“Value” is the ratio between benefit (outputs) and the cost or effort (inputs) required to achieve it.
Value management (VM) and value engineering (VE) are both engaged with increasing this ratio, however, often separated in terms of their timing and their scale.
Why Value Engineering ? Value Engineering will teach you:
- Skills for organizing a VM effort,
- Structuring a job plan,
- Analyzing the functions of systems, equipment,
- Facilities and supplies to achieve the lowest life-cycle costs
- Maintaining the essential values of safety, performance,
Learn About :
Value Engineering (VE) and Value Management (VM) concepts, principles, definitions
Value management process and steps
Advantages of VE and VEM
A comparison of the features of VE and VM
How and when to carry out VE and VM
Identifying the value criteria and KPIs for a project
Prioritizing and weighting alternative technical solutions
Possible problems when carrying out VE and VM
Designing large-scale VE.VM programs
6-step value management job plan
Team composition and leadership
Want to learn more ?
Visit tonex.com for Value engineering training and workshop
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