A Project Management Institute, Inc. (PMI)®Registered Training Course
Value Engineering Skills
Improving Performance and Profitability
Course Overview
Value Engineering (VE) is a systematic and organised approach to providing necessary functions in a project at the lowest cost. When applied to projects, Value Engineering is a creative, organised approach which enables project teams to engage with stakeholders proactively to ensure that project value is optimised, life-cycle costs are reduced, and unnecessary costs eliminated.
This Value Engineering Skills training course is designed to equip participants with the essential knowledge and skills required to implement Value Engineering principles effectively in a project environment. Throughout the training course, participants will delve into the core concepts of Value Engineering, exploring its principles, methodologies, and best practices. From understanding the fundamental concepts of value and function analysis to mastering techniques for cost optimisation and risk mitigation, this course provides a comprehensive framework for driving value-driven decision-making within your projects and organisation.
Moreover, this training course is structured as a highly practical training course, incorporating real-world case studies, interactive exercises, and collaborative discussions to reinforce learning and facilitate practical application. By the end of this training course, participants will be empowered to leverage Value Engineering as a strategic tool for driving innovation, enhancing quality, and delivering projects with a sustainable competitive advantage in today's dynamic business environment.
This GLOMACS 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
Training Objectives
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
Who should Attend?
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 GLOMACS 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
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
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
Certificates
- On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Accreditation
GLOMACS is proud to be an Authorized Training Partner (ATP No. 2759) with PMI®. As an ATP, GLOMACS is authorized to issue applicable Professional Development Units (PDUs) and Educational Contact Hours to participants of any of its PMI® approved training courses for PMI® Certification and Re-Certification.
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Sessions in international locations
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