Value Improvement Practices (VIPs)

Project Value Improvement: The Art of Quality Improvement and Cost Reduction

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5 Found
Date Duration Venue Fees
25-29 Dec 2023 5 Days Dubai - UAE US$3,450 Register
06-10 May 2024 5 Days Casablanca - Morocco US$5,450 Register
15-19 Jul 2024 5 Days Dubai - UAE US$4,450 Register
21-25 Oct 2024 5 Days Dubai - UAE US$4,450 Register
23-27 Dec 2024 5 Days Dubai - UAE US$4,450 Register

Course Overview

Understanding Project Management Value Improvement is a powerful business tool that should not be overlooked. Generally known as Cost Reduction, Value Improvement (VI) is a more appropriate label once the overall objective is understood. Several tools can be used to achieve the objectives of Value Improvement; however, the aim is to increase the value of the product, service, or result to the Customer by increasing and maintaining quality and/or features whilst maintaining or reducing cost.

Understanding Project Management or Quality Management is not enough to understand and deliver cost effective, value driven results for your organisation. Value Improvement is where traditional Waterfall and Agile Project Management practices combine at the simplest and most effective level for all Stakeholders involved.

Project Delivery is shaped by critical factors, Effective Leadership, Technologies, and