The training supplies a summary of the entire job strategy, including each phase of the job plan, describes the different uses of the approach, what feasible objectives can be accomplished, as well as when worth engineering is useful.

Program Goals of Value Evaluation, Worth Engineering & Waste Removal

• Acquire thorough expertise of value engineering
• Present the overview of value design including objectives, approach, and strategies
• Categorize the practical applications of value engineering using the project range budget, CIAPB and preparation of price models, preparing for worth engineering solutions, feature evaluation, etc
  
• Apply worth design to products, procedures as well as tasks
• Identify and also gauge the requirements that items and also procedures need to satisfy
• Identify the remedy with the very best value for all stakeholders

Day 1
Introduction

• The objectives of value engineering

• The reasons for unnecessary costs

• When to apply value engineering

• VE methodology and techniques

• Interface with other programs

• Demonstrated impact of VE

Practical applications project scope and budget

• Elements of the project budget

• Prevalent budgeting techniques

• Cost control

• Defining project scope

• Parameters and parameter cost

Day 2
The capitalized income approach to project budgeting (CIAPB)

• CIAPB objectives

• Measuring property value

• The meaning of capitalization

• The capitalization process

• The need for cost control

Preparation of cost models

• Making models

• Construction cost models

• Other resources

• Types of models

Day 3
Planning for value engineering services

• VE objectives

• Level of effort

• VE and total project management

• Team selection

• The VE job plan

Function analysis

• Classifying function

• Defining functions

• Project level function analysis system techniques (FAST) diagram

Day 4
Creativity and interpersonal skills

• Creativity and fixation

• Interpersonal skills

• Human factors

• Creativity throughout the job plan

• The generation of ideas

• Delphi technique

• Value engineering – a crafted strategy

Life cycle costing (LCC)

• Decision-makers impact on LCC

• LCC and total building costs

• LCC terminology and examples

• LCC methodology

• Application pf LCC to building

Day 5
Integrating VE into the construction industry

• Planning and design

• Construction

• Maintenance and Operations (M&O)

VE applications to risk assessment and analysis

• Risk assessment

• Risk analysis