Application Methodology – Value Improvement Practices
VALUE MANAGEMENT
Value Management
2 day training programme
Value Management is not simply a training course, but a value adding, innovative thinking methodology that equips one with much needed creative decision-making and group interaction skills. The programme contains techniques for cost optimisation – product / process / system design & improvements – procurement – customers interacts – industry forums – team building (with strategic focus/alignment), whilst overcoming problems associated with people, be they engineers, accountants, sales people, customers, suppliers or anyone requiring creative solutions for difficult problems. This dynamic methodology focuses the collective wisdom of a divergent group, where the process enables them to systematically define common objectives, functionally prioritising what needs to be done and then creatively identifying how best to achieve the desired results.
The unique and paradoxical combination of functional focus & creative thought will ensure that you are equipped to manage projects successfully.
Value Management is based on the principles of the Value Engineering Methodology. 
Objectives of Learning Programme
An introduction to the advantages & applications of Value Engineering and Value Management with the objective of achieving; reduced costs, increased profits, greater value, team working, increased time savings, simplified procedures, improved resource usage, decreased project and future operation & maintenance costs.
INTENDED AUDIENCE :
Operational Management: Engineering & Project Management, Supply Chain Management: Procurement, Financial Management, Human Resources, Strategic Decision Makers…
CPD Points: 2 Category 1
VALUE ENGINEERING IN PROJECTS
3 day training programme
Value Engineering in Projects is designed to apply the Value Methodology within the Engineering & Project Management Environment, applying Value Improvement Practices (VIP) to ensure successful project completion by: 
Simplifying Processes
Selecting Better Technologies
Eliminating Non-Critical Items
Increasing Reliability
Facilitating Project Execution
METHODOLOGY applied for both courses:
Value Engineering is the decision-making methodology of “Value Engineering in Projects”
Included are the principles of Value Management, VIP’s and Project Risk Assessments.
Learners will be able to understand when and how to apply Value Engineering within Engineering & the Project Management process.
The learner will be able to plan the following VIP’s:
Design to Capacity
Process Simplification
Infrastructure Optimisation
Constructability Review
Technology Selection
Customisation of Standards and Specifications
All of which contribute to good Engineering principles & Project Management governance & insight to Project Risks
CPD Points: 3 Category 1
VALUE ENGINEERING & VALUE ANALYSIS
4 to 5 day training programme
The Value Engineering & Value Analysis short learning programme is all about understanding the advantages & applications of Value Engineering; understanding group dynamics to get the most from your team; to obtain techniques to assess the relevance of information gathered in order to identify core problem areas to be addressed through your Value Engineering task; defining the problem to be examined in order to ensure valid information is collected; defining Functional significance; apply tools for designing cost effective Solutions; & learn how to implement a Value Engineering driven assignment. 
METHODOLOGY
Value Engineering is the decision-making methodology. Value Management principles plus FAST diagram and Function / Cost Analysis are the main areas of learning and since an extra day is spend in the learning environment, it allows for more practical applications.
LEARNING OBJECTIVES
The main aim of this course is to:
- Introduce the Value Engineering methodology as applied in project & operational management applications.
- Apply the Value Engineering methodology to products, systems & processes and strategic decision making.
- Understand the application of Value Improvement Practices (VIP’s)
INTENDED AUDIENCE for both courses
Engineers, Technicians, Project Manager, Project Engineers, Programme Managers, Project Support.
CPD Points: 4 Category 1
INNOVATIVE DECISION THINKING through VALUE MANAGEMENT
4 day training programme
Innovative Decision Thinking through Value Management (IDT) is not simply a training course, but a value adding, innovative thinking methodology that equips one with much needed creative decision-making and group interaction skills. The programme contains techniques for improving designs, processes and productivity whilst overcoming problems associated with people, be they engineers, accountants, sales people, customers, suppliers or anyone requiring creative solutions for difficult problems. This dynamic methodology focuses the collective wisdom of a divergent group, where the process enables them to systematically define common objectives, functionally prioritising what needs to be done and then creatively identifying how best to achieve the desired results.
The unique and paradoxical combination of functional focus & creative thought will ensure that you are equipped to manage projects successfully.
Objectives of Learning Programme
An introduction to the advantages & applications of Value Engineering and Value Management with the objective of achieving; reduced costs, increased profits, greater value, team working, increased time savings, simplified procedures, improved resource usage, decreased project and future operation & maintenance costs. 
On completion participants will be capable of:
- Understanding the significance of how changes in customer expectations, how technologies and processes affect present and future business practices and product designs.
- Defining functional requirements (the what’s) of a system, product or process in order to establish, & prioritise, the ‘life cycle’ value drivers.
- Applying creative thought processes (the how’s) enabling ‘out of the box’ thinking whilst maintaining required functional integrity & quality.
- Ensuring that the best choice solutions are adequately measured, evaluated & recommended for maximised value to the organisation.
Who should attend:
All decision-makers that have an impact on cost, from initial concept to hands on operations.
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VALUE IMPROVEMENT PRACTICES
1 day training programme
Purpose
To serve as a reference to twelve out of the ordinary project best practises that are designed to improve cost, schedule or operational performance of a capital project.
To provide an overview of the key principles involved, and essential elements of a structured approach to value improving practises (VIPs) which apply to all development stages of a capital project.
To promote the use of value improving practices.
To set out the minimum extent of best practice associated with value improvement. 
Scope
This document; sets out the applicability / appropriateness of VIPs on capital projects and provides a basis for measuring the value added to projects by VIPs.
The standards set out in this document are considered applicable to all capital projects.
Capital projects that are subject to IPA independent review, will be required to demonstrate compliance.
INTENDED AUDIENCE for both courses
Engineers, Technicians, Project Manager, Project Engineers, Programme Managers, Project Support.
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PROJECT RISK MANAGEMENT
1 day training programme
The methodology described in this handbook allows for the application of Project Risk Management for small and large project including Enterprise / Strategic Risk Management.
Objectives of Learning Programme
The Learner will be able to provide a robust approach to risk management that: 
-
- embeds Project Risk Management Principles;
- aligns with the principles of recognised Project Management Risk Assessment techniques;
- reflects best practice within the context of optimising achievement of Projects objectives;
- is demonstrable across all areas of Projects Management; and
- recognises that risk management is an integral part of good management and of execution planning.
INTENDED AUDIENCE
Engineers, Technicians, Project Manager, Project Engineers, Programme Managers, Project Support.