Value Engineering in Projects
Value Engineering in Projects
Guidelines and principles of Value Management (VM) And Value Engineering (VE)
Understanding the application and advantages of Value Engineering in order to identify core problem areas and designing cost effective solutions
Course Leader:
Pr Tech Eng. CVS (Life) and expert in Value Engineering and Value Management, VM Services PTY Ltd
PMI will awar d Category 4: 24 CPU points (1 per course hour) ECSA (SAIMec 0222-02/11) hE award Categorwill y 1: CPD points 3
This course will equip you with the most essential tools and techniques to effectively apply Value Improvement Practices (VIPs) such as process simplication and technology selection to ensure successful project completion.
20 22 September 2011
Cabanga Conference Centre, Northgate, Johannesburg
Kurt J Huber
Pr Tech Eng. CVS (Life) and expert in Value Engineering and Value Management VM Services PTY Ltd
Functional thinking: Ensuring proper data preparation to develop a comprehensive understanding of the project or proposal and outlining the desired objectives
09h00 SESSION 1:
Introduction to the Value Engineering (VE) terminology, concepts and benets as applied in the engineering design and project management applications
Determine the purpose of a VE intervention Discussion on who should be involved in the VE study, workshop, session Planning of VE study, workshop, session Duration Venue Agenda
Dening VE as a tool to optimise value by prioritising all functions within a project or challenge to identify how best to achieve value-added outcomes Understanding the benets that can be achieved by implementing VE in the early design stages of a project Learning various advantages and applications of VE on strategic, tactical or technical opportunities in projects Dening the Value Engineering think plan Introduction to Value Improvement Practices (VIPs)
Information gathering and sharing Explaining the main concepts, project objectives, design constraints, specications and estimated costs
Various tools and techniques for gathering and sharing information to establish greatest cost saving potential or improvement Paretos Principle (80-20) Value Inuence Curve Gathering information Listing of Issues and Concerns Determining required outcomes by applying the Objective Matrix Objective Setting Outcomes to achieve Outcomes to prevent Obtainable resources Possible constraints
Understanding the complexities of interactive forces at work in groups Establishing the practicalities and techniques that will ensure free ow of information in teams Managing change through the development and application of a specic course of action to ensure constructive permanent improvement Sigmoid Curve First Order Change and Second Order Change Paradigms / Mindset Application of Johari window principles to improve sharing skills Value Systems Gaining maximum benet from your team diversity
Day 2
08h00 Registration and Early-morning refreshments 08h45 Facilitators opening remarks
Kurt J Huber
12h30 Lunch
Pr Tech Eng. CVS (Life) and expert in Value Engineering and Value Management VM Services PTY Ltd
FAST Diagramming
VE Session Planning and Setting of Objective Small Teams will create a purpose statement, determine correct participation, list issues and concerns and establish a clear objective including environmental inuences.
10h30 Mid-morning refreshments & networking 11h00 SESSION 5:
FAST signicantly contributes to the function analysis phase of the Value Engineering process by graphically mapping out the functions in a FAST diagram. It has developed into a simple yet effective tool for evaluating existing procedures and components to nd more cost effective answers to problems
Dening Functional Signicance: Identifying major project components, determining their functions and assigning an estimated cost to each component
Describing correct functional terms for business needs and / or products, systems, processes Tools and techniques to assess the signicance of information gathering in order to identify specic areas to be addressed Numerical Evaluation and Cause and Effect Graph FAST Diagram (Functional Analysis System Technique) Identifying types of information required to suite the stage of the projects Establishing the purpose to produce accurate and consistent group information, that will satisfy group and business units needs Determining basic and secondary functions and assigning estimated cost to each component Measuring value as a ratio of Function to Cost to visibly expose the functional costs while maintaining clarity of functional priorities and duplication
Day 3
08h00 Registration and Early-morning refreshments 08h45 Facilitators opening remarks
Kurt J Huber
Pr Tech Eng. CVS (Life) and expert in Value Engineering and Value Management VM Services PTY Ltd
09h00 SESSION 6:
Creative Phase - Considering alternatives for each selected project function and advocating alternative means of accomplishing the function within the project
Differentiating between digital and analogue processing in order to stimulate creativity Creating an organisational environment that will support innovation and free ow of ideas Stimulating idea generation and creativity by using different resourceful techniques such as: Brainstorming Creative Synthesis Lateral thinking Random word
Small Teams will identify the functional requirements for achieving the Objective. An evaluation of the functions against priority will show results based on Paretos Principle (80-20).
09h45 SESSION 7:
15h15
Container Terminal Expansion (Logistics) New Process Plan t ( Mining) On Shore / Off Shore Facility Expansion Project (Oil / Gas) Product Optimisation (Automotive)
Investigation Phase: Further ensuring correct decision making by measuring recommendations against cost justication models
Discussion on cost benet and other investigation techniques Feasible study Life Cycle Cost Modelling NPV Dening the Risk Assessment process to evaluate the probability and effect of an identied adverse consequence and/or potential problem
Presentation phase Preparation of effective recommendations to enhance the decision making quality
Methods for successful preparation of effective proposals and recommendations Preparing proposals that will suite the specic approving manager and/or client Conducting proper management reports to enhance the decision making quality Designing appropriate proposal formats
Implementing the proposal by application of the principles of project management Designing a detailed plan of action to ensure proper implementation Post Implementation Evaluation to evaluate achieved results (Audit)
Kurt Huber
is currently Chairman of the Standards Generating Group Value Engineering (part of the Engineering SGB of the Engineering Council of South Africa). Kurt graduated from the University of the Witwatersrand as an Industrial Engineer in 1991 and is a Certied Value Specialist (for Life) registered with SAVE International. Swiss born, Kurt is also an appointed part time member of staff at the University of the Witwatersrand since 1994. He also lectures at various Business School. He has over 24 years of Value Engineering experience. He facilitated more than 350 Value Engineering Workshops / Studies and lectured in the Value Engineering / Value Management Methodology to over 3000 People Worldwide.
From Pretoria:
Take the Pta > Krugersdorp R28 highway Go past the R511 Sandton/ Hartebeespoort Dam off-ramp Take the R512 Lanseria/ Randburg off-ramp Turn left at the off-ramp Straight for 7,9km till the trafc light intersection with the TOTAL/SHELL petrol stations Continue straight over Northumberland Rd for 2km till the trafc light intersection At Northriding & Banbury Crossing Shopping Centre turn right into Olievenhout Rd Go through the 1st trafc lights and then turn right into Montrose Ave Cabanga is on the left side