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The Fundamentals of Value Engineering

Understand the importance of early review and analysis so that budgets and expectations are met.

This topic covers the ever so important and yet misunderstood process of extracting value for the efficiency of a construction project. The more time spent in early review, analysis and comparable substitution of materials, systems, the more that budgets and expectations are met. The information focuses on the steps including the Job Plan, services associated early design decision. Details are provided concerning the above referenced as to processes, methods, alternative means to successful application of this ever important tool. You will receive timely information regarding a variety of Value Engineering methods, techniques, steps available as well as: • History of Value Engineering • Objectives such as time, quality and cost • Analysis of the starting point; the Budget • Estimating documentation • Root causes of unnecessary costs

Runtime: 89 minutes
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Agenda

Value Engineering - Overview

Objectives of Value Engineering Project Scope

Elements of the Project Budget

Application of Value Engineering

Value Engineering Methodology and Techniques

Job Plan

Cost Models

Life Cycle Cost

Integrating Value Engineering Into the Construction Industry

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on December 12, 2019.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Sergio Fernandez

Sergio Fernandez

JBF Associates, LLC

  • Construction professional with JBF Associates, LLC
  • More than 30 years of experience in all areas of construction from site operations to management and administration
  • Construction consultant in the areas of real estate development, value engineering, contracts and administration, budgets and estimating, cost control, scheduling, and preconstruction services
  • Served as a project manager/construction manager in charge of multiple sites from start up to turnover for 10 years
  • Conducted over 300 seminars focusing on construction law, construction management, preconstruction services, development and entitlement processes, scheduling, scheduling and cost impacts on construction, recovering bad projects, and earned value analysis in construction
  • Written numerous articles
  • B.A.E. degree, University of Miami; M.A. degree in architecture, University of Miami
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 406799
Published 2019
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