Introduction to Value Engineering Workshop

"Preparation & taking the Associated Value Engineering Specialist (AVS) Exam- by SAVE International"

Course #: VE 101 Duration: 5 Days Overview:

Earned PDU: 40 PDUs

April 08 12, 2012

Value Engineering (VE, or Value Analysis) is a management technique that seeks the best functional balance between cost, reliability and performance or quality of a product, project, process or service. It is conducted by a multidisciplinary team composed of experienced and specialized professionals. The VE team is independent of the design team, but its members must have experience in the particular field of the project in question. Working as an extension of the design team, the VE team analyses the project from a function/cost standpoint, providing alternative design suggestions that may improve performance, construction and life-cycle costs. They may also improve construction methods or schedules, and may introduce flexibility into operating or maintaining the project. This course is approved by SAVE International which is recognized worldwide as the standard of the profession, attesting to one's core knowledge and understanding of critical Project Management concepts, principles and techniques. "Certified Value Specialist", "CVS", "Associate Value Specialist", "AVS', "Value Methodology Practitioner", and "VMP" are certification marks of SAVE International and may be used only by individuals who have successfully completed the requirements of SAVE International's certification program and who maintain active certification. By finishing two SAVE International approved Value Engineering Courses below, you will be eligible to enter the AVS exam and becoming certified in Value Engineering and Value Methodology.

Module 1: 40-hour VE Training Workshop.

SAVE International AVS Exam Entry Requirements:

Module 1: 40-hour VE Training workshop
1. 2. Lectures (20 hours) Workshop (20 hours)

This is a practical workshop of 5-days where candidates will be able to apply the Value Methodology to a live project. Also, Participants will be: Introduced to the methodologies and the techniques that help to improve the business. Introduced to some innovative techniques and ideas needed to enhance project and work performance. Explain how Value Engineering can improve project performance, reduce costs, and enhance value. Acquire the necessary behaviors and skills to be an effective Value Engineering team member.

Objectives:
After participation in this WORKSHOP you will be able to: Apply Value engineering for your projects, Service and /or products. Use and benefit from function analysis processes. Ability to compares and chooses between alternative solutions using WEM method. Ability of integrating VE within the design process stage. Ability of developing a systematic approach to avoid unnecessary costs. Ability of developing an effective project team. Ability of integrating of VE with Total Quality Management. Ability to enhance the relationship between employees and customers. Ability to identify the differences between VE and Reengineering. Ability to differentiate between VE, Design Reviews and Cost Reduction

Who Should Attend?

Project managers, Project team members, project engineers, design engineers, project leaders, industrial engineers, program managers, operations managers, functional managers, information technology professionals (IT), Accountants, Financial Managers, Sales Team, Supervisors, Safety Managers and Supervisors and all Individuals need to learn the Value Engineering Methodology and apply them to their projects to add values and improve the rate of return.

Course Materials:
Comprehensive course -In-Book Training material Sample questions for the preparation for AVS exam Associate Value Specialist Exam (AVS) Completion Certificate (40 Contact Hours)

Course Fees: TBA Course Schedule: 08 12 April, 2012

Day 1: Phase Day 2: Phase Day 3: What is Value Engineering?, Information Introduction to Value Engineering. History of Value Analysis and VE. The Purpose of Value Engineering and Value Analysis Value Engineering Concepts and Principals. Quality Concepts and Principals. Define Quality and value Value Engineering Applications & Project (LCC) Overview of Information Phase. Information Phase, Function Analysis Information phase on VE Job Plan. Group work for Information Gathering (Workshop) Function Based Models & Cost, Life Cycle Cost. Team Member Selection. Overview on Function Analysis System. Function cost worth Analysis System Technique (FAST). About FAST Diagram. Group works of Function Analysis System (Workshop) Cost / Value Ratio. Multi Discipline Team Approach. Workshop Creativity Phase The Creativity Phase Process Building a dynamic teamwork. Creative Technique & Positive Thinking Brainstorming Technique, Delphi Workshop (Force Field Analysis). Generating Ideas, Listing and Ranking.

Day 4: Evaluation Phase Selection criteria, evaluation and judgment techniques. Decision Analysis. Weighted Evaluation, idea comparison. Group Works on Weighted Evaluation Matrix. Life Cycle Cost (LCC) with inflation and escalation. Present Worth Method.

Day 5: Development Phase, Presentation & Implementation and follow up. Development Phase Overview. Group Works on Developing Ideas and written proposals. Assessing proposals. Presentation skills (Workshop) Presentation Techniques - Objectives, Tasks, Procedures. Implementing and Integrating VE into the Organization. Assess Decision Making and Resolve Problems. Minimizing Delay and Follow up. General discussion and Closing.

Associated Value Specialist (AVS) Exam

The AVS CERTIFICATE is the first level of professional certification in Value Engineering approved by SAVE International. SAVE International is the premier international society devoted to the advancement and promotion of the value methodology (also called value engineering, value analysis or value management). SAVE International is the leading advocate for the practice of function-based, value-enhancing methods.

The AVS Exam will be conducted at the end of the course (on the Day 5). Exam duration is 2 hours. It is made of two parts as follows: Part one (100 points) 50 questions X 2 points = 100 points Part two (100 points) 20 questions X 2 points = 40 points 15 questions X 2 points = 30 points 5 questions X 6 points = 30 points Subject Value Methodology fundamentals, background, history and job plan Subject Function analysis in general General knowledge of FAST Diagramming Understanding of function logic and relationship between different functions in a FAST diagram

What is the Certification Program?

The Certification Program is composed of two major elements: individual professional certification and educational program approval. The highest level is the Certified Value Specialist (CVS), which is recognition of the individual who has met all certification requirements, both technical and experience, and whose principal career is value engineering. The Associate Value Specialist (AVS) program recognizes those individuals who decided to become professional value engineers but who have not yet acquired all the experience or technical skills expected of a CVS.

For more information, please visit SAVE International website: http://www.value-eng.org/education_certification.php