Value Engineering
Value Engineering is a systematic methodology utilised in project management, aiming to optimize the project's cost-efficiency, enhance performance, and ensure the maximum value is achieved. It involves critical examination of project elements to improve functionality without compromising quality, within the constraints of time and budget.
Level 1: Emerging
At an emerging level, you are beginning to understand basic principles of Value Engineering within project management. You are learning how to optimise processes and identify cost-saving opportunities.
Level 2: Proficient
At a proficient level you are able to use value engineering techniques effectively to optimize project costs, while still maintaining high quality and meeting project objectives within the defined constraints.
Level 3: Advanced
At an advanced level you are able to effectively apply value engineering techniques to optimize resources, enhance project quality, and maximize value delivery within the project management process.
