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Advanced Value Engineering for Petroleum - Oil and Gas - Engineers

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 EngineerinBenefits 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: Engineering Applications Project Scope and BudgetElements of the Project BudgetPrevalent Budgeting TechniquesContingency AmountCost ControlDefining Project ScopeParameters and Parameter Cost The 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 ServicesPreparation for Cost Models in Advanced value EngineeringIntroductionMaking ModelsConstruction Cost ModelsOther ResourcesTypes of Models Planning for Advanced Value Engineering ServicesVE ObjectivesLevel of EffortTeam SelectionThe VE Job PlanVE and Total Project ManagementModule 4: Advanced Value Analysis for EngineersPhase 1 ? Information PhasePhase 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 ? The Drilling Site preparationCase Study 2 ? The Workover OperationCase Study 3 ? Resolving the Offshore Rig ProblemCase Study 4 ? Master Planning CompetitionCase Study 5 ? To ?Complete? or ?Abandon Well?: The Multi-Million Dollar DecisionCase Study 6 ? The value of the ?Christmas tree?Case Study 7 ? ?Christmas Tree? to ?Oil and Gas Terminal?: Efficiency or WasteModule 6: Practising Advanced Value Engineering Life Cycle Engineering CostingDecision Maker?s Impact on LCCLCC and Total Building CostsLCC Terminology and ExamplesLCC MethodologyApplication of LCC to Buildings Integrating Value Engineering into the Construction IndusPlanning and DesignConstructionMaintenance and Operations (M&O)Module 7: Project Life Cycle, Creative Thinking and Engineering CostPlanning ? 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 forAdvanced Value Engineering for Petroleum ? Oil and Gas EngineersWorker 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.Perceptual Job DesignPerceptual Job Design? Salient Issues in Recruitment and Selection for Advanced Value EngineeringSystematic Recruitment and Selection ProcessConducting Job AnalysisDesigning Job DescriptionDesigning 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 NeedsAnalysis of Maslow?s ClaimsMcClelland's StudiesTaylor: Money & MotivationMotivator-Hygiene Factor: Herzberg?s ContributionProcess TheoriesEquity TheoryGoal-Setting TheoryExpectancy TheoryEquitable Reward SystemsReinforcement TheoriesReinforcement TheoryMotivation & Contingency TheoryDesigning An Effective Motivation StrategyDesigning An Effective Motivation StrategyModule 9: Risk Management in Advanced Value Analysis for EngineersDefining riskContextualizing RiskFormulating Risks StatementsRisk ExamplesNon-Risk ExamplesProposal RiskPerformance RiskManagement?s perception and calculation of riskRisk probability and improbabilityThe traditional ?number line? and traditional risk management calculat? 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 consequencesAssessing the options for accommodating risksPrioritizing risk management effortsDeveloping risk management plansAuthorizing the implementation of risk management plansThe context of risk management in organisationsThe link between Risk Management and Governance arrangementsRisk Management StandardsThe differing levels of risk within an organization, business risk, project risk andprocess riskDeveloping criteria for determining acceptable levels or residual riskModule 10: Crisis Management: Security and Natural Disaster Recovery inContingency PlanningContinuity Management and Disaster RecoveryRecovery PlanningRecovery Planning and LogisticsBusiness Continuity ManagementIntroduction to BS 25999: Business Continuity ManaBusiness Recovery Management

Course Contents, Concepts and IssuesWhat is Value Engineering?Value Engineering History5 Precepts of Value EngineeringAddressing the Problems Through Value EngineerinBenefits 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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