Value, in its broadest sense, is the benefit to the client, offered by a project. Value Engineering (VE) is a creative, organized approach that enables providers of a product, service, or project to engage proactively with stakeholders to ensure that project value is optimized, life-cycle costs are reduced, and unnecessary costs eliminated. The VE methodology emphasizes the return-on-investment aspect of decision-making in terms of benefits management during project planning, procurement, and execution. It enables design teams and organizations to identify and evaluate alternative ideas and solutions at any project phase avoiding wasted design and investment effort and deliver the best value solutions that meet client requirements. VE is not about selecting the cheapest option; rather, it is about realizing the best value for money and improving productivity, competitiveness, and effectiveness of organizations in addition to stimulating innovation.
This course is designed to provide the participants with expert guidance for securing real benefits and cost savings by implementing VE in their projects with a greater emphasis on the development of project scope, cost estimates, design solutions, and budgets. Within the project management context, the course significantly enhances creative thinking, problem-solving, objective assessment, and informed decision-making skills.
Understand the fundamental concepts of value engineering and how it supports effective project management by providing a continuous thread of good practice throughout the project development process
Gather and organize information and cost relevant to key elements of the project
Learn how to capture and incorporate stakeholders’ input in the development of the project charter and plan
Critically assess and evaluate the relationships among key attributes such as cost, value, and function
Report effectively to top management and project stakeholders in the context of proposing alternatives that improve the overall project value; and
Objectively present a convincing case in support of certain project alternatives
Project Managers
Operational Excellence Personnel
Operations Managers
Asset Managers
Quality Assurance Personnel.
What is Value?
What is Value Engineering? Why is it important?
Defining Value Engineering concepts and principles
How and when is Value Engineering applied?
Project stakeholders analysis and management
Understanding teamwork and cross-functional Project Teams and team player styles
Overview of Different Value Engineering Phases / Job Plan
The Information Phase – steps and procedures
The need for Function Analysis in projects
Developing FAST Diagrams to identify critical project components and perform project value analysis
Defining project constraints – relationships and trade-offs
Aspects of Cost Estimating
Risk Management
Relationships between Value, Cost, and Worth
Facilitation skills
Creativity and Creative thinking within the project environment
Creativity techniques as applied to optimize project value
Blocks to creativity within the project team
Reaching consensus and leveraging the power of project team collaboration
Idea selection
Evaluation methods and value criteria
Development phase
Techniques in problem-solving
Life-cycle costing analysis
Effective Decision-making in a project environment
Develop action plans and assign project roles and responsibilities
Reporting VE findings to Senior Management and project stakeholders
Integrating VE into the project process and Continuous Improvement and application at project initiation
This course is designed to familiarize students with access control hardware, basic system wiring, software installation, and basic system programming. The purpose of this course is to guide students through the step-by-step process required to ensure the basic functionality of a Lenel access control system. The fundamentals course is the first course in the technical certification curriculum that supports the basic knowledge required for all Professional, Expert, and Design Architect certification tracks.
All businesses in the current environment need a competitive edge. This can be gained through innovative and exciting products and services, or effective and efficient world-class employees. Top performing organizations are passionate about their most valuable resource - their staff. To maintain their high standards a large proportion of their time and energy is spent on continuous professional development, not only of their employees but of their business. This course investigates the tried and trusted management processes, procedures, and methodology used by many blue-chip companies. They use the tools to develop high levels of performance from their staff. This in turn ensures the future and reputation of their companies through innovative development, service, and evaluation. This course offers participants practical solutions to work-related issues.
Get ready to recharge yourself with new energy to propel your career, increase job satisfaction, and add greater value to your organization. This course will show you how. You will learn the combination of attributes and skills you need to accelerate your career positively and successfully along your professional path, now and into the future. Become a positive force for your organization, your customers, and your colleagues.
In this training course, you'll go from beginner to extremely high-level and your instructor will build each algorithm with you step by step on screen. By the end of the course, you will have trained machine learning algorithms to classify flowers, predicting house prices, identify handwritings or digits, identify staff that is most likely to leave prematurely, detect cancer cells, and much more!
The knowledge and skills acquired via this Compliance Regulatory Professionals training course are intended to help participants better understand and support regulatory compliance and enterprise-wide risk management. Additionally, to promote best practices and international standards that match with corporate and regulatory needs, and to deal with the rules, markets, products, and transactions.