Training Course in Value Engineering for Smarter Operations and Maintenance (Online / Remote)
1Summary
Rising repair bills, repeated breakdowns, and maintenance teams that never seem to have enough spare parts on hand — these are the everyday signs of a maintenance operation still stuck in traditional thinking. The costs keep climbing, but the reliability rarely improves.
This course from the Arab British Fellowship Training Academy introduces value engineering as a structured way out: a functional analysis approach that improves performance and cuts cost by focusing on what a process or asset is actually meant to do, without compromising quality or reliability.
Participants move from the core principles of value engineering through to its hands-on applications in equipment maintenance, spare parts management, and process improvement, building the skills to spot waste and design workable, value-driven solutions.
2Objectives and target group
Who Should Attend?
- Engineers and technicians working in operations and maintenance.
- Project managers and technical department heads in industrial and service facilities.
- Quality management and institutional development officers.
- Consultants and planners aiming to improve performance and reduce costs.
Knowledge and Benefits:
By the end of the programme, participants will be able to:
- Understand the fundamental principles of value engineering and its fields of application.
- Analyse the functions of operational and maintenance systems to improve performance.
- Apply practical methods to reduce cost without affecting quality or efficiency.
- Design innovative, value-based solutions and integrate them with asset management and preventive maintenance.
3Course Content
Module 1: The Real Cost of Traditional Maintenance
- Rising costs of repairs and repeated failures.
- Lack of efficiency and poor utilisation of maintenance resources.
Module 2: What Value Engineering Actually Means
- Definition of value and its types; the relationship between function and cost.
- Origins and development of value engineering.
- Its contribution to waste reduction, engineering innovation, and management decision quality.
Module 3: The VE Method: From Functions to Analysis
- Stages of value analysis and the difference between value analysis and cost reduction.
- Defining primary and secondary functions, and methods for formulating and analysing them.
- Classifying functions by importance and the relationship between function cost and performance.
Module 4: Functional Analysis Tools and Techniques
- The FAST method (Function Analysis System Technique) and cross-functional analysis.
- Using illustrative diagrams for value analysis.
- Using performance data to support decisions, and applying cost-function matrices.
Module 5: Applying VE on the Shop Floor
- Improving efficiency of production processes and reducing unplanned downtime.
- Evaluating low-cost operational alternatives.
- Compatibility with total quality management and integration into resource planning.
Module 6: Redesigning Maintenance and Spare Parts Management with VE
- Applying value analysis in maintenance planning and improving preventive maintenance programmes.
- Reducing unnecessary spare parts inventory and selecting suppliers based on performance value.
- Improving asset lifecycle through functional analysis.
Module 7: Making Value Stick: Continuity and Decision Support
- Adopting a culture of continuous improvement and periodic review of functions and costs.
- Using value reports in decision-making and evaluating the financial impact of recommendations.
- Allocating resources according to functional priority.
Module 8: Connecting Value Engineering to Organisational Strategy
- Aligning value analysis with institutional objectives.
- Supporting strategic plans with well-planned maintenance.
- Achieving competitive advantage through smart cost management.