Value Engineering

HOT Engineering
Course summary
9 days
Next available date: Enquire for details - Worldwide
Corporate Training for Teams

Value Engineering

Value Engineering

Value Engineering training is an important topic for most professionals in any company. During this course, participants will understand the value of products and processes and learn methods and tools to improve their customer value. Based on functional thinking and a strong cost orientation participants will discuss case studies to improve the value of objects in a systematic way.

Value Engineering is a interdisciplinary, team-based, target oriented method with a detailed job plan that makes it easy for everyone to carry out value improvement and cost engineering projects. This course is based on 3 modules lasting 3 days each and correlates exactly with the Value Engineering training and certifications system EN12973 of the EGB (European governing board for value engineering and training system). Participants have the opportunity to be certified according to VE EN12973.

Suitability - Who should attend?

This course is suitable for those who are:

  • An employee inside any organisation, keen to solve complex problems by using Value Engineering / Value Management: designer, product manager, project manager, innovation manager, controller, cost engineer, etc.

Outcome / Qualification etc.

Upon completion of the course, participants will have benefited from the following:

  • The first module teaches the basics of the methodology of Value Engineering / Value Management and gives an insight into the systematic approach of increasing value for customers.
  • In the second module the basic knowledge of Value Engineering / Value Management is increased and deepened. The participants get to know complementary approaches to optimisation. One focus is on target costing using VE / VM – another is on setting up VE projects. Furthermore value engineering with suppliers is addressed. Complex value management projects can be defined and planned by the participants.
  • In the third module, the procedure for the anchoring of Value Engineering / Value Management in the organisation is taught. Participants will understand the value of VE / VM to achieve continuous optimisation.
  • VE is applied on services using additional methods of service design.

Training Course Content

This course covers the following topics:

  • Value Engineering / Value Management system elements
  • Cost calculation basics
  • Framework conditions in VE / VM
  • Functional analysis and function costs
  • Generate ideas
  • Interdisciplinary teamwork
  • VE / VM Work Plan EN 12973
  • Processing of a practice-oriented case study
  • Value Engineering / Value Management for innovation (products processes,…)
  • Acquire customer requirements
  • Transferring requirements to functions
  • Target costing
  • Basics product costing
  • Reverse engineering for cost engineering
  • Function costs using target costing
  • Set up of a target system and value cost diagram
  • Team moderation in VE / VM
  • Role play
  • Supplier quality assurance within VE / VM
  • Defining of VE / VM projects
  • Categories of a VE / VM project
  • Set up a VE / VM project
  • Establish a VE / VM description
  • Controlling of optimisation success
  • Overview of additional optimisation approaches
  • Process optimisation with VE / VM
  • Value-oriented company management
  • VE / VM and service design for services


HOT Engineering provides a cost-effective and convenient option for employee development with bespoke, in-house training solutions.

Please contact HOT Engineering for more information!

Provider: HOT Engineering

HOTEngineering - Oil & Gas Courses, Reservoir Solutions & Quality Assurance

HOT – World Class Training for Oil & Gas Professionals

HOT is a leading oil and gas training provider and E&P consulting company. We come together as a multidisciplinary team, combining 33 years of training and consulting experience to deliver state of the art public courses, bespoke in-house courses, long-term...

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HOT Engineering

Parkstrasse 6
A-8700 Leoben

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