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ME-014

Value Engineering

Intensive 5-day course · English, Arabic & European languages

Capital project managers, plant engineers and operational excellence specialists study multi-disciplinary cost optimisation frameworks during this five-day course. Delegates examine the Six-Step VE Job Plan, Function Analysis Systems Technique (FAST) diagrams, Life Cycle Costing (LCC) models and creative speculation tools. Workshop sessions provide structured methodologies to eliminate redundant capital expenditures while safeguarding core asset performance, statutory compliance and operational reliability.

Classroom

Public courses in our cities

  • 9–13 Nov 2026Frankfurt£2,600 + VAT
  • 23–27 Nov 2026Riyadh£4,200 + VAT
  • 14–18 Dec 2026Rome£3,400 + VAT
  • 28 Dec – 1 Jan 2026Doha£4,200 + VAT
  • 4–8 Jan 2027Paris£3,600 + VAT
  • 18–22 Jan 2027Riyadh£4,200 + VAT
Show 22 more dates
  • 1–5 Feb 2027Frankfurt£2,600 + VAT
  • 15–19 Feb 2027Doha£4,200 + VAT
  • 8–12 Mar 2027Barcelona£3,080 + VAT
  • 22–26 Mar 2027Geneva£4,200 + VAT
  • 12–16 Apr 2027Frankfurt£2,600 + VAT
  • 26–30 Apr 2027Abu Dhabi£4,200 + VAT
  • 10–14 May 2027Rome£3,400 + VAT
  • 24–28 May 2027Cairo£2,280 + VAT
  • 7–11 Jun 2027Paris£3,600 + VAT
  • 21–25 Jun 2027Jeddah£4,200 + VAT
  • 5–9 Jul 2027Frankfurt£2,600 + VAT
  • 19–23 Jul 2027Singapore£4,200 + VAT
  • 9–13 Aug 2027Barcelona£3,080 + VAT
  • 23–27 Aug 2027Muscat£3,080 + VAT
  • 13–17 Sep 2027Frankfurt£2,600 + VAT
  • 27 Sep – 1 Oct 2027Casablanca£2,280 + VAT
  • 11–15 Oct 2027Rome£3,400 + VAT
  • 25–29 Oct 2027Manama£3,080 + VAT
  • 1–5 Nov 2027Paris£3,600 + VAT
  • 15–19 Nov 2027Amman£3,400 + VAT
  • 6–10 Dec 2027Frankfurt£2,600 + VAT
  • 20–24 Dec 2027Madrid£3,400 + VAT

Group discount: 2 delegates 20% · 3 delegates 35% · 5 or more delegates 50%

Can't make these dates? We can run this course for your team on dates that suit you. Ask for custom dates · In-house options

Online (live)

With a trainer, on dates to suit your team

This course can be taught live online by a trainer, in English, Arabic or any European language, for one person or a whole team.

£1,850 + VAT

Group discount: 2 delegates 20% · 3 delegates 35% · 5 or more delegates 50%

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Value Engineering

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Course overview

Value Engineering (VE) provides structured analytical disciplines for eliminating unnecessary capital and operating expenditures across industrial asset lifecycles. Developed over 70 years ago in manufacturing and widely adopted across global infrastructure, Value Engineering focuses on fulfilling essential asset functions at the lowest total lifecycle expenditure. Rather than simply trimming component costs or conducting superficial design reviews, cross-functional teams examine alternative materials, technical methods and operating philosophies. By conducting rigorous function analysis during early project conceptualisation phases, multidisciplinary engineering teams can identify alternative fabrication materials and streamlined operational workflows that substantially lower total lifecycle costs without degrading facility safety or structural reliability. By stripping out redundant engineering specifications without compromising client objectives, organisations achieve maximum economic return across complex facilities.

Delegates explore the structured Six-Step VE Job Plan, progressing through information gathering, speculation, planning, execution, reporting and final implementation. The syllabus covers Function Analysis Systems Technique (FAST) diagramming to separate basic required functions from secondary convenience features. Engineers apply creative tools, including brainstorming, nominal group techniques and Pareto charts, to generate innovative technical alternatives that preserve functional integrity.

Life Cycle Costing (LCC) ensures capital project decisions balance upfront procurement prices against long-term staffing, energy and maintenance commitments. The curriculum demonstrates how early value interventions reduce scheduled downtime and eliminate operational bottlenecks across manufacturing units. Delegates learn to prepare persuasive Value Engineering workshop proposals that justify technical alternatives to senior corporate stakeholders.

