CM 01 – Value Engineering Workshop- Module I
13 – 17 Sep 2020 Venue: Dubai, U.A.E.

CM 01 – Value Engineering Workshop- Module I<br />  13 – 17 Sep 2020        Venue: Dubai, U.A.E.

CM 01 – Value Engineering Workshop- Module I
13 – 17 Sep 2020 Venue: Dubai, U.A.E.

 
Course Information
1VenueDubai, U.A.E.
2Date 13 - 17 Sep 2020
3Download PDFpdficon
4
Registration Fees
5
RegisterOnline 800 PROMIS
6
PresenterDr. Jamal AlBahar, PMP, VMA, RMP

 COURSE INTRODUCTION

What is Value Engineering (VE)?

A method to optimize savings during Design/Procurement Process in Oil and Gas projects without sacrificing quality, functionally or client’s needs and requirements.

  • A proven problem solving process adaptable to engineering design and construction of Oil and Gas Projects.
  • A tool that increases design professional capabilities and stature.
  • Value Analysis (VA)/ Value Engineering (VE) is a step-by-step analysis and problem solving methodology.
  • VE/VM is NOT A CHEAPENING PROCESS! . It is a management tool for maximizing performance, reliability and quality at the lowest possible cost.
  • An organized process to identify and remove unnecessary cost from a project and achieves the best balance between Function and Cost.

The techniques used in the VE/VM workshop will be of major significance to those involved in design plans, engineering, procurement, and construction projects.

Participants will gain the knowledge necessary for evaluating projects on the basis of functions performed, rather than on the cost expanded.

 

WORKSHOP OBJECTIVES

The value methodology has three universal characteristics: it stimulates creativity and innovation, and it emphasizes the need for complete information. Value engineering improves value by relating the elements of theutility function to the element of the cost to put money where it does the most good!

The objectives of the VE Workshop are to introduce the concept of VA/VE to demonstrate its application and techniques. The course of the study provides practical knowledge in creativity, weighted evaluation, life cycle costing, FAST diagramming and project selection.

Upon completion of this workshop, the participant will be able to identify functions of a project, allocate cost & worth to basic functions, apply creativity, judge alternatives designs and schemes, apply life cycle costing, develop cost model, and understand the value concept.

The workshop format includes the method and theory of value and class workshop session to apply the techniques to a selected project provided by for the purpose of the workshop. Team effort and the ability to work with other is emphasized over individual performance. It is recommend having Engineers and other individuals, Non-Engineers, from different disciplines and specialization, such as procurement and administration in this VA/VE Workshop along with procurement and contracts officers. In other words, technical as well as non-technical individuals working together will enhance the output of the VE workshop.

 

WHO SHOULD ATTEND

  • Department Managers, Sections and Units Heads
  • Senior/Junior Engineers from different disciplines: Electrical, Mechanical, Industrial, Civil and others
  • Contracts Officers
  • All Individuals involved in Design, Procurement and Construction of projects

PROGRAM

Day One 

What is value engineering, VALUE ANALYSIS and value management?

  • Opening Comments by Management
  • Introduction
  • Purpose of Value Analysis and Value Engineering Training Workshop
  • History of Value Analysis and Engineering
  • Definition of Value Analysis, Value Engineering and Value Management
  • Value Engineering Concepts and Principles - Function, Cost and Worth!
  • Value Engineering Applications
  • Life Cycle Costing (LLC)
  • The VM Job Plan and Methodology

The Information Phase

  • The Information Phase of the VE Job Plan  - Overview
  • Information Gathering
  • The Function Approach
  • Function based Models
  • Cost, Energy and Life Cycle  Models
  • Examples of VA/VE – Why Unnecessary Costs Exist
  • Team Member Selection
  • Habits and Attitudes

Day Two

The function analysis phase 

  • What is Function Analysis?
  • Function-Cost-Worth Analysis?
  • Development of Function Logic Diagrams  - F.A.S.T. Diagrams
  • Examples of Function Analysis
  • Associate “Worth” to each “Function”
  • Cost/Value & Cost/Worth Ratios
  • Multi Discipline team approach
  • F.A.S.T. Workshop
  • Cost-Function Workshop

Day Three 

The “speculative” creative phase 

  • The Creativity Process, Team Dynamics
  • Create by Primary Function or Secondary Function
  • Creativity Techniques
  • Brain Storming, Delphi, Force Field Analysis
  • Idea Listing and Ranking
  • Suspend Judgment till later stage!

Day Four

 The evaluation  “judgment” phase 

  • Evaluation Techniques
  • Decision Analysis
  • Weighted Evaluation
  • Idea comparison
  • Criteria Establishment
  • Alternative costing (Construction, Operation)
  • Life Cycle costing with Escalation and Inflation
  • Present Worth Method
  • Annualized Method
  • Matrix Evaluation
  • Evaluation Workshop

Day FIVE

The RECOMMENDATION phase

The development STAGE 

  • Assess Alternatives and Develop Firm Costs
  • Develop Written Proposals
  • Assess Proposal Quality
  • Strategies for Implementation and Follow Up Plan

The presentation STAGE

  • Presentation of Recommendation to Management
  • Objectives
  • Tasks
  • Procedures
  • Oral Presentation Techniques
  • Workshop to Prepare Status Reports

Implementation and follow-up STAGE

  • Integrating Value Engineering into the Organization
  • Expedite Change
  • Assist Decision Makers
  • Resolve Problems
  • Minimize Delays
  • Follow-up
  • Team Reports Workshop
  • Management Comments
Media Attachments