Value Engineering (VE) is a conscious and explicit set of disciplined
procedures designed to seek out optimum value for both initial and
long-term investment. First utilized in the manufacturing industry over
70 years ago, it has since been widely used in other industries for many
Value Engineering is not simply a design/peer review
or a cost-cutting exercise. Rather, Value Engineering is a creative,
organized effort, which analyzes the requirements of a project for
achieving the essential functions at the lowest total costs (e.g.
capital, staffing, energy, maintenance) over the life of the project.
Through a group investigation, using experienced and multi-disciplinary
teams, value and cost efficiency can be improved through the study of
alternate design concepts, materials, and methods without compromising
the functional and value objectives of the client/organization.
Value Engineering can be applied at any point in a project, even in construction. Nevertheless, typically the earlier it is applied the higher the return on the time and effort invested.
In most cases, Value Engineering identifies and removes unnecessary expenditures, thereby increasing the value for manufacturers and their customers.
The course is interactive and is comprised of lectures, case studies,
technical process learning and supplemental discussions related to
various industries and the challenges of implementation.
Engineering professionals who have at least three years
of experience. Those include Maintenance Managers, Maintenance
Supervisors, Maintenance Engineers, Operational Excellence Personnel,
Reliability Engineers, Plant Managers, Engineering Managers,
Manufacturing Managers, Production Managers, Operations Managers,
Project Managers, Asset Managers and Quality Assurance Personnel.
John Hay has over thirty years of experience within the maintenance and operations function and has vast experience in plant maintenance and materials management, world class maintenance planning and management, and advanced maintenance management.
John's expertise is in aligning maintenance KPIs with company operational excellence, having worked with Shell, Marathon Oil, Dolphin Bolette and other large scale Oil and Gas entities throughout Europe, Africa, Asia and the Middle East.
John has diverse Product Life Cycle Management experience, with a specialism in the Oil and Gas, Renewable Energy, and Utilities sector.