Value Engineering and Value Management

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Course Schedule

2 PM: 
6 PM
Course Code: 
TID 7205
Course Credit Units: 
Semester 2
Year of Study: 
Year 1
Undergraduate or Graduate Level: 
Graduate Level
Course Discipline: 
Course Description & Objectives: 

Value engineering is a structured process which seeks to remove unnecessary cost without impairing function (or value). Value management is a holistic process that seeks to understand and define what constitutes value within a project. This procedure does not set out to replicate the considerable body of knowledge related to this field. Value Management key outputs are a series of value objectives that must be achieved.   

Learning Outcomes: 

At the end of the course the student should be able to;

  1. Be able to relate value engineering to costs, and its application to decision making.
  2. Be able to use value engineering as an economic analysis tool.
  3. Be able to apply SMART methodology in group decision environment.


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