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1-DAY TRAINING COURSE
21 FEBRUARY 2012 |
VALUE ENGINEERING & MANAGEMENT
A Structured Approach to Reducing Construction & Life Cycle Costs |
PE Board Accredited: 7 PDUs
COURSE BACKGROUND High demand and limited supply of materials and labour has led
to some 40% increase in construction costs in Singapore. Industry
players have responded by trying to cut costs down the line. Indiscrimiate
cost cutting could result in a ‘cheapened’ product/service
and impact subsequent operating and maintenance costs.
Value Engineering & Management (VEM) is a structured approach
to assess a project/ system/product/service with the aim of seeking
cost savings without compromising functionality, performance and
reliability. In the process it attempts to:
- Remove unnecessary cost with no loss in function
- Provide the required function at the lowest life-cycle cost.
VE was first introduced in the 50's and was rapidly adopted due
to its effectiveness. The US Public Building Service introduced
mandatory VE requirements in the design stage of Traditional Contracts
in 1968 and wrote it in as a service requirement in construction
management contracts in 1972.
The benefits of VEM are not well appreciated in Singapore possibly
due to a lack of knowledge. As construction costs continue to rise,
VE will have to be a norm rather than an option in the pursuit of
providing a product/service at the lowest possible cost without
compromising performance requirements.
COURSE OBJECTIVES The course will provide fundamental knowledge of VEM principles,
process and methodology. The follow-up workshop will provide hands-on
skills to apply key VE methodologies.
COURSE PROGRAMME (8.30 am – 5.30 pm)
1. Introduction to Value Engineering and Management
- Value, Value Engineering & Value Management
- Origin and Drivers
- Savings & Benefits
2. Building Project Life Cycle & Value Engineering
- Project Phases & Parties Design Phase
- Applying VE: Factors to Consider
- VE Pre-requisites & Study Team
3. Value Engineering Job & Job Plan
- Selecting the VE Job
- VE Job Plan
- Information Phase
- Speculation Phase
- Analytical Phase
- Proposal Phase
- Final Report Phase
4. Value Engineering Methodology & Supporting Techniques
- Function Analysis
- Cost Worth Ratios
- Weighted Evaluation
- Life Cycle Costing
5. Seeking and Selecting More Cost Effective and Higher Value Solutions
- Key Questions
- Checklist
- Evaluation
- Selling the Solution
COURSE LEADERS
Dr Quah Lee Kiang MRICS
Dr Quah is the Director of the Real Estate and Construction
Centre & the Real Estate & Construction Academy in Singapore.
She has extensive regional and international experience in Project
and Facilities Management & Maintenance research, advice and
academia.
Dr Quah led the EU funded project BE4213 Condition Assessment and
Maintenance Strategies for Buildings and Building Components, which
among other things, sought to develop an objective building condition
assessment system. This project formed part of ongoing research
over the last 20 years which culminated in Dutch Standard NEN 2767
on Condition Assessment of Buildings, believed to be a ‘world
first’.
Dr Quah’s professional and research affiliations include
being Coordinator of the International Council for Research and
Innovation in Building and Construction (CIB) Working Commission
70 on Facilities Management and Maintenance from 1990-2000 and past
President of the Chartered Institute of Building Singapore Centre
for two terms. She is also a member of both the Royal Institution
of Chartered Surveyors (RICS) Asia and Singapore Board. Dr Quah
was conferred an Honorary Fellow by Oxford Brookes University for
her work in real estate and construction education and the unusual
impact her career has had on this particular academic field in Asia.
COURSE DATE AND VENUE
Tuesday, 21 February 2012
Training Lab C.303, Block C Level 3, Employment & Employability
Institute
141 Redhill Road, Singapore 158828
COURSE FEES
The course fee of $595.00 includes course documentation and refreshments
at breaks. A group discount of 10% will apply for three or more
delegates from the same organisation.
COURSE ACCREDITATION AND CERTIFICATE OF ATTENDANCE
The course has been approved for 7 PDU units under the PE Board
Continuing Professional Development programme. Attendance certificates
will be issued; they may also be suitable for meeting the CPD requirements
of other relevant professional bodies not operating a CPD course
accreditation system.
WHO SHOULD ATTEND
The course will benefit those who have a vested interest in buildings
including:
- Developers
- Building Owners
- Government Officials
- Architects
- Engineers
- Project Managers
- Quantity Surveyors
- Contractors/Sub-Contractors/Suppliers
- Property Managers
- Facilities Managers
- Maintenance Managers
- Management Corporations
- Town Councils
- and Others
CANCELLATIONS
Cancellations made less than 1 week before the commencement of
the course will be subjected to an administrative fee of $100.00.
Substitutions can be made at any time.
COURSE ENQUIRIES AND REGISTRATIONS
Mr Ken Chew
Tel: 6474 7442 Fax: 6474 2724 E-mail:
recc@pacific.net.sg
Download Registration
Form
PLEASE NOTE
It may be necessary for reasons beyond RECC’s control, to change the content and timing of the programme and the identity of the course leader/s.
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