VALUE METHODOLOGY FUNDAMENTALS
“Applying Value Engineering to Maximize Functionality, Reduce Costs, and Improve Quality Across Projects and Operations”
Course Schedule
| Date | Venue | Fees (Face-to-Face) |
|---|---|---|
| 23 – 27 Feb 2025 | Abu Dhabi, UAE | USD 3495 per delegate |
| 23 – 27 Feb 2025 | Doha, Qatar | USD 3495 per delegate |
| 23 – 27 Nov 2025 | Doha, Qatar | USD 3495 per delegate |
Course Introduction
Value Methodology (VM)—also known as Value Engineering or Value Analysis—is a structured, function-based approach for improving the value of products, services, and processes. By identifying unnecessary costs and enhancing functionality, VM delivers measurable cost savings and performance improvements without sacrificing quality or safety.
This 5-day fundamentals course delivers practical tools and knowledge to lead or participate in value studies. Participants will learn the VM Job Plan, function analysis techniques, creative problem-solving methods, and facilitation skills to drive innovation and optimize value across disciplines.
Course Objectives
By the end of this course, participants will be able to:
- Understand the principles and benefits of Value Methodology (VM)
- Apply the VM Job Plan to real-world problems and projects
- Conduct function analysis to define and measure value
- Use creative and analytical tools to develop cost-saving alternatives
- Facilitate and contribute to cross-functional value improvement teams
- Communicate VM outcomes effectively to management and stakeholders
Key Benefits of Attending
- Learn a globally recognized method to reduce cost and improve quality
- Gain hands-on experience in function-based problem solving
- Master a structured process used across industries including construction, manufacturing, oil &
- Prepare for certification pathways (e.g. SAVE International® VMA)
- Boost innovation and stakeholder value in your organization
- gas, and public services
Intended Audience
This program is designed for:
- Project engineers and design professionals
- Cost engineers and procurement teams
- Quality and process improvement specialists
- Operations, maintenance, and facility managers
- Anyone seeking to improve project or product value
Individual Benefits
Key competencies that will be developed include:
- Functional thinking and value analysis
- Team-based problem solving
- Creative and analytical thinking balance
- Presentation of technical cost-saving alternatives
- Structured facilitation and stakeholder engagement
Organization Benefits
Upon completing the training course, participants will demonstrate:
- Lower project and operational costs without reducing quality
- Smarter decision-making based on function and value
- Cross-functional collaboration and creativity
- Early-stage risk reduction and planning clarity
- Clearer communication of cost-quality trade-offs
Instructional Methdology
e course follows a blended learning approach combining theory with practice:
- Strategy Briefings – VM principles, job plan steps, and industry applications
- Hands-On Exercises – Function analysis, FAST diagramming, and alternative generation
- Case Studies – Project and product value studies from multiple sectors
- Workshops – Group exercises on cost reduction, idea selection, and evaluation matrices
- Peer Exchange – Team-based brainstorming and solution review
- Tools – Function definition templates, VM checklists, cost-saving logs, scoring tools
Course Outline
Detailed 5-Day Course Outline
Training Hours: 7:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: Introduction to Value Methodology and Function Analysis
- Module 1: Understanding Value and Function (07:30 – 09:30)
- What is value? Cost vs. function vs. performance
- Overview of the VM/VE job plan phases
- Key terminology and global usage of VM
- Module 2: Project Selection and Team Formation (09:45 – 11:15)
- Criteria for selecting VM study topics
- Defining project goals, scope, and constraints
- Team roles: facilitator, recorder, technical experts, and stakeholders
- Module 3: Function Identification and Classification (11:30 – 01:00)
- Verb-noun function format
- Basic vs. secondary functions
- Functional thinking and abstraction
- Module 4: Workshop – Function Analysis Exercise (02:00 – 03:30)
- Participants define functions for selected systems and processes
Day 2: FAST Diagramming and Creative Phase Planning
- Module 5: FAST Diagrams (Function Analysis System Technique) (07:30 – 09:30)
- Rules and logic of FAST diagram development
- How-Why logic and horizontal/vertical linkage
- Creating a functional logic structure
- Module 6: FAST Diagram Practice (09:45 – 11:15)
- Building individual FAST diagrams
- Interpreting results to identify high-cost, low-worth functions
- Using diagrams to drive the creative phase
- Module 7: Preparation for Idea Generation (11:30 – 01:00)
- Creative thinking principles
- Removing barriers to innovation
- Setup for brainstorming and ideation
- Module 8: Group Activity – Build a FAST Diagram for a Sample Project (02:00 – 03:30)
Day 3: Creative and Evaluation Phases
- Module 9: Generating Creative Alternatives (07:30 – 09:30)
- Brainstorming tools and lateral thinking
- Idea fluency and divergence strategies
- Group brainstorming rules and structure
- Module 10: Clustering and Filtering Ideas (09:45 – 11:15)
- Organizing ideas by system, cost, or function
- Evaluating feasibility and constraints
- Preparing for evaluation matrix scoring
- Module 11: Evaluation Criteria Development (11:30 – 01:00)
- Creating rating categories: performance, cost, time, risk
- Developing and using scoring matrices
- Ranking alternatives
- Module 12: Workshop – Creative to Evaluation Pipeline (02:00 – 03:30)
- Teams brainstorm, cluster, and rate idea sets for functional improvement
Day 4: Development Phase – Building Alternatives into Proposals
- Module 13: Developing Value Proposals (07:30 – 09:30)
- Technical, cost, and implementation analysis
- Detailing chosen alternatives
- Risk review and mitigation planning
- Module 14: Cost Estimation and Value Metrics (09:45 – 11:15)
- Cost modeling for proposed alternatives
- Value indices and benefit-cost ratios
- Sensitivity analysis and risk review
- Module 15: Presenting the Alternatives (11:30 – 01:00)
- Organizing value study reports
- Tips for technical and executive presentations
- Formatting visuals and comparisons
- Module 16: Case Study – Develop and Present a Value Proposal (02:00 – 03:30)
Day 5: Integration, Leadership & Business Case Development
- Module 17: Report Writing and Presentation Skills (07:30 – 09:30)
- Structure of a VM report: summary, analysis, recommendations
- Highlighting cost, function, and implementation value
- Common reporting pitfalls
- Module 18: Managing Change and Gaining Buy-in (09:45 – 11:15)
- Selling value proposals to stakeholders
- Aligning with PMO and project objectives
- Lessons learned from rejected proposals
- Module 19: Final Team Presentations and Feedback (11:30 – 01:00)
- Group presentation of completed value studies
- Peer and instructor review
- Module 20: Certification Briefing and Wrap-up (02:00 – 03:30)
- Summary of tools and next steps for certification
- Feedback, reflection, and course closure
Certification
Participants will receive a Certificate of Completion in Value Methodology Fundamentals – Cost Reduction & Quality Improvement, recognizing their capability to apply Value Engineering principles for improved performance, innovation, and cost effectiveness.