TRAINING OBJECTIVES
By the end of this Value Engineering Training Course, participants will be able to:
- Demonstrate a strong understanding of Value Engineering principles and their applications across industries.
- Apply advanced VE methodologies to optimize costs while maintaining functionality and quality.
- Identify the most effective stages for VE implementation to achieve maximum results.
- Develop accurate cost estimates using best-practice financial models and risk assessments.
- Conduct comprehensive project evaluations to detect inefficiencies and propose alternatives.
- Strengthen stakeholder confidence by presenting VE-driven results and justifying decisions.
- Balance project cost, quality, and time while ensuring compliance with industry standards.
WHO SHOULD ATTEND?
The Advanced Value Engineering Training Course is ideal for professionals responsible for project value, design optimization, and cost efficiency. It will benefit:
- Project Managers & Program Managers – Accountable for Project Scope, Performance, and Cost-Effectiveness.
- Cost Estimators & Financial Analysts – Seeking to Optimize Budgets and Assess Financial Risks.
- Design Teams & Implementation Engineers – Aiming to Refine Systems, Processes, and Facilities Through VE Practices.
- Executives & Project Owners – Pursuing Greater ROI Through Strategic Value-Based Decision-Making.
- Procurement & Supply Chain Professionals – Responsible for Aligning Sourcing Strategies with Cost and Value Objectives.
TRAINING METHODOLOGY
This Value Engineering Training Course uses an interactive, hands-on learning approach to reinforce both theory and practice. Expert-led sessions will introduce delegates to core principles, supported by case studies that demonstrate successful VE applications in diverse industries.
Participants will engage in group discussions, problem-solving activities, and scenario-based simulations that replicate real project environments. Practical exercises will allow delegates to apply VE techniques, conduct function analyses, and develop proposals that balance cost with quality. The training also incorporates video materials, peer-to-peer collaboration, and role-play simulations to strengthen stakeholder engagement and decision-making skills.
TRAINING SUMMARY
The Advanced Value Engineering Course equips professionals with the advanced knowledge and skills to analyze, optimize, and maximize project value. Participants will gain expertise in identifying stakeholder needs, evaluating project functions, and creating cost-effective solutions that maintain or enhance quality.
Delegates will return with the ability to prepare robust VE proposals, develop accurate cost projections, and implement VE frameworks seamlessly into existing project structures. By mastering these techniques, they will be able to reduce unnecessary costs, improve operational efficiency, and align projects with sustainability and profitability goals.
For organizations, this EuroMaTech training course delivers measurable outcomes by fostering a culture of continuous improvement, cost optimization, and stakeholder trust.
TRAINING OUTLINE
Day 1: Fundamentals of Cost Management and Value Engineering
- What is a Project? What is Project Management?
- Project Cost Estimating and Budgeting
- Project Risk Management Processes, Tools, and Techniques
- What is Value Engineering?
- Value Engineering Benefits
- Different Value Engineering Standards
- Case Study of Results Implementing Value Engineering
Day 2: Information and Functional Analysis Phase of VE
- Overview of Value Engineering Phases
- The Information Phase – Steps and Procedures
- Developing Value Engineering Job Plan
- The Function Analysis Phase and Function-Cost-Worth Analysis
- Developing FAST Diagrams to Identify Critical Project Components
- Case Study: Value Engineering Workshop I
Day 3: Creativity Phase of VE
- The Creative Phase: Purpose and Activities
- Creativity techniques: Brainstorming, Delphi Technique and Others
- Identifying Priorities Through Paired Comparison
- Importance of Team Format in Value Engineering Sessions
- The Output of the Creativity Phase
- Case Study: Value Engineering Workshop II
Day 4: Evaluation and Development of VE Proposals
- The Evaluation Phase: Purpose and Activities
- The Evaluation Phase Outputs
- Life-Cycle Costing, Present Value and Discounted Cash Flow
- Multi-Criteria Evaluation Methods
- The Development Phase and Its Outputs
- Case Study: Value Engineering Workshop III
Day 5: Presentation, Reporting and Implementation of the Results
- Report and present VE Findings to Senior Management
- Overcoming the Resistance of Stakeholders
- Incorporating VE into Project Execution
- Capturing Lessons Learned and Process Improvement
- Case Study: Reviewing Sample Real-World VE Reports
- What is your Plan to Implement VE in Your Organization
- Final Review and Closing Thoughts
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ACCREDITATION
EuroMaTech is proud to be an Authorized Training Partner (ATP) with the Project Management Institute, the world’s leading association for project management professionals. EuroMaTech’s Project Management training courses are pre-approved by PMI®, enabling PMI® credential holders to earn PDUs when they attend with EuroMaTech. For more information on the Project Management Institute – please visit – www.pmi.org
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us info@euromatech.com
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at inhouse@euromatech.com
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
