Why Choose this course
This value engineering course equips delegates to recognise value engineering (VE) and value analysis (VA) opportunities, and to participate effectively in any VA/VE project in future. Delegates gain learnings from the presentation of a number of real-life, practical examples of successful VA and VE projects, including how projects can change the Value Equation, and see how VA/VE fits alongside Strategic Sourcing and Portfolio Analysis. The course also covers the roles of project leaders and team members, how to collaborate internally and externally on a VA/VE project, and the benefits a successful project can bring to both buyer and seller, along with the success factors and pitfalls to watch for along the way. Delegates enjoy an innovative and commercially justifiable learning experience that can be migrated back into any organisation.
What did other people say?
What does this course cover?
- Understand the concepts of Value Analysis (VA) and Value
- Engineering (VE) as well as their similarities and differences
- Understanding that the concepts follow a structured approach to the achievement of project goals and obtain knowledge of this approach
- Understanding the Value Equation and the ways that this equation can be influenced both positively and negatively by VA/VE projects
- Understanding how the VA/VE process fits into Strategic Sourcing and the role of Portfolio Analysis in the planning and implementation of a VA/VE project
- Understanding the role that the project leader and team members play in ensuring that a VA/VE project is successful
- Understanding the need for both internal and external collaboration in a successful VA/VE project
- Introduction to the benefits that both the Buyer and the Seller can achieve by collaborating effectively in VA/VE projects
- Understanding the factors that contribute to a successful project and the pitfalls to avoid
Is this course for me?
Career roles we recommend this course for
- Procurement and Supply Chain Managers
- Commodity Managers
- Category Managers
- Supply chain Analysts
- Sourcing Managers
- Cross-functional team leaders/members
- Buyers
- Contract Managers
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