Course Contents
DAY-1
1. Introduction and Background of Value Engineering
Definition of Value Engineering
All Designs Have Unnecessary Costs
The Reasons Poor Value Occurs
Background and History of Value Engineering
2. Habits, Roadblocks and Attitudes
Habits
Attitudes
Roadblocks
The Power of a Positive Attitude
3. The Value Engineering Job Plan
Introduction
Reasons for Using The Job Plan
The Job Plan
4. Function Analysis
Function and Its Role in Achieving Value
Criteria Used to Evaluate Value
Function: An Approach to Obtaining Value
Quantifying Function in Terms of Its Cost and Worth
Graphical Function Analysis
Evaluate by Comparison
Advantages of Function Analysis Approach
Functional Analysis Systems Technique (FAST Diagramming)
DAY – 2
5. Managing the Value Engineering Study
Why the Program Works
The Relationship Between Owner-Designer and Value Engineering Consultant
Who Influences the Cost of a Project?
Facility Life-Cycle Process
Who Influences the Cost of a Project?
When is the Owner Ready for Value Engineering?
Staffing and Structuring Teams for a VE Study
6. Cost Modeling
Cost Validation
Cost Estimating
Cost Models
7. Life-Cycle Costing
Definition of Life-cycle Costing
Purpose and Implications of Life-cycle Costing
Economic Principles Used in Life-cycle Costing
Using Life-cycle Costing as a Tool
8. Value Engineering Case Study: Engineering Management
Building
Building Requirements
Description of Project
VE Project Team
Description of VE Workshop
Examples of VE Recommendations
