Value Engineering & Optimization Training Course In Project Delivery

Introduction

In today's highly competitive project landscape, maximizing efficiency and achieving optimal project value are paramount. This essential Value Engineering & Optimization training course is meticulously designed to equip engineering professionals, project managers, and cost estimators with the specialized skills and strategic insights required to systematically enhance project functions while reducing costs, without compromising quality or performance. Participants will gain a robust understanding of value analysis methodologies, learn to identify non-essential expenditures, foster innovation, and drive significant cost savings across all phases of project delivery, from conceptualization to execution. Our comprehensive curriculum emphasizes hands-on application, best practices, and real-world scenarios pertinent to the dynamic construction, manufacturing, and infrastructure sectors in Kenya, empowering you to deliver superior value.

This project value optimization course for engineers is crucial for organizations in Kenya striving for greater financial discipline, resource efficiency, and sustainable project outcomes. Mastering cost reduction techniques in projects, implementing value analysis methodologies, and understanding function-cost optimization are indispensable skills for mitigating budget overruns, improving profitability, and enhancing project resilience. This program offers an unparalleled opportunity to elevate your expertise in engineering cost optimization and lifecycle costing for projects, positioning your organization as a leader in delivering high-value projects and driving economic progress across East Africa.

Target Audience

• Project Managers
• Value Engineers/Analysts
• Cost Engineers
• Quantity Surveyors
• Design Engineers
• Procurement Specialists
• Construction Managers

Course Objectives

• Understand the fundamental principles and methodology of Value Engineering (VE).
• Differentiate between cost cutting and value optimization in projects.
• Master the job plan of Value Engineering for systematic application.
• Learn techniques for conducting functional analysis and identifying project functions.
• Develop creative solutions for achieving required functions at lower costs.
• Apply cost modeling and lifecycle costing for informed value decisions.
• Enhance decision-making through value matrix and evaluation criteria.
• Understand the integration of Value Engineering within the project lifecycle.
• Develop strategies for overcoming barriers to VE implementation.
• Learn to manage and lead Value Engineering workshops effectively.
• Explore the role of VE in risk mitigation and performance improvement.
• Apply best practices for communicating and gaining buy-in for VE proposals.
• Drive a culture of value consciousness and continuous improvement in project delivery.

DURATION

10 Days

COURSE CONTENT

Module 1: Introduction to Value Engineering & Optimization module

• Defining Value Engineering (VE) and Value Analysis (VA)
• History and evolution of Value Engineering
• Core principles and philosophy of VE
• Differentiating VE from simple cost cutting
• Benefits of implementing VE in project delivery

Module 2: The Value Engineering Job Plan module

• Overview of the systematic VE job plan stages
• Information gathering and function analysis phase
• Creative speculation and idea generation phase
• Evaluation and development phase
• Recommendation and implementation phase

Module 3: Function Analysis and Functional Costing module

• Understanding project functions: basic vs. secondary
• Techniques for functional analysis (FAST diagrams, Function-Cost Matrix)
• Assigning costs to functions rather than components
• Identifying unnecessary costs and poor value areas
• Developing a functional understanding of project scope

Module 4: Creativity and Idea Generation in VE module

• Techniques for generating innovative alternatives (brainstorming, lateral thinking)
• Overcoming mental blocks and fostering creative thinking
• Brainstorming rules and facilitation for VE workshops
• Leveraging cross-functional teams for diverse ideas
• Quantity vs. quality in idea generation

Module 5: Evaluation and Development of Alternatives module

• Developing criteria for evaluating alternatives
• Techniques for structured evaluation (e.g., weighting and scoring)
• Cost-benefit analysis of proposed solutions
• Technical feasibility and risk assessment of alternatives
• Refining and detailing selected value proposals

Module 6: Cost Modeling and Lifecycle Costing module

• Developing accurate cost models for project components
• Understanding lifecycle costing (LCC)
• Calculating initial costs, operational costs, and disposal costs
• Using LCC to make informed long-term value decisions
• Integrating LCC into the VE process

Module 7: Implementation and Reporting of VE Proposals module

• Developing a compelling Value Engineering proposal
• Presenting VE recommendations to stakeholders
• Gaining approval and buy-in for value changes
• Monitoring implementation and tracking savings
• Documenting lessons learned from VE exercises

Module 8: Integrating VE within Project Management module

• When and where to apply VE in the project lifecycle
• Relationship between VE and project scope management
• VE's role in risk management and quality assurance
• Integrating VE workshops into project schedules
• Communication strategies for VE initiatives

Module 9: Advanced Topics and Barriers to VE module

• Value Management vs. Value Engineering
• Overcoming common barriers to VE adoption (resistance to change, lack of understanding)
• The role of facilitation in successful VE studies
• Organizational culture for value consciousness
• Case studies of successful and challenging VE implementations

Module 10: Practical Application and Case Studies module

• Hands-on workshop applying the VE job plan to a simulated project
• Analyzing real-world engineering project case studies with VE applications
• Developing a mini-VE study for a project component
• Q&A and expert insights on specific VE challenges in Kenya's industries
• Creating a personal action plan for implementing VE in your organization

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 10 working days before commencement of the training.