Value Engineering for Project Success Training Course |Smart

Overview

Why Attend

The Value Engineering training course by develops practical skills for improving project value while maintaining required functionality, quality, performance, and compliance. The programme introduces systematic value analysis, functional analysis, engineering economics, and decision-making techniques used to evaluate project requirements, identify unnecessary costs, and improve resource utilisation.

Participants learn how to apply lifecycle costing, cost optimisation, and structured value-improvement techniques throughout project planning, design, procurement, and delivery. The course focuses on balancing cost, performance, quality, risk, and functionality to support better project decisions and measurable value outcomes. It is part of Project Management Training Courses under the Management category.

Course Objectives

By the end of the course, participants will be able to:

Understand the principles, concepts, and applications of Value Engineering.
Apply value analysis to identify opportunities for improving project performance.
Understand the relationship between function, cost, quality, and project value.
Use engineering economics to support project investment and design decisions.
Apply lifecycle costing to evaluate long-term project costs and benefits.
Identify opportunities for cost optimisation without compromising required functionality.
Analyse project functions and distinguish essential costs from unnecessary expenditure.
Develop alternative solutions that improve performance and resource efficiency.
Evaluate design, procurement, materials, systems, and processes from a value perspective.
Support multidisciplinary teams in structured Value Engineering studies.
Improve project decision-making through systematic cost and functional analysis.

Target Audience

Project Managers
Project Engineers
Value Engineers and Cost Engineers
Design and Engineering Professionals
Construction and Infrastructure Professionals
Procurement and Contract Management Professionals
Quantity Surveyors and Cost Consultants
Project Controls Professionals
Operations and Asset Management Professionals
Technical Managers and Team Leaders
Professionals involved in project planning, design, procurement, cost control, and optimisation

Course Outline

Module 1: Fundamentals of Value Engineering

Principles of Value Engineering
Purpose and objectives of value improvement
Value, function, cost, and performance relationships
Value Engineering versus traditional cost reduction
Applications across project environments
Principles of effective value improvement

Module 2: Value Analysis and Functional Thinking

Value analysis
Functional analysis concepts
Identifying primary and secondary functions
Function-cost relationships
Function classification and evaluation
Identifying unnecessary costs
Developing functional improvement opportunities

Module 3: Value Engineering in Project Planning

Value Engineering in project planning
Defining project requirements
Establishing value objectives
Analysing project scope and specifications
Early-stage value improvement
Evaluating project alternatives
Integrating value considerations into project decisions

Module 4: Engineering Economics for Value Decisions

Engineering economics
Economic decision-making principles
Cost-benefit analysis
Investment alternatives
Present and future value concepts
Economic evaluation of technical solutions
Supporting project decisions with financial analysis

Module 5: Lifecycle Costing

Lifecycle costing
Capital costs and operating costs
Maintenance and replacement costs
Whole-life cost analysis
Long-term performance considerations
Lifecycle cost comparisons
Evaluating total ownership costs

Module 6: Cost Optimisation Strategies

Cost optimisation
Identifying cost drivers
Optimising materials, systems, and processes
Cost-performance relationships
Reducing unnecessary expenditure
Balancing cost, quality, risk, and functionality
Developing cost optimisation alternatives

Module 7: Value Engineering Workshop Methodology

Value Engineering study process
Information and preparation phase
Functional analysis phase
Creative alternative development
Evaluation and selection
Development of recommendations
Implementation and follow-up

Module 8: Alternative Generation and Evaluation

Value improvement alternatives
Creative problem-solving techniques
Generating alternative design solutions
Technical and economic feasibility
Risk and performance assessment
Comparative evaluation of alternatives
Selecting optimal value solutions

Module 9: Value Engineering in Design and Construction

Value Engineering in design
Design optimisation
Materials and system selection
Constructability considerations
Construction methods and productivity
Procurement and specification review
Improving project functionality and performance

Module 10: Procurement and Contract Considerations

Value Engineering in procurement
Supplier and contractor involvement
Value-based specifications
Alternative materials and technologies
Contractual considerations
Evaluating supplier proposals
Managing value improvement recommendations

Module 11: Measuring Project Value and Benefits

Project value measurement
Value performance indicators
Cost and benefit measurement
Quality and functionality assessment
Risk and performance trade-offs
Measuring realised value
Monitoring value improvement outcomes

Module 12: Implementing Value Engineering for Project Success

Value Engineering implementation
Developing value improvement plans
Prioritising recommendations
Stakeholder approval and communication
Implementation responsibilities
Monitoring results and benefits
Continuous project value improvement

Schedule & Fees

2026 Schedule & Fees

11 - 15 Oct, 2026

English

Per participant USD 2,900

11 - 15 Oct, 2026

Arabic

Per participant USD 2,900

29 Nov - 3 Dec, 2026

English

Per participant USD 2,900

29 Nov - 3 Dec, 2026

Arabic

Per participant USD 2,900

2027 Schedule & Fees

10 - 14 Jan, 2027

English

Per participant USD 2,900

10 - 14 Jan, 2027

Arabic

Per participant USD 2,900

28 Feb - 4 Mar, 2027

English

Per participant USD 2,900

28 Feb - 4 Mar, 2027

Arabic

Per participant USD 2,900

11 - 15 Apr, 2027

English

Per participant USD 2,900

11 - 15 Apr, 2027

Arabic

Per participant USD 2,900

30 May - 3 Jun, 2027

English

Per participant USD 2,900

30 May - 3 Jun, 2027

Arabic

Per participant USD 2,900

11 - 15 Jul, 2027

English

Per participant USD 2,900

11 - 15 Jul, 2027

Arabic

Per participant USD 2,900

29 Aug - 2 Sep, 2027

English

Per participant USD 2,900

29 Aug - 2 Sep, 2027

Arabic

Per participant USD 2,900

10 - 14 Oct, 2027

English

Per participant USD 2,900

10 - 14 Oct, 2027

Arabic

Per participant USD 2,900

28 Nov - 2 Dec, 2027

English

Per participant USD 2,900

28 Nov - 2 Dec, 2027

Arabic

Per participant USD 2,900