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Advanced Value Engineering: Cost-Effective Initiative, Management and Delivery

HRODC Postgraduate Training Institute

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Course Contents, Concepts and IssuesWhat is Value Engineering?Value Engineering History5 Precepts of Value EngineeringAddressing the Problems Through Value EngineeringBenefits of Value EngineeringThe Reasons for Unnecessary CostsWhen to Apply Value EngineeringHow is Value Engineering Done?Concept of ValueVE Methodology and TechniquesVariations in CostInterface with Other ProgramsDemonstrated Impact of VEModule 2: Value Engineering: Practical Applications Project Scope and BudgetElements of the Project Budget Prevalent Budgeting TechniquesContingency AmountCost ControlDefining Project ScopeParameters and Parameter CostThe Capitalized Income Approach to Project Budgeting (CIAPB)CIAPB ObjectivesMeasuring Property ValueThe Meaning of CapitalizationThe Capitalization processThe Need For Cost ControlModule 3: Cost Modelling and Planning for Value Engineering Services Preparation for Cost Models in Advanced value EngineeringIntroductionMaking ModelsConstruction Cost ModelsOther ResourcesTypes of Models Planning for Advanced Value Engineering ServicesVE ObjectivesLevel of EffortVE and Total Project ManagementTeam SelectionThe VE Job PlanModule 4: Advanced Value AnalysisPhase 1 ? Information Phase Phase 2 ? Function PhasePhase 3 ? Creative Phase Idea Stimulator ChecklistPhase 4 ? Analysis/Judicial Phase Analysis/Judicial Phase: Analysis/Development Analysis/Judicial Phase: Analysis/EvaluationPhase 5 ? RecommendationPhase 6 ? Presentation and ImplementationModule 5: Advanced Value Engineering Case AnalysesCase Study 1 - Corporate Office BuildingCase Study 2 ? Hospital and Case Study ComplexCase Study 3 ? Refinery facilityCase Study 4 ? Master Planning CompetitionCase Study 5 ? Application to Design Review Government/Headquarters ComplexCase Study 6 ? Highway Project: South InterchangeCase Study 7 ? Wastewater Treatment PlantModule 6: Practising Advanced Value Engineering Life Cycle CostingDecision Maker?s Impact on LCCLCC and Total Building CostsLCC Terminology and ExamplesLCC MethodologyApplication of LCC to Buildings Integrating Value Engineering into the Construction IndustryPlanning and DesignConstructionMaintenance and Operations (M&O) Module 7: Project Life Cycle, Creative Thinking and CostingPlanning ? conceptualization, analysis, proposal, justification, agreementDoing ? start-up, execution, completion, hand overChecking ? reviewActing ? feedbackDevelopment of a Project Life Cycle, Project Brief and ProposalThe Management of ChangeThe Systems Approach to Project ManagementThe requirements of successful Project ManagementBalancing Costs and BenefitsManaging the Planning ProcessCritical Incident AnalysisProject Control MechanismThe Value Chain: Adding Value To Processes, Products and ProcessesProject Decision-makingProject Coordination: The 5 Bases of Co-ordinationDeveloping a CATWOE Focus of project managementModule 8: Employee Resourcing, Interpersonal Relations and Staff Management for Advanced Value Engineering Worker Commitment and Job DesignMoral Commitment -Remunerative Commitment -Calculative Commitment;Recruitment and Selection as a resourcing activityJob DesignTypes of Job DesignMechanistic Job DesignBiological Job DesignMotivational Job Design. ? Salient Issues in Recruitment and Selection for Advanced Value EngineeringSystematic Recruitment and Selection ProcessConducting Job AnalysisDesigning Job Description Designing Personnel SpecificationMarket TargetingDesigning and Placing AdvertisementWeighting and Using Candidate Assessment Form (CAF)Non-conventional Personnel SelectionThe value of Staff InductionThe Concept of Motivation ? Motivating Workers for Advanced Value EngineeringTheories of MotivationContent Theories & Some of Their ContributorsMaslow?s Hierarchy of Needs Analysis of Maslow?s ClaimsMcClelland's Studies Taylor: Money & Motivation Motivator-Hygiene Factor: Herzberg?s ContributionProcess TheoriesEquity TheoryGoal-Setting TheoryExpectancy TheoryEquitable Reward SystemsReinforcement TheoriesReinforcement TheoryMotivation & Contingency TheoryDesigning An Effective Motivation Strategy Module 9: Risk Management in Advanced Value AnalysisDefining riskContextualizing Risk Formulating Risks StatementsRisk ExamplesNon-Risk ExamplesProposal RiskPerformance RiskManagement?s perception and calculation of riskRisk probability and improbabilityThe traditional ?number line? and traditional risk management calculation ? Risk-Improbability Scale Or Continuum? Understanding risk in organisationsAnalyzing and identifying risk in organisationsDeveloping strategies and approaches to treat and manage riskWhat is Risk Management?Continuous Risk Management ExampleNon-Continuous Risk Management ExampleEvaluating likely risks and consequences Assessing the options for accommodating risks Prioritizing risk management efforts Developing risk management plans Authorizing the implementation of risk management plansThe context of risk management in organisationsThe link between Risk Management and Governance arrangements Risk Management Standards The differing levels of risk within an organization, business risk, project risk and process risk Developing criteria for determining acceptable levels or residual risk Module 10: Crisis Management: Security and Natural Disaster Recovery in Advanced Value EngineeringContingency PlanningContinuity Management and Disaster RecoveryRecovery Planning Recovery Planning and LogisticsBusiness Continuity ManagementIntroduction to BS 25999: Business Continuity ManagementBusiness Recovery Management

Course Contents, Concepts and IssuesWhat is Value Engineering?Value Engineering History5 Precepts of Value EngineeringAddressing the Problems Through Value EngineeringBenefits of Value EngineeringThe Reasons for Unnecessary CostsWhen to Apply Value EngineeringHow is Value Engineering Done?Concept of ValueVE Methodology and TechniquesVariations in CostInterface with Other ProgramsDemonstrated...

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