Value engineering for design optimisation - Oil and Gas

Virtual classroom

Available dates:
No dates currently planned - speak to our Training team

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Specialisation course

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About the course

This course provides an overview of the use and application of value improving practices, and, in particular, value engineering for design optimisation. Value engineering will be taught to course learners; why, when and how to put value engineering into practise and how value engineering may be used to optimise the design of oil and gas capital projects.  This course is essential knowledge for those wishing to understand how to apply value engineering.

At a glance

Available dates

No dates currently planned - speak to our Training team

Duration

2 days (14 study hours)

Location

Virtual classroom

Level

Specialisation

Price

£1,500 plus VAT

Early Bird

Book up to six weeks in advance of the start date of your chosen course to take advantage of the Early Bird discount

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Learning outcomes

  • Define the concept of value engineering
  • Explain the importance of engineering in optimising design
  • Recognise when and how to apply value engineering for maximum benefit
  • Identify the use of reliability and availability for value engineering
  • Identify the use of lifecycle costing for value engineering
  • Complete a value engineering design optimisation exercise

Course structure

Day by day content

Day one

What is value?

  • Definition of value
  • Value improvement practices

 

Value engineering

  • Why use value engineering?
  • When to use value engineering?
  • How to use value engineering

 

Value engineering application

  • Value engineering application tools
  • VE Workshop
  • FAST diagrams
  • Cost drivers

 

Case Study

  • Application of value engineering and life cycle costing techniques for offshore topside facility projects

Day two

Reliability & availability techniques

  • Failure metrics
  • Reliable data
  • Data sources
  • Applications

 

Lifecycle costing

  • CAPEX & OPEX
  • Net Present Value
  • Lifecycle costs

 

Case Study

  • Application of reliability and lifecycle costing to subsea projects

 

Value engineering exercise

TESTIMONIALS

What past delegates have said about our courses

Very well done and one of the best courses to subsea that I have attended

Gerald Tan, JDR Cable Systems

Good link made between all the areas of design and very clearly presented methodology to be used by pipeline engineers, thanks to an experienced and patient tutor

Charlotte Tisserand, Doris Engineering

Value engineering for design optimisation - Oil and Gas

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The instructor is very knowledgeable and speaks very clear making him very easy to understand  


- Tengku Dhalan, Facility Engineer, Chevron

Jee course work is on point, refreshing and well packaged  


- Kolawole Owolabi, Project Engineer, Chevron Nigeria

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