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Value Engineering and Management

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. Indiscriminate cost cutting could result in a ‘cheapened’ product/service and impact subsequent operating and maintenance costs.

Value Engineering is a structured approach to assess a project/ system/product/service with the aim of seeking cost savings without compromising functionality, performance and reliability. VE 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.

The course will provide fundamental knowledge of VE principles, process and methodology.

Introduction to Value Engineering and Management

  • Value, Value Engineering & Value Management
  • Value Engineering Origins and Drivers
  • Value Engineering in Construction
    • VE Users & Typical Savings
    • Benefits

Building Project Life Cycle & Value Engineering

  • Building Project Life Cycle & Players
  • Applying VE: Factors to Consider
  • Pre-requisites for Successful VE Implementation

Value Engineering Job & Job Plan

  • Selecting the Project/Job
  • VE Job Plan: Overview
  • VE Job Plan: Information Phase
  • VE Job Plan: Speculation Phase
  • VE Job Plan: Analytical Phase
  • VE Job Plan: Proposal Phase
  • VE Job Plan: Report Phase

Value Engineering Methodology & Techniques

  • VE Methodologies & Techniques (M&T): Overview
  • Information Phase: Supporting M&T
  • Speculation Phase: Supporting M&T
  • Analytical Phase: Supporting M&T

Seeking and Selecting More Cost Effective and Higher Value Solutions      

  • Checking that the Solution Works
  • Conclusion

Dr Quah Lee Kiang FRICS

Dr Quah is the Director of the Real Estate & Construction Centre and 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 for a decade and past President of the Chartered Institute of Building Singapore Centre. She was also a member of the Royal Institution of Chartered Surveyors (RICS) Asia Board, Singapore Board and Asia Pacific Sustainability 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.

Option 1 (Face-to-Face)Venue: Unit #04-08, Devan Nair Institute for Employment & Employability
80 Jurong East St 21, Singapore 609607

Option 2 (Live Streaming via RECC Elearning Portal)Username and password will be assigned on receipt of registration and course fees

$615 nett per person. Course fees includes full colour course documentation and refreshments at tea breaks.

RECC is pleased to inform that course fee funding of $112.50 per person is available from e2i, subject to terms and conditions being met. Please enquire for further details.

In addition, all Singaporeans aged 25 and above can use their $500 SkillsFuture Credit from the government to pay for a wide range of approved skills-related courses. Visit the SkillsFuture Credit website (www.skillsfuture.sg/credit) to choose from the courses available on the Training Exchange course directory. NTUC members may claim up to $250 under the Union Training Assistance Programme (UTAP).

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.

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 made one week before the scheduled commencement date of the course will be subjected to an administrative fee of $100.00. The full fee of $615.00 will be payable thereafter for any cancellation; substitutions can be made at any time.

Mr Ken Chew
Tel: 6563 4166
Fax: 6563 4156 
E-mail:exectrg@recc.com.sg

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.

1 Day Training Course

12th Run

Value Engineering and Management

A Structured Approach to Reducing Construction & Life Cycle Costs
Qualified for 7 PDUs by PE Board

$615.00 / person

Course Date & Venue:

30 April 2024, 09:00am to 06:00pm

Course Objectives

The course will provide fundamental knowledge of VE principles, process and methodology.

Important Note:

RECC is pleased to inform that course fee funding of $112.50 per person is available from e2i, subject to terms and conditions being met. Please enquire for further details.

In addition, all Singaporeans aged 25 and above can use their $500 SkillsFuture Credit from the government to pay for a wide range of approved skills-related courses. Visit the SkillsFuture Credit website (www.skillsfuture.sg/credit) to choose from the courses available on the Training Exchange course directory. NTUC members may claim up to $250 under the Union Training Assistance Programme (UTAP).

Number of Participants: