1-DAY TRAINING COURSE 5 OCTOBER 2010

PE Board Accredited: 8 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
Dr Quah is the Director of the Real Estate and Construction Centre. She has extensive regional and international experience in Project and Facilities Management & Maintenance research, advice and academia. Her 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 and past President of the Chartered Institute of Building Singapore Centre.

COURSE DATE AND VENUE

Tuesday, 5 October 2010
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. SDF applications can be made on a case-by-case basis; please call SDF for details.

COURSE ACCREDITATION AND CERTIFICATE OF ATTENDANCE

The course has been approved for 8 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 7443   E-mail: recc@pacific.net.sg

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.