Value Engineering (VE) is a systematic process of review and analysis of a project during the concept and design phases. VE is conducted by a multi-disciplined team of persons not involved in the project to provide recommendations such as: a) providing the
needed functions safely, reliably, and at the lowest overall cost; b) improving the value and quality of the project; and c) reducing the time to complete the project.
This course begins with a Web-based training (WBT) component that is completed prior to the first day of the class (134005A). The 3-day workshop involves training participants to be valued contributors to the Value Engineering team, conducting a Value Engineering
study in a team environment. It is preferable that the host agency provides actual project(s) to be used in this course, although The National Highway Institute (NHI) can provide projects upon request. Depending on the projects selected for use in the course,
and based on the request of the host agency, the 3-day classroom session can be expanded to 4 or 5 days in length (NHI-134005B and NHI-134005C).
Upon successful course completion, participants will have acquired the training necessary to successfully participate in future Value Engineering studies for their agencies.
Upon completion of the course, participants will be able to:
- Explain how Value Engineering can improve project performance, reduce costs, and enhance value.
- Acquire the necessary behaviors and skills to be an effective Value Engineering team member with the ability to: Investigate the project and analyze project functions and costs; Creatively speculate on alternative ways to perform the various functions;
Evaluate the most effective life-cycle alternatives; Develop viable alternatives into fully supported recommendations; Present the recommendations to stakeholders and agency management
The target audience for this course consists of FHWA and state highway agency personnel in management, administrative, and engineering disciplines who will participate as Value Engineering team members. Consultants or agency representatives of all technical
disciplines associated with project design, development, construction, and maintenance can be included in order to provide the multiple perspectives needed to maximize the effectiveness of the team.