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Seminar Description

Value Engineering, also known as Value Analysis (VA) or the more-generic Value Management (VM) is a review process that seeks alternatives to perform the identified functions at minimum life cycle cost. Value is defined as the ratio of performance to cost. That is, how much benefit at what cost. The lecture material of this one-day workshop covers the history, benefits and process for enhancing the value of manufactured products as well as capital projects.

Topics presented will include:

• What is Value Engineering?
• Context of RIGHT Processes
• Classic Case – Sumas Canal
• Origins and Current Applications
• New Concepts including:
• cost models and life-cycle costing
• functions and FAST diagrams
• worth and value
• Value Studies and their Stages
• Why Do We Do Value Studies?
• Case Studies
• Review & Feedback

This workshop will consist of a number of group exercises to provide useable experience.

Instructor

Bryan McConachy , P.Eng. – Bramcon Project Consultants Ltd.

Bryan McConachy is a professional engineer with more than 30 years' experience in the management of a diverse range of projects. Mr. McConachy established Bramcon Project Consultants Ltd., a firm that provides project and construction management as well as training and coaching. The early years in training were in the areas of the Project Management Body of Knowledge leading to Project Management Professional (PMP) certification. In the past few years, he has presented workshops on a variety of topics including Value Engineering, Managing Project Costs, Politics in Project Management, Expedited Communications for Dispersed Teams, Project Delivery Options and Partnering. Most of these workshops have been part of APEGBC's Continuing Professional Development Program.

Until recently, Mr. McConachy was a member of APEGBC's Continuing Professional Development Committee. He has also been active in such organizations as the Association for Advancement of Cost Engineering and the Project Management Institute ( PMI ). He obtained the Project Management Professional (PMP) Certification from PMI in 1989 and in 1996; he was awarded the Honour of PMI Fellow.

What Previous Participants have said about this Seminar:

• “Knowledgeable - I liked the exercises."
• “Good combination of history, real examples and participation of group."
• “Very enjoyable learning experience."
• “Well prepared - good, relaxed manner of presentation."
• "Instructor is very knowledgeable of teh material. Good interactive exercises along with the course."

APEGBC is an AIBC/CES registered provider offering an AIBC-Accredited activity for 6.5 Core Learning Units.

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