An Intensive Professional
Development Training Course on

Value Engineering Skills

Building practical skills to assess value, improve performance and strengthen profitability

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Why Choose This Course

The Value Engineering Skills Training training course equips project, engineering and cost management professionals to apply a comprehensive, structured Value Engineering methodology in practice. It develops capability in the VE Job Plan, Function Analysis System Technique, creative-phase facilitation, evaluation methods and life-cycle costing. Participants also strengthen professional presentation and reporting skills aligned with SAVE International certification standards. Applied rigorously, Value Engineering challenges assumptions and analyses function to identify savings and performance improvements missed by conventional reviews, while delivering required performance at lower cost.

Learning follows the complete VE Job Plan, beginning with project scoping and stakeholder analysis before progressing to FAST diagram development and function cost and worth analysis. It then covers creative brainstorming, quantitative evaluation and life-cycle costing across the full project lifecycle. The process concludes with alternative selection, action planning and oral presentations to senior management and stakeholders. A continuing case study connects learning across all five days, supporting professionals seeking rigorous VE practice, effective facilitation, clear communication and an understanding of the SAVE International certification pathway.

This Value Engineering Skills Training training course will highlight:

Applying the complete VE Job Plan from project scoping to action planning
Developing FAST diagrams and analysing function cost and worth
Facilitating creative brainstorming to generate lower-cost performance alternatives
Using quantitative evaluation and life-cycle costing to assess alternatives
Selecting alternatives and presenting them to senior management and stakeholders
Producing professional reports and understanding the SAVE International certification pathway

Why Choose Value Engineering Skills Training

Course Goals

What are the Goals?

The Value Engineering Skills Course aims to build comprehensive VE competence throughout the entire Job Plan — covering project scoping, function analysis, creative idea generation, quantitative assessment, life-cycle costing, and professional report preparation.

Upon completing this course, participants will be able to:

Explain value, Value Engineering, and the scope of a VE study, and use VE principles throughout project phases
Evaluate stakeholders and effectively manage VE team dynamics during a VE study
Use the VE Job Plan Information Phase procedures and describe why function analysis is required in project environments
Determine project functions, choose suitable function diagrams, and create FAST diagrams that illustrate relationships between project functions
Compute function cost and worth, recognise value mismatches, and use creative facilitation skills to address barriers to creativity
Use creative thinking methods and facilitate effective brainstorming sessions to produce project alternatives
Use subjective and quantitative evaluation approaches, including paired comparison and the Analytical Hierarchy Process, for project decision-making
Compute life-cycle costs and Net Present Value, and use cost-estimating methods for project alternatives
Choose preferred alternatives, prepare action plans, and create professional VE study reports
Communicate VE findings effectively to senior management and stakeholders through structured oral presentations and interpersonal communication skills

Who is this Training Course for?

This Value Engineering Skills Training training course is designed for:

Value Engineers
Project Managers
Programme Managers
Engineering Managers
Design Engineers
Cost Engineers
Cost Estimators
Procurement Managers
Contracts Managers
Project Controls Engineers

Learning Approach

How will this Training Course be Presented?

The Value Engineering Skills Course uses a structured learning approach aligned with the Job Plan and reflecting the real sequence of a VE study — progressing from project scoping and function analysis to creative brainstorming, quantitative evaluation, life-cycle costing, action planning, and professional presentation. Each day focuses on a separate VE Job Plan phase, developing complete, integrated capability across the entire methodology.

A continuous case study is developed progressively across all five days, with workshops incorporated into every phase and a post-course assessment measuring delegates' capability development.

Delivery approaches include:

Instructor-led sessions addressing VE principles, Job Plan phases, function analysis, evaluation methods, and presentation techniques
FAST diagram workshop building practical function analysis capability through the Function Analysis System Technique
Brainstorming case study workshop using creative facilitation techniques to produce project alternatives
VE certification pathway review exploring SAVE International study levels and the requirements delegates must meet to pursue formal VE certification

The Course Summary & Outline

Day 1

Understanding Value Engineering and its Application
Day 2

The Information and Function Analysis Phase – Expressing Project Needs and Constraints
Day 3

The Creative Phase - Inspiring Creativity in Your Team
Day 4

The Evaluation Phase - Making Informed Project Decisions
Day 5

The Presentation and Reporting Phases – Getting Results through Effective Communication

The Value Engineering Skills training course begins with the concepts, principles and development of value engineering, examining the relationship between value, function, quality and cost and its connection with project management. The agenda then progresses through preparation, information gathering and function analysis, including project objectives, stakeholder requirements and value drivers. It also covers defining and classifying functions, assessing cost and worth, and applying function analysis and FAST diagramming to identify opportunities for improving value.

The course then moves from analysis to the creative generation of alternatives, considering creative thinking, idea generation and the factors that can restrict creativity before potential ideas are screened against relevant criteria. Selected proposals are developed through technical and economic assessment, including cost estimating, life-cycle costing, risk and comparison of alternatives. The concluding topics integrate the development, presentation and implementation stages, covering recommendations, action planning and the communication of proposals while bringing together the successive phases of the value engineering process.

Recognition

Certificate

Delegates who successfully complete the Value Engineering Skills Training training course are awarded the Wallstreet Academy Certificate of Completion, recognising their achievement and commitment to professional development. Participants receive 25–30 credits, with the final allocation based on their verified attendance throughout the course.

Each Guided Learning Hour represents 60 minutes of attendance. Attendance is documented in line with the quality management principles of ISO 9001:2015, supporting accurate and consistent record-keeping.

Frequently Asked Questions

This course focuses on developing value engineering skills to improve performance and profitability. It connects value engineering with stronger organisational or business results. The available course information does not specify individual topics or methods.

You will develop skills related to value engineering. The training positions these skills as a way to support better performance and profitability. The course information does not list the specific tools, techniques or exercises included.

The course links value engineering skills directly with improving profitability. It is designed around the idea that value-focused skills can contribute to stronger financial results. The available description does not specify particular profitability methods or targets.

No, the stated focus is broader than cost reduction alone. The course subtitle emphasises both improving performance and profitability through value engineering skills. However, the available information does not detail how costs or other value factors are addressed.

The main objective is to help participants use value engineering skills to improve performance and profitability. These two outcomes form the central focus of the training. Specific learning objectives are not provided in the course information.

Performance improvement is one of the course’s two stated areas of focus. The training approaches this through the development of value engineering skills. No specific performance measures or improvement frameworks are identified in the available information.

This course is relevant to people seeking to build value engineering skills for improved performance and profitability. The provided course information does not name particular job roles, industries or experience levels. Prospective participants should assess its stated focus against their professional responsibilities and goals.

The intended outcomes are stronger value engineering skills and a clearer focus on improving performance and profitability. The course is centred on connecting these skills with practical business outcomes. Specific assessments, deliverables or measurable targets are not stated in the available course information.