EST201-1D

1 Week Training Program

Advanced Estimating & Value Engineering Leveraging Ai

Building Skills in

  1. Integration of value engineering at all project stages to maximize cost efficiency

  2. Development of early warning systems to prevent cost overruns

  3. Alignment of estimating with customer and organizational value creation

  4. Standardized processes and templates for consistent, repeatable performance

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What is Covered in this Program?

  1. Develop advanced estimating and value engineering skills for all project phases
  2. Implement strategic alignment by incorporating long-term organizational goals into estimating processes
  3. Enhance prediction accuracy through monitoring cost indicators and early warning systems
  4. Apply value engineering methodologies to improve project feasibility, design, construction, and operations
  5. Improve productivity using standard forms, templates, and performance measurement KPIs
  6. Build a functional knowledge base for superior, repeatable estimating and value engineering practices

Who should Attend?

  1. Estimators, cost professionals, and project managers; Value engineering professionals and planners; Implementation teams focused on cost reduction, customer value, and strategy
  2. Consultants advising on project cost improvement; Corporate executives setting strategy for major projects; Professionals initiating new projects or strategic organizational changes

PROGRAM CONTENT
(Ai & Data Analytics Leveraged)

Advanced Estimating & Value Engineering Leveraging Ai


  1. Understanding the importance of accurate estimating and value engineering
  2. Identifying estimating and value engineering problems
  3. Strategy & Planning Processes:
  4. Understanding "Value" for your organization and customers
  5. Strategic focus in estimating to align with organizational goals
  6. Planning, scheduling, and contract conditions impact on estimates
  7. Operational Estimating & Value Engineering Processes:
  8. Value engineering checklists for all project phases:
  9. Feasibility Stage
  10. Design & Development Stage
  11. Construction Phases Stage
  12. Operation & Maintenance Stage
  13. Implementing a step-by-step value engineering methodology
  14. Performance Evaluation & Tools Integration:
  15. Computer tools for estimating and cost management
  16. Using templates, forms, and checklists to standardize processes
  17. Developing KPIs to measure performance in estimating and value engineering
  18. Risk Management & Quality Assurance:
  19. Best practices in estimating management
  20. Quality assurance techniques to improve estimation accuracy
  21. Building early warning systems to detect potential overruns
  22. Contingency & Continuous Improvement Processes:
  23. Creating a departmental knowledge base for IP rights, methods, and best practices
  24. Implementing continuous learning and improvement frameworks
  25. Enhancing productivity through standardization and performance monitoring
  26. Action plan to implement program recommendations, best practices, and checklists
  27. Advanced topics customized based on participant group needs
  28. Developing KPIs and planning an estimating knowledge base
  29. Personalized recommendations for implementing good and best practices
  30. Development of individualized action plans for achieving superior performance
  31. Use Cases Estimating & Value Engineering on Projects

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