Value Engineering Fundamentals

COURSE OBJECTIVES

• Firstly, the course will equip trainees with the required competency level necessary to participate professionally in Value Engineering Workshops.
• Secondly, it will guide the trainees how to pass successfully their exam.
• Thirdly, the course will increase your knowledge and skills related to value Methodology.
• The applications will be on product, projects, or process.
• As well, you will be able to distinguish between cost reduction and value engineering .
• Moreover , the course is fast paced and is delivered in a four day session.

TECHNICAL SKILLS:

Being able to:

• Apply the VE tools and techniques for any project, product or service to save up to 30% without sacrificing quality.
• Identify and classify any project or product‘s functions.
• Study the logic relationship between the projects’ functions.
• From the FAST Diagram “Function Analysis System Technique “, the delegates will become able to select where the unnecessary costs exist.
• Evaluate between alternatives based on its life cycle costs not only the initial costs.
• Consider the non-monetary criteria in the evaluation.
• Avoid affecting the quality negatively in cost reduction.
• In addition, you’ll learn how to make and use Value Engineering models.
• How to convert BOQ to cost model to calculate the saving.

INTERPERSONAL SKILLS

• Changing the mind set by knowing new tools and techniques to manage costs through innovative changes.
• As well ,Knowing the difference between value engineering, value analysis and value management.
• Distinguish between the 3 types of Value: Use Value, Esteem Value, and Exchange Value.
• Enhance the interpersonal skills of working as a team member or team leader “The VM is based on a multi-disciplinary team approach”.
• The team will learn new techniques to generate a wide number of alternatives in a very short time. “VE consider that nothing has only one solution”.
• Evaluate ideas taking into consideration the important non-monetary.
• How to Develop Recommendations
• Identify Key Features to Sell Value Opportunities
• Illustrate Key Value Recommendations

STRENGTHS :

• Become eligible for the exam after a fast paced 32 hours course.
• It’s a practical workshop. You’ll learn something that is not academic, nor book knowledge, and gain actual practical experience from what you learned, for instance.
• Equip yourself with vital applications. Those applications represent high demand by various clients, especially after COVID-19 to become able to survive in the market.
• Discover VE secrets and professional techniques to reduce your projects’ costs without sacrificing quality.
• In conclusion, you’ll learn a problem solving approach, that had successfully demonstrated its effectiveness, since 1940s.
• In other word, Value Engineering means enhancing the project’s value , optimizing life-cycle cost and customizing quality.

HOW SHOULD ATTEND VALUE ENGINEERING FUNDAMENTALS ?

• Individuals interested to become certified are encouraged to attend.
• Attendees may include corporate leadership, engineers of all types, corporate leadership, designers, product managers, project managers, innovation managers, procurement engineers, cost engineers, marketing, finance, quality & manufacturing disciplines.

DURATION OF VMF1

• Total duration :  32 hours ( Intensive course )

About Instructor

Dr.Jacqueline Fahmy has more than 11 years of experience as a CVS teaching this course (Total Experience :21 years ) .

Please note that ,As per SAVE International recent update published in 5 May 2021,  it’s highly recommended that you attend the virtual course instead of the pre-recorded. To register for the virtual VMF 1 + bonus : 125 pre-recoded lectures and quizzes . Use this link 

Please note that:

All the materials used will be in English , but the explanation will be in English and Arabic.

For registration : You can use this link