Project Risk Analysis and Value Engineering Techniques Course

Learn construction risk analysis, quantitative uncertainty, sensitivity, value engineering, function analysis, option appraisal and implementation.

Construction Engineering Training Courses Confirmed

Training Locations

This Project Risk Analysis and Value Engineering Techniques Course is available in multiple cities. Please select your preferred location from the list below

Durrës

Albania

Tirana

Albania

Andorra la Vella

Andorra

Escaldes-Engordany

Andorra

Innsbruck

Austria

Salzburg

Austria

Vienna

Austria

Gomel

Belarus

Minsk

Belarus

Antwerp

Belgium

Brussels

Belgium

Banja Luka

Bosnia and Herzegovina

Sarajevo

Bosnia and Herzegovina

Plovdiv

Bulgaria

Sofia

Bulgaria

Dubrovnik

Croatia

Split

Croatia

Zagreb

Croatia

Limassol

Cyprus

Nicosia

Cyprus

Brno

Czech Republic

Prague

Czech Republic

Aarhus

Denmark

Copenhagen

Denmark

Tallinn

Estonia

Tartu

Estonia

Helsinki

Finland

Tampere

Finland

Lyon

France

Marseille

France

Nice

France

Paris

France

Berlin

Germany

Frankfurt

Germany

Hamburg

Germany

Munich

Germany

Athens

Greece

Thessaloniki

Greece

Budapest

Hungary

Debrecen

Hungary

Akureyri

Iceland

Reykjavík

Iceland

Cork

Ireland

Dublin

Ireland

Florence

Italy

Milan

Italy

Naples

Italy

Rome

Italy

Pristina

Kosovo

Prizren

Kosovo

Liepāja

Latvia

Riga

Latvia

Schaan

Liechtenstein

Vaduz

Liechtenstein

Kaunas

Lithuania

Vilnius

Lithuania

Esch-sur-Alzette

Luxembourg

Luxembourg City

Luxembourg

Kuala Lumpur

Malaysia

St. Julian's

Malta

Valletta

Malta

Bălți

Moldova

Chișinău

Moldova

La Condamine

Monaco

Monte Carlo

Monaco

Budva

Montenegro

Podgorica

Montenegro

Amsterdam

Netherlands

Rotterdam

Netherlands

The Hague

Netherlands

Ohrid

North Macedonia

Skopje

North Macedonia

Bergen

Norway

Oslo

Norway

Gdańsk

Poland

Kraków

Poland

Warsaw

Poland

Faro

Portugal

Lisbon

Portugal

Porto

Portugal

Bucharest

Romania

Cluj-Napoca

Romania

City of San Marino

San Marino

Serravalle

San Marino

Belgrade

Serbia

Novi Sad

Serbia

Singapore

Bratislava

Slovakia

Košice

Slovakia

Bled

Slovenia

Ljubljana

Slovenia

Barcelona

Spain

Madrid

Spain

Valencia

Spain

Gothenburg

Sweden

Stockholm

Sweden

Bern

Switzerland

Geneva

Switzerland

Zurich

Switzerland

Istanbul

Turkey

Kyiv

Ukraine

Lviv

Ukraine

Odesa

Ukraine

Dubai

United Arab Emirates

Birmingham

United Kingdom

Edinburgh

United Kingdom

London

United Kingdom

Manchester

United Kingdom

Rome (Vatican-adjacent)

Vatican City

Training Outlines

Introduction

Risk analysis and value engineering are strongest when used together: risk clarifies uncertainty and downside exposure, while value engineering challenges how required functions can be delivered more effectively without degrading safety, quality or lifecycle performance.

This five-day course combines qualitative and quantitative risk methods with a structured value-engineering job plan. Participants model cost and schedule uncertainty, analyse functions, generate options and evaluate lifecycle trade-offs. Governance and benefits tracking convert workshop ideas into accountable decisions.

Objectives

Structure project risk and uncertainty.
Prioritize risks using defensible criteria.
Quantify cost and schedule exposure.
Apply sensitivity and scenario analysis.
Conduct function analysis for project systems.
Generate value alternatives collaboratively.
Evaluate options using lifecycle criteria.
Develop governed implementation plans.

Course Content

Day 1: Risk and Value Framework

Objectives, constraints and value
Risk taxonomy and breakdown structure
Assumptions and uncertainty
Risk appetite and criteria
Governance and decision gates
Integrated framing workshop

Day 2: Qualitative and Quantitative Risk

Identification and cause-event-effect
Probability and impact assessment
Cost and schedule risk models
Three-point estimates
Sensitivity and scenario testing
Quantitative-risk exercise

Day 3: Function Analysis and Creativity

Value-engineering job plan
Function definition and FAST concepts
Cost-worth and value indices
Information and challenge phase
Creative option generation
Function-analysis workshop

Day 4: Evaluation and Development

Technical feasibility screening
Lifecycle cost and performance
Risk-adjusted option comparison
Multicriteria decision analysis
Constructability and stakeholder impacts
Option-development case

Day 5: Implementation and Benefits

Recommendation packages
Residual risk and controls
Approval and change governance
Action ownership and sequencing
Benefits measurement and assurance
Value-risk capstone

Training Schedule

Below is the table of cities along with the respective dates for the upcoming training sessions of Project Risk Analysis and Value Engineering Techniques Course. Please review the schedule to find the most convenient option for you. You can also use the below search bar to type the city name and filter the results.