Value Engineering and Management ( VE & VM)

Value Technical (V.E.) is a well-known and well-accepted methodology in the industrial and engineering industries. It is a well-organized procedure with a proven track record of increasing value and quality. The value engineering process identifies opportunities to eliminate needless expenses while ensuring that quality, reliability, performance, and other essential criteria meet or exceed customer expectations. Value engineering improvements are the outcome of recommendations made by interdisciplinary teams representing all parties involved, therefore V.E. is a thorough, systematic effort to improve the value and optimise the facility’s life cycle cost.

Value engineering provides critical project services at the lowest cost. Value engineering substitutes cheaper materials and technologies without affecting functionality. It focuses on the functionalities of components and materials, not their physical properties. Value engineering is value analysis. Horizons IPM Uk can provide Value Engineering for the construction companies.

• Value engineering provides a project’s necessary functionalities at the lowest cost.
• Value engineering substitutes cheaper materials and technologies without affecting functionality.
• It focuses on the functionalities of components and materials, not their physical properties.

Understanding Value Engineering

Value engineering techniques can be used to achieve a variety of goals, including saving money, reducing time, improving quality, reliability, sustainability, and performance, and contributing to the improvement of human factors such as attitudes, creativity, and teamwork. Value engineering also extends the use of financial, manpower, and material resources by eliminating unnecessary or excessive costs without sacrificing quality or performance.

Unnecessary costs that result in poor value are typically caused by one or more of the following factors: a lack of information, a lack of ideas, temporary circumstances, honest incorrect beliefs, habits, and attitudes, a change in requirements, a lack of communication and coordinates, and out-of-date standards and specifications.

Define the concept of quality and value for their businesses; apply value engineering principles in their projects; eliminate unnecessary costs; apply Function Analysis Techniques; understand the fundamentals of defining and selecting among alternatives; maintain the teamwork concept in their work; and apply creative solutions in projects through effective brain storming techniques.

• An introduction to value and quality and their relationship
• What exactly is value?
• Organizational Benefits of VE / VM
• The Goals of VE Research
• VE in Contracts
• VE Job Description
• The VE information phase
• Techniques for Function Analysis and FAST Diagrams
• Phases of creativity, innovation, and conjecture
• team building
• Phase of development and weighted evaluation matrix
• The concept of Life Cycle Costing (LCC).
• The period of recommendation and presentation
• VE case studies across various industries
• Workshops on VE
• Case Studies of Trainees
• Program Completion