Project and ContractValue Engineering and Value Management
Value engineering is often reduced to cost cutting late in a project, which is the one time it cannot work. This course restores it as a structured method applied where it still has leverage. Delegates work through function analysis, which is the technique that distinguishes value engineering from a cost review, and the job plan from information gathering through creativity to evaluation and development. Life cycle costing is covered, since a cheaper capital item is often the expensive choice. Workshop facilitation is practised, including managing the designers whose work is being examined. The course closes on implementation and on auditing whether the savings were realised.
Course objectives
- Carry out function analysis and build a function hierarchy
- Run the job plan through its phases
- Generate and evaluate alternatives without prejudging them
- Apply life cycle costing rather than capital cost alone
- Facilitate a workshop including the designers under examination
- Develop proposals to a level that can be decided
- Implement and audit whether savings were actually realised
Who should attend
- Project and design managers
- Cost managers and quantity surveyors
- Engineering and technical leads
- Procurement and commercial staff
- Value engineering facilitators
Course outline
- 01Why late cost cutting fails
- 02Function analysis and hierarchy
- 03The job plan: information phase
- 04Creativity and alternative generation
- 05Evaluation and life cycle costing
- 06Development of proposals
- 07Workshop facilitation
- 08Implementation and savings audit
Scheduled sessions
| Dates | Venue | Format | Price | Register |
|---|---|---|---|---|
| 25 to 27 November 2026 | Cape Town, South Africa | Classroom | R14,950 per delegate | Register Now |
| 30 November to 2 December 2026 | Dar es Salaam, Tanzania | Classroom | USD 995 per delegate | Register Now |
| 20 to 22 January 2027 | Lusaka, Zambia | Classroom | USD 995 per delegate | Register Now |
| 27 to 29 January 2027 | Online | Online | R6,500 per delegate | Register Now |