Course objectives

By the end of the course, delegates will be able to:

  1. Implement Value Engineering (VE) methodologies and job plans systematically in industrial workplaces
  2. Increase physical asset reliability and operational availability to meet recognised industrial benchmarks
  3. Reduce unscheduled plant downtime, production bottlenecks and unexpected process interruptions
  4. Formulate value improvement proposals capable of reducing maintenance and operating costs by 50-70%
  5. Apply international benchmarking standards to evaluate project design efficiency and function delivery

Target competencies

  • Value Techniques
  • Budget Analysis
  • Life Cycle Costing
  • Project Management

Who should attend

This course suits:

  • Maintenance managers and maintenance supervisors
  • Plant engineers and maintenance engineering specialists
  • Operational excellence leaders and reliability engineers
  • Plant managers and manufacturing superintendents
  • Engineering managers and production managers
  • Operations managers and shift coordinators
  • Project managers delivering capital expansion schemes
  • Asset managers and quality assurance personnel with at least three years of experience

Training methodology

  • Interactive technical lectures and structured presentations introduce Value Engineering job plans, FAST logic and life cycle cost models.
  • Delegates evaluate industrial case studies, conduct multidisciplinary team exercises, and formulate practical VE workshop proposals based on actual plant challenges.

Course modules

  1. Module 1

    Module 1: Introduction to Value Engineering (VE)

    • Core objectives and fundamental philosophy of Value Engineering
    • Determining optimal timing for applying Value Engineering in project cycles
    • Quantifying the financial and operational impact of Value Engineering interventions
    • Introduction to project scope definition and functional boundaries
    • Budget analysis methodologies across engineering initiatives
    • Primary elements and cost categories of the project budget
  2. Module 2

    Module 2: Introduction to Value Engineering

    • Methodological value techniques and diagnostic tools
    • Structure and application of the Total Value Management Concept
    • VE phase relationships and value management in design
    • Classifications of value in industrial engineering
    • Distinguishing esteem, exchange, cost and use types of value
    • Identifying high-return opportunities when to apply Value Engineering
  3. Module 3

    Module 3: Function evaluation

    • Delineating basic functions from secondary and aesthetic functions
  4. Module 4

    Module 4: Function Analysis Systems Technique (FAST)

    • Procedural rules for constructing Function Analysis Systems Technique (FAST) diagrams
    • Practical industrial FAST diagram examples and functional logic verification
  5. Module 5

    Module 5: The Six-Step VE Job Plan

    • Information phase: gathering baseline project data and operational constraints
    • Speculation phase: generating creative design and material alternatives
    • Planning phase: screening and evaluating competing engineering concepts
    • Execution phase: developing detailed technical proposals and life cycle models
    • Reporting phase: presenting findings and business justifications to decision-makers
    • Implementation phase: tracking operational execution and post-installation results
  6. Module 6

    Module 6: Speculative Phase Creativity

    • Facilitating structured brainstorming sessions for engineering teams
    • Deploying the nominal group technique to prioritise candidate solutions
    • Conducting cause and effect analysis on functional design challenges
    • Applying Pareto charts to isolate high-cost project elements
    • Exploring the Total Cost concept across asset lifecycles
    • Structuring Life Cycle Costing (LCC) models across energy, staffing and maintenance
  7. Module 7

    Module 7: Building on speculation

    • Evaluating the nature and credibility of engineering cost information
    • Primary cost drivers and elements of manufacturing cost structures
  8. Module 8

    Module 8: VE Workshop Team Projects

    • Reviewing the VE workshop plan of attack and milestone governance
    • Formatting final technical reports and executive investment presentations

Certificate

Every delegate who completes the course receives an ARUK Training Certificate of Attendance.

Frequently asked questions

How do I register?

Choose a date and city in the schedule and press Register, or send us an enquiry. Our team confirms your place and sends an invoice.

Are fees shown with VAT?

Fees are shown per delegate and exclude VAT, which is added to the invoice where applicable.

Can this course be delivered for our team only?

Yes. Any ARUK course can be delivered in-house at your premises, in a meeting room we book for you, or 1-to-1.

Is this course available online?

Yes. We run it live online with a trainer, on dates that suit your team, for £1,850 + VAT per delegate.

Is there a group discount?

Yes. 20% for 2 delegates, 35% for 3 delegates and 50% for 5 or more delegates on the same course.

Can the course be delivered in Arabic or another language?

Yes. Our courses can be delivered in English, Arabic or any European language, by a trainer who teaches in that language. Mention your preferred language when you register or enquire.

What certificate will I receive?

An ARUK Training Certificate of Attendance.

Related courses

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Value Engineering

Key booking terms (read before you register)
  • The full fee is paid in advance, before the course starts.
  • Cancel in writing 30 or more days before the start date (45 for in-house) for a refund. Later than that, the full fee is payable.
  • No refund for non-attendance or partial attendance.
  • Places are for the named delegate only; another person cannot attend instead.
  • Moving to another date or city is only possible if ARUK agrees in writing.
  • Travel, accommodation and visas are your responsibility. A refused visa does not change the cancellation terms.

booking terms and conditions

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Value Engineering