Somewhere in most project budgets sits a specification nobody has questioned in years — a feature, a material grade, or a redundant process that costs real money and delivers no function anyone actually needs. Value Engineering is the discipline built to find that spending and remove it, without touching the performance, quality, or compliance the project genuinely requires.

The Value Engineering for Project Success training course, delivered by Arab British Fellowship Training Academy as part of its Project Management Training Courses, builds that discipline through value analysis, engineering economics, lifecycle costing, and structured workshop methods for generating and testing better alternatives.

Who Should Attend?

• Project Managers and Project Engineers
• Value Engineers, Cost Engineers, and Quantity Surveyors
• Design and Engineering Professionals
• Construction, Infrastructure, and Asset Management Professionals
• Procurement and Contract Management Professionals
• Anyone involved in project planning, design, procurement, or cost optimisation

What You'll Gain

• Distinguish essential project functions from costs that add nothing
• Apply value and functional analysis to identify improvement opportunities
• Use engineering economics and lifecycle costing to evaluate long-term alternatives
• Run a structured Value Engineering study, from information-gathering to recommendations
• Generate, test, and select alternative solutions that preserve required performance
• Apply Value Engineering across design, construction, and procurement decisions
• Measure realised value and embed continuous value improvement into project practice

Module 1: Paying for a Function Nobody Asked For

• Purpose and objectives of value improvement
• Value, function, cost, and performance relationships
• Value Engineering versus traditional cost reduction
• Applications of Value Engineering across project environments

Module 2: Thinking in Functions, Not Features

• Functional analysis concepts
• Identifying primary and secondary functions
• Function-cost relationships and classification
• Identifying unnecessary costs and functional improvement opportunities

Module 3: Getting Value Engineering In Early

• Defining project requirements and establishing value objectives
• Analysing project scope and specifications
• Early-stage value improvement
• Evaluating alternatives and integrating value into project decisions

Module 4: The Economics Behind the Decision

• Engineering economics and economic decision-making principles
• Cost-benefit analysis and investment alternatives
• Present and future value concepts
• Lifecycle costing: capital, operating, maintenance, and replacement costs

Module 5: Where the Money Actually Goes

• Identifying cost drivers
• Optimising materials, systems, and processes
• Cost-performance relationships and balancing cost, quality, risk, and functionality
• Developing cost optimisation alternatives

Module 6: Running a Value Engineering Study

• Information-gathering and preparation phase
• Functional analysis phase
• Creative alternative development
• Evaluation, selection, and developing recommendations

Module 7: Generating and Testing Alternatives

• Creative problem-solving techniques
• Generating alternative design solutions
• Technical and economic feasibility, risk and performance assessment
• Comparative evaluation and selecting optimal solutions

Module 8: Applying Value Engineering Through Design, Construction, and Procurement

• Design optimisation and materials/system selection
• Constructability, construction methods, and productivity
• Supplier and contractor involvement, value-based specifications
• Evaluating supplier proposals and managing recommendations

Module 9: Proving It Worked

• Value performance indicators and cost-benefit measurement
• Quality and functionality assessment, risk-performance trade-offs
• Developing value improvement plans and prioritising recommendations
• Stakeholder approval, implementation responsibilities, and continuous value improvement