Course Description

This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using ?MS-Excel? applications. Value Engineering is a structured, function-oriented approach to cost reduction which yields savings without compromising quality, performance or usefulness. In fact, the design alternatives developed through the value engineering process invariably result in significant cost savings with equal or improved functional value. A knowledge and understanding of the value engineering methodology is becoming increasingly important to construction professionals. More industries and corporations than ever before using Value Engineering to realize the greatest value from limited financial resources. Within the worldwide construction industry numerous and other bodies involved in design or construction are including contractual requirements for VE studies on their projects. These courses must usually be conducted by a Certified Value Specialist (CVS) and in many cases, course team members are required to have completed a 32 ? hour VE training course.This VE training course meets the above need and will count towards the qualifying requirements for an VMA or CVS application to the Society of American Value Engineers (SAVE). The course has been designed to appeal to individuals in all areas of the construction industry. Owner representatives, planners, architects, suppliers and other decision-makers can all benefit by the learning process and techniques of Value Engineering. As an integral part of this VE training course, you will participate in an actual value engineering team study working on a real construction project to help you gain an indepth understanding of how and why Value Engineering gets results. During the four days of intensive instruction and ?hands-on? effort, you will be shown how value engineering can work for you, in your organization and on your particular projects. The purpose of the VMA exam is to test an individual?s knowledge of the Value Methodology. Only individuals who have completed an approved VMF 1 course can take the VMA exam.A score of 70% or above (42 or more questions answered correctly) must be achieved to pass the exam. If the candidate fails, they may retake the exam in 30 days up to three times in a one-year period. After the third failure, the candidate must reapply from the beginning.

TRAINING METHODOLOGY

This interactive training course includes the following training methodologies:

30 % Lectures
20 % Workshops & Work Presentations
20 % Case Studies & Practical Exercises
30 % Videos, Software & Simulators

In an unlikely event, the course instructor may modify the above training methodology for technical reasons.

VIRTUAL TRAINING (IF APPLICABLE)

If this course is delivered online as a Virtual Training, the following limitations will be applicable:

Certificates	:	Only soft copy certificates will be issued
Training Materials	:	Only soft copy materials will be issued
Training Methodology	:	80% theory, 20% practical
Training Program	:	4 hours per day, from 09:30 to 13:30