Project Scheduling,
Cost Planning &
Value Engineering Skills
Creativity and Excellence in Planning, Functionality and Costing
Course Schedules
Training Course Overview
This course is structured into two modules. The first week of training will focus on delivering reliable cost and schedule estimates during the early concept and planning phases of a project.
The second week of training will delve into the Value Engineering (VE) concept, a structured, creative approach aimed at maximizing project value, reducing life-cycle costs, addressing financial concerns, and eliminating unnecessary expenses.
The Project Scheduling, Cost Planning & Value Engineering Skills training course uses a systematic, step-by-step methodology to guide you through all stages of a project, including initiation, planning, execution, monitoring, and closure.
You will learn about key aspects such as roles and responsibilities, planning techniques, forming and managing multi-disciplinary teams to develop solutions and recommend alternatives, capturing stakeholder requirements and expectations, developing conceptual cost estimates and models, conducting life-cycle costing analyses, and creating a high-level project plan for effective execution and control. The course also includes detailed practical applications and case study presentations to help you master the course content.
This training course will feature:
- Gaining knowledge of techniques used in project estimating, from the conceptual stage to the final detailed estimate
- Understanding the different types of estimates used to confidently and progressively estimate project costs and schedule
- Identifying risk sources and minimize their impact with and without contingency
- Developing effective team management, performance monitoring and control systems
- An integrated approach to scope, time, resources and cost management into a dynamic and manageable model
Training Course Objectives
By the end of this Anderson training course, participants will be able to:
- Manage and mitigate schedule, cost, scope, and resource risks associated with the project
- Develop a project recovery plan for budget and schedule overruns
- Identify value mismatches through the ratio of whole life costing
- Capture & incorporate stakeholders’ input in the development of the project charter & plan
- Know the fundamental concepts of Value Engineering and Analysis
Designed for
This Anderson training course is suitable to a wide range of professionals but will greatly benefit:
- Those who have a role in various projects such as cost estimators, project schedulers, project designers, project planner, contracts professionals, project procurement and purchasing staff, and project control and business services professionals who have the responsibility for preparing cost / schedule estimates and project proposals in client and contracting companies
- Those who are interested in knowing more about estimation and control in a project environment
- Anyone involved in project initiation, engineering design, and critical assessment of projects
- All those responsible for making significant decisions concerning plans and budgets for large and complex projects
- Project or Program Sponsors, Project Managers, Cost Estimators, Cost Controllers, Engineers, Designers and Project Staff
- All those aspiring to deliver better value in all sectors of the economy from major projects in construction, manufacturing, petro-chemical, healthcare, education legal and public services
Learning Methods
This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented.
The training course is highly interactive and presents knowledge through formal and interactive learning methods. The training course includes individual exercises, team projects, applicable case studies and group discussions. The material has been designed to enable delegates to apply all of the material with immediate effect at the office.
In addition, the training course will take delegates through the systematic step-by-step VE methodology through interactive speaker input, case studies and practice exercises. The exercises will provide participants with hands on experience of applying the techniques to a simple project and will facilitate group discussion.
Course Content
Project Estimating Basics
- Basic Project Management definitions
- Triple Constraints – Time, Cost, Scope
- Project Selection Methods
- Defining the Project Scope
- Cost & Schedule Estimation, Cost Budgeting & Control
- Project Schedule Planning and Critical Path Method
Developing Project Budget & Schedule Control
- Project management inputs to cost budgeting
- Resource Requirements
- Direct & Indirect Project Costs
- Planning and Scheduling Limited Resources
- Options for Accelerating the Schedule
- Crashing the Schedule - How?
Managing the Risk
- Risk Identification, Analysis & Management
- Contingency Reserve
- PERT, Probability and Standard Deviation Formulae
- Network Activity Risk Profiles
- Application: Estimating Project Duration
- Project Risk Strategies
Measuring Project Performance
- Balanced Project Schedule without Buffers (Finish-Start) and Inserting Buffers
- Comparison of Unbalanced with Balanced Schedules
- Measuring Planned Progress on Schedule
- Risk distribution in contracting
- Actual Progress and Work Conditions
- Managing Variable Conditions
Framework for Applying Value Engineering in Projects
- What is Value?
- What is Value Engineering? Why is it important?
