Useful Links

PDF Link  |  Center Full List  |  FOR PROGRAM DATES SEND EMAIL

What is Covered in this Program?

1. Teach participants the methodology for implementing Value Engineering (VE) in construction projects.

2. Implementing a structured and effective Value Engineering (VE) methodology in construction projects.

3. Motivating and enforcing VE practices among consultants, contractors, and suppliers.

4. Developing a VE knowledge base to support decision-making and best practices.

5. Building skills in evaluating and measuring VE impact using performance metrics and KPIs.

6. Utilizing AI and data analytics for proactive identification of VE opportunities. Developing internal VE training, coaching, and certification systems.

Who should Attend?

1. Project Managers, Cost Estimators & Cost Professionals, Engineers, Construction Planners

2. Value Engineering & Cost Reduction Teams, Procurement & Contract Professionals, Consultants & Service Providers, Quality Assurance & Compliance Officers

PROGRAM CONTENT

Construction Project Value Engineering Processes

1. What is Value Engineering (VE) and why is it important in construction projects?

2. Overview of value creation, cost management, and stakeholder impact in VE.

3. Key challenges and benefits of VE implementation.

4. Historical successes in VE and lessons learned from missed opportunities.

5. Strategy Processes

6. Establishing strategic engagement with consultants, contractors, and suppliers for VE.

7. Planning Processes

8. Developing step-by-step VE methodology, including feasibility analysis, design, and execution.

9. Designing contractual arrangements to incentivize VE participation.

10. Planning benefit-sharing mechanisms to encourage stakeholders' commitment to VE initiatives.

11. Operational Processes

12. VE Opportunity Identification

13. VE Implementation

14. Performance Evaluation Processes

15. Data Analytics Processes

16. Risk Management Processes

17. Quality Assurance Processes

18. Contingency Management Processes

19. Improvement and Lessons Learned Processes

20. Building Process Knowledge and Updating SOPs

21. Reporting Processes

22. AI Leveraging Processes

23. Human Resource Development Processes

24. Promoting cross-disciplinary knowledge-sharing to improve VE outcomes.

25. Use Cases Value Engineering on Construction Projects

26. Program Recommendations

27. Post-Program Improvement Action Plan

CLICK FOR PROGRAM OUTCOMES

Click to Forward this webpage to a Colleague by Email