Advanced Value Engineering for Petroleum - Oil and Gas - Engineers

HRODC Postgraduate Training Institute
In Kuala Lumpur (Malaysia), Dubai (United Arab Emirates), City of Doha (Qatar) and another venue.

Rs 17,21,934
*Guide price
Original amount in GBP:
£ 20,000
You can also call the Study Centre
50919... More

Important information

Typology Training
Location At 4 venues
Duration 20 Days
Start Different dates available
  • Training
  • At 4 venues
  • Duration:
    20 Days
  • Start:
    Different dates available

Suitable for: Corporate Managers. Value Engineers. Project Managers. Project Coordinators. Project Analysts. Value Engineering Lecturers. Value Engineering Consultants. Value Management Specialists. Cost Accountants. Management Accountants. Risk Managers. Risk Analysts. 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
South Sathon Road, 10120, Bangkok, Thailand
See map
Different dates available
City of Doha
Al Wahda Street, 25500, Doha, Qatar
See map
Different dates available
Coral Deira Hotel, Muraqabat Street, Deria, Dubai, 82999,, 82999, Dubai, United Arab Emirates
See map
Different dates available
Different dates available
Kuala Lumpur
Jalan Ampang Hilir, 68, Malaysia, Malaysia
See map
Starts Different dates available
South Sathon Road, 10120, Bangkok, Thailand
See map
Starts Different dates available
City of Doha
Al Wahda Street, 25500, Doha, Qatar
See map
Starts Different dates available
Coral Deira Hotel, Muraqabat Street, Deria, Dubai, 82999,, 82999, Dubai, United Arab Emirates
See map
Starts Different dates available
Different dates available
Kuala Lumpur
Jalan Ampang Hilir, 68, Malaysia, Malaysia
See map

Course programme

Course Contents, Concepts and Issues:

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: Engineering 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 for Engineers

  • Phase 1 – Information Phase
  • Phase 2 – Function Phase
  • Phase 3 – Creative Phase
  • Idea Stimulator Checklist
  • Phase 4 – Analysis/Judicial Phase
  • Analysis/Judicial Phase: Analysis/Development
  • Analysis/Judicial Phase: Analysis/Evaluation
  • Phase 5 – Recommendation
  • Phase 6 – Presentation and Implementation

Module 5: Advanced Value Engineering Case Analyses

  • Case Study 1 – The Drilling Site preparation
  • Case Study 2 – The Workover Operation
  • Case Study 3 – Resolving the Offshore Rig Problem
  • Case Study 4 – Master Planning Competition
  • Case Study 5 – To ‘Complete’ or ‘Abandon Well’: The Multi-Million Dollar Decision
  • Case Study 6 – The value of the ‘Christmas tree’
  • Case Study 7 – ‘Christmas Tree’ to ‘Oil and Gas Terminal’: Efficiency or Waste

Module 6: Practising Advanced Value Engineering

Life Cycle Engineering 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 Engineering Cost

  • Planning – conceptualization, 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 for Petroleum – Oil and Gas Engineers

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 for Engineers

  • Defining risk
  • Contextualizing 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
  • Prioritizing risk management efforts
  • Developing risk management plans
  • Authorizing 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 organization, 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 for Engineers

  • 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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