- Defining Value Engineering concepts and principles
- How and when is Value Engineering applied?
- Project stakeholders analysis and management
- Understanding teamwork and cross-functional Project Teams and team player styles
The Function Analysis Phase - Expressing Project Functional Needs and Constraints
- Overview of Different Value Engineering Phases / Job Plan
- The Information Phase – steps and procedures
- The need for Function Analysis in projects
- Developing FAST Diagrams to identify critical project components and perform project value analysis
- Defining project constraints – relationships and trade offs
- Aspects of Cost Estimating
The Creative Phase - Inspiring Creativity in Your Project Team
- Risk Management
- Relationships between Value, Cost and Worth
- Facilitation skills
- Creativity and Creative thinking within the project environment
- Creativity techniques as applied to optimize project value
- Blocks to creativity within the project team
The Evaluation Phase -Making Informed Project Decisions
- Reaching consensus and leveraging the power of project team collaboration
- Idea selection
- Evaluation methods and value criteria
- Development phase
- Techniques in problem solving
- Life-cycle costing analysis
The Planning and Reporting Phases -Getting Results through Effective Communication
- Effective Decision-making in project environment
- Develop action plans and assign project roles and responsibilities
- Reporting VE findings to Senior Management and project stakeholders
- Integrating VE into the project process and Continuous Improvement and application at project initiation
- Case studies
- Assessment and Wrap-up
The Certificate
- Anderson Certificate of Completion for delegates who attend and complete the training course
In Partnership With
Learn more about this course
Yes. The Project Scheduling, Cost Planning & Value Engineering Skills training course can be customised and delivered exclusively for organisations seeking a tailored learning solution. Course content can be adapted to address specific business objectives, operational challenges, industry requirements, and organisational priorities. Customised training allows teams to focus on the topics most relevant to their roles while supporting wider organisational development goals.
No. The Project Scheduling, Cost Planning & Value Engineering Skills training course is open to professionals from a wide range of backgrounds and experience levels. The course content is structured to provide value to both those who are new to the subject and experienced practitioners seeking to deepen their expertise. While some prior knowledge may enhance understanding of certain concepts, it is not a requirement for participation
The Project Scheduling, Cost Planning & Value Engineering Skills training course uses a variety of learning approaches to maximise participant engagement and knowledge retention. These may include expert-led presentations, practical exercises, case studies, group discussions, scenario-based activities, and collaborative learning opportunities. This approach encourages active participation and helps participants translate learning into practical workplace results.
The Project Scheduling, Cost Planning & Value Engineering Skills training course is suitable for professionals who want to expand their knowledge, strengthen their practical skills, and improve their effectiveness within their current or future roles. It is valuable for managers, team leaders, supervisors, specialists, consultants, and professionals seeking to stay current with industry developments and best practices. Whether your goal is career advancement, improved decision-making, or enhanced workplace performance, this course provides relevant knowledge and practical insights to support your professional ambitions.
If you would like additional information about the Project Scheduling, Cost Planning & Value Engineering Skills training course, our professional support team is available to assist with course enquiries, registration guidance, group bookings, and customised training requirements. We are committed to helping you identify the most suitable learning solution for your professional development goals.
- Phone / WhatsApp: +971 56 431 1661
- Email: [email protected]
- Website: anderson.ae
Participants attending the Project Scheduling, Cost Planning & Value Engineering Skills training course gain access to valuable industry insights, practical techniques, and internationally recognised best practices. The course helps professionals improve performance, strengthen confidence, broaden their perspective, and develop skills that contribute to both personal and organisational success. It also provides an excellent opportunity to exchange ideas and experiences with professionals from diverse sectors and backgrounds.
The Project Scheduling, Cost Planning & Value Engineering Skills training course combines practical knowledge, current industry practices, and expert guidance to create a highly relevant learning experience. Rather than focusing solely on theory, the course emphasises practical application, enabling participants to develop skills and approaches that can be implemented directly within their organisations. This balance of knowledge and practical relevance helps participants achieve meaningful and lasting professional impact.
Yes. Participants who successfully complete the Project Scheduling, Cost Planning & Value Engineering Skills training course will receive a Anderson Certificate of Completion, demonstrating their commitment to professional development and continuous learning. This certificate provides formal recognition of the knowledge and skills gained during the course and can support professional growth and career progression.
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