Advanced Value Engineering: Cost-Effective Project Initiation, Management and Delivery-(Diploma-Postgraduate)

HRODC Postgraduate Training Institute
In Amsterdam (Netherlands)

Rs 8,85,411
*Guide price
Original amount in GBP:
£ 10,000
You can also call the Study Centre
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Important information

Typology Training
Location Amsterdam (Netherlands)
Duration 10 Days
Start Different dates available
  • Training
  • Amsterdam (Netherlands)
  • Duration:
    10 Days
  • Start:
    Different dates available

Suitable for: Corporate managers. Value Engineers. Project Managers. Project Co-ordinators. Project Analysts. Value Engineering Lecturers. Value Engineering Consultants. Value Management Specialists. Cost Accountants. Management Accountants. Risk Managers. Risk Analysts. Disaster Recovery Specialists. Venture Capitalists. Entrepreneurs. All those with a thirst for modern trends and cutting-edge knowledge of Advanced Value Engineering Techniques and Management


Where and when

Starts Location
Different dates available
Damrak 1-5, 1012, Noord Holland, Netherlands
See map
Starts Different dates available
Damrak 1-5, 1012, Noord Holland, Netherlands
See map

Course programme

Module 1

Introducing Advanced Value Engineering

· What is Value Engineering?

· Value Engineering History

· 5 Precepts of Value Engineering

· Addressing the Problems Through Value Engineering

· Benefits of Value Engineering

· The Reasons for Unnecessary Costs

· When to Apply Value Engineering

· How is Value Engineering Done?

· Concept of Value

· VE Methodology and Techniques

· Variations in Cost

· Interface with Other Programs

· Demonstrated Impact of VE

Module 2

Value Engineering: Practical Applications

Project Scope and Budget

· Elements of the Project Budget

· Prevalent Budgeting Techniques

· Contingency Amount

· Cost Control

· Defining Project Scope

· Parameters and Parameter Cost

The Capitalized Income Approach to Project Budgeting (CIAPB)

· CIAPB Objectives

· Measuring Property Value

· The Meaning of Capitalization

· The Capitalization process

· The Need For Cost Control

Module 3

Cost Modelling and Planning for Value Engineering Services

Preparation for Cost Models in Advanced value Engineering

· Introduction

· Making Models

· Construction Cost Models

· Other Resources

· Types of Models

Planning for Advanced Value Engineering Services

· VE Objectives

· Level of Effort

· VE and Total Project Management

· Team Selection

· The VE Job Plan

Module 4

Advanced Value Analysis Phases

· Phase 1 – Information Phase

· Phase 2 – Function Phase

· Phase 3 – Creative Phase

o Idea Stimulator Checklist

· Phase 4 – Analysis/Judicial Phase

o Analysis/Judicial Phase: Analysis/Development

o Analysis/Judicial Phase: Analysis/Evaluation

· Phase 5 – Recommendation

· Phase 6 – Presentation and Implementation


Module 5

Advanced value Engineering Case Analyses

· Case Study 1 - Corporate Office Building

· Case Study 2 – Hospital and Case Study Complex

· Case Study 3 – Refinery facility

· Case Study 4 – Master Planning Competition

· Case Study 5 – Application to Design Review Government/Headquarters Complex

· Case Study 6 – Highway Project: South Interchange

· Case Study 7 – Wastewater Treatment Plant

Module 6

Practalising Advanced Value Engineering

Life Cycle Costing

· Decision Maker’s Impact on LCC

· LCC and Total Building Costs

· LCC Terminology and Examples

· LCC Methodology

· Application of LCC to Buildings

Integrating Value Engineering into the Construction Industry

· Planning and Design

· Construction

· Maintenance and Operations (M&O)

Module 7

Project Life Cycle, Creative Thinking and Costing

· Planning – conceptualisation, analysis, proposal, justification, agreement

· Doing – start-up, execution, completion, hand over

· Checking – review

· Acting – feedback

· Development of a Project Life Cycle, Project Brief and Proposal

· The Management of Change

· The Systems Approach to Project Management

· The requirements of successful Project Management

· Balancing Costs and Benefits

· Managing the Planning Process

· Critical Incident Analysis

· Project Control Mechanism

· The Value Chain: Adding Value To Processes, Products and Processes

· Project Decision-making

· Project Coordination: The 5 Bases of Co-ordination

· Developing a CATWOE Focus of project management

Module 8

Employee Resourcing, Interpersonal Relations and Staff Management for Advanced Value Engineering

· Worker Commitment and Job Design

· Moral Commitment -

· Remunerative Commitment -

· Calculative Commitment;

· Recruitment and Selection as a resourcing activity

· Job Design

· Types of Job Design

· Mechanistic Job Design

· Biological Job Design

· Motivational Job Design.

· Perceptual Job Design

Salient Issues in Recruitment and Selection for Advanced Value Engineering

· Systematic Recruitment and Selection Process

· Conducting Job Analysis

· Designing Job Description

· Designing Personnel Specification

· Market Targeting

· Designing and Placing Advertisement

· Weighting and Using Candidate Assessment Form (CAF)

· Non-conventional Personnel Selection

· The value of Staff Induction

· The Concept of Motivation

Motivating Workers for Advanced Value Engineering

· Theories of Motivation

· Content Theories & Some of Their Contributors

· Maslow’s Hierarchy of Needs

· Analysis of Maslow’s Claims

· McClelland's Studies

· Taylor: Money & Motivation

· Motivator-Hygiene Factor: Herzberg’s Contribution

· Process Theories

· Equity Theory

· Goal-Setting Theory

· Expectancy Theory

· Equitable Reward Systems

· Reinforcement Theories

· Reinforcement Theory

· Motivation & Contingency Theory

· Designing An Effective Motivation Strategy

Module 9

Risk Management in Advanced Value Analysis

· Defining risk

· Contextualising Risk

· Formulating Risks Statements

· Risk Examples

· Non-Risk Examples

· Proposal Risk

· Performance Risk

· Management’s perception and calculation of risk

· Risk probability and improbability

· The traditional ‘number line’ and traditional risk management calculation

· ‘ Risk-Improbability Scale Or Continuum’

· Understanding risk in organisations

· Analyzing and identifying risk in organisations

· Developing strategies and approaches to treat and manage risk

· What is Risk Management?

· Continuous Risk Management Example

· Non-Continuous Risk Management Example

· Evaluating likely risks and consequences

· Assessing the options for accommodating risks

· Prioritising risk management efforts

· Developing risk management plans

· Authorising the implementation of risk management plans

· The context of risk management in organisations

· The link between Risk Management and Governance arrangements

· Risk Management Standards

· The differing levels of risk within an organisation, business risk, project risk and process risk

· Developing criteria for determining acceptable levels or residual risk

Module 10

Crisis Management: Security and Natural Disaster Recovery in

Advanced Value Engineering

· Contingency Planning

· Continuity Management and Disaster Recovery

· Recovery Planning

· Recovery Planning and Logistics

· Business Continuity Management

· Introduction to BS 25999: Business Continuity Management

· Business Recovery Management

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