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 structured, systematic methodology applied throughout the project lifecycle to enhance functionality, optimize costs, and improve efficiency while maintaining the highest quality standards. It provides a creative, value-driven approach to problem-solving by engaging key stakeholders to identify value-mismatched functions and replace them with cost-effective, high-performance alternatives.
This Advanced Value Engineering Training Course offers an in-depth understanding of both fundamental principles and advanced methodologies that drive project value. By integrating industry best practices, participants will learn to maximize project efficiency, ensure superior cost-quality balance, and instill confidence in stakeholders by delivering optimized project outcomes. The EuroMatech training course highlights real-world applications of VE techniques, ensuring that participants leave with a strong grasp of structured methodologies, risk mitigation strategies, and sustainability principles.
TRAINING OBJECTIVES
By attending this Value Engineering Training Course, participants will:
- Gain a comprehensive understanding of Value Engineering principles and their application across industries.
- Learn how to develop cost-effective strategies that improve project functionality without compromising quality.
- Master cost estimation techniques based on industry best practices and risk assessment models.
- Identify the right stages for VE implementation to achieve optimal results.
- Apply advanced VE methodologies to analyze, evaluate, and refine project elements for better efficiency.
- Enhance stakeholder engagement by effectively communicating VE results and justifying decisions.
- Understand how to balance cost, quality, and project timelines while maintaining compliance with industry regulations.
WHO SHOULD ATTEND?
This Advanced Value Engineering Training Course is designed for professionals across industries who are involved in project management, cost estimation, design optimization, and operational efficiency. The EuroMatech training course will benefit:
- Project Managers & Program Managers – Responsible for ensuring project scope, cost-effectiveness, and performance.
- Cost Estimators & Financial Analysts – Involved in optimizing project budgets and financial risk assessment.
- Design Teams & Implementation Engineers – Focused on refining system, process, and facility design through VE principles.
- Executives & Project Owners – Seeking to enhance project value and return on investment (ROI) through strategic decision-making.
- Procurement & Supply Chain Professionals – Ensuring that value-driven purchasing and sourcing strategies align with cost optimization goals.
TRAINING METHODOLOGY
This Value Engineering Training Course utilizes an interactive, hands-on learning approach, incorporating:
- Expert-led presentations to break down key VE principles and real-world applications.
- Case studies of successful Value Engineering implementations across industries.
- Interactive group discussions and exercises to encourage collaborative problem-solving.
- Practical application of VE tools and techniques through scenario-based learning.
- Video materials and industry best practices that reinforce knowledge retention.
- Stakeholder engagement simulations to enhance communication and decision-making skills.
- Live demonstrations of VE methodologies applied to real-world projects.
TRAINING SUMMARY
This Advanced Value Engineering Training Course provides professionals with the knowledge and tools needed to analyze, optimize, and improve project value. Participants will gain expertise in:
- Identifying stakeholder requirements and incorporating them into VE-driven decision-making.
- Conducting comprehensive cost estimation and developing accurate financial projections.
- Evaluating project functions to detect inefficiencies and propose viable alternatives.
- Developing and presenting VE proposals that justify cost reductions while maintaining or enhancing quality.
- Integrating VE strategies into existing project plans for seamless implementation and maximum impact.
By the end of this EuroMatech training course, participants will be able to drive cost-effective, high-value project outcomes, ensuring projects meet stakeholder expectations while maintaining efficiency, sustainability, and long-term profitability. The skills gained will enable professionals to deliver superior project performance, minimize unnecessary expenditures, and foster a culture of continuous improvement within their organizations.
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 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
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.
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
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.
