Integrating Value Engineering and Project Management
Project Management (PM) is a vital globally accepted tool that provides best practices to help ensure successful project delivery. Requirements relating to cost and value require special attention. Based on professional research, this presentation will discuss the integration of value engineering and project management to increase understanding and improve project delivery. Value engineering, a technique developed in the late forties in the U.S., contributed substantially to project value by improving quality, enhancing performance and reducing unnecessary cost. This presentation will focus on:• Why projects stumble and fail in many countries • Business strategies for competing firms • Traditional project management versus other management techniques • Value Engineering differences• Building a project value engineering integration model. Participants will benefit from:• Strategies and techniques used increase the probability of project success • How Value Engineering can be used as a significant problem solving tool• How integrating Value Engineering and Project Management can increase project value• The relationship of TQM , BBM, BPR, BSC, and Six Sigma to the integration model • Case studies from the GCC countries
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