This RECTUS Value Engineering Skills training course will highlight:

• Understanding the fundamentals of value engineering
• Key skills needed to optimise value on projects
• Applying appropriate estimating and planning techniques
• Learning how to protect value through effective risk management
• Maintaining project value through efficient control

At the end of this Value Engineering Skills training course, you will learn to:

• Apply a professional, systematic approach to optimising value on projects
• Identify which key performance indicators are integral to value engineering
• Produce optimised project plans through effective critical path analysis
• Protect project value through effective risk management
• Establish essential project control methods and procedures
• Understand how to apply practical estimating and progress measurement techniques

This training course is suitable for a wide range of professionals including project management professionals, leaders, and project team members who are engaged in all types of projects, from simple to complex.

The RECTUS Value Engineering Skills training course will also greatly benefit:

• Graduate Engineers and Architect
• Project Planners & Estimator
• Quality Assurance Managers & Engineer
• Contract & Procurement Manager
• Project & Discipline Engineer
• Specialist Technicians & Technical Assistants

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:

• Lectures
• Workshop & Work Presentation
• Case Studies and Practical Exercise
• Videos and General Discussions

Day 1

Understanding Value Engineering and its Application

• What is Value Engineering (VE)?
• Understanding VE in relation to the project lifecycle
• Managing project complexities to retain value
• Understanding how the project macro-environment affects VE
• Defining project scope around VE principals
• Key financial concepts used in VE

Day 2

Applying Value Engineering to Project Planning

• Identifying Objectives & Prioritising Goals
• Project Planning Methods
• Developing Work & Cost Breakdown Structures
• Project Management Roles & Responsibilities
• Project Estimating Techniques
• Project Scheduling Methods

Day 3

Controlling Projects through Value Engineering

• Applying VE to Resource Management
• Developing Effective Project Control Systems
• Managing Project Changes through VE
• Managing & Controlling Project Documentation
• VE applied in Project Risk Management

Day 4

Value Engineering in Progress Monitoring and Performance Measurement

• Measuring Projects for Success
• Project Success Factors
• VE Project Monitoring & Reporting Methods
• Identifying Key Performance Indicators using VE
• Applying VE to Measure Performance (Earned Value Management)
• The Time-Cost Trade-off

Day 5

Applying Value Engineering in Leadership and Stakeholder Management

• Project Interface Management
• Managing Stakeholder Expectations
• Applying VE to Project Leadership
• Team Building & The Team Development Cycle
• Communication, Delegation, and Motivation Skills

A RECTUS attendance certificate will be awarded to all participants who complete at least 80% of the total course duration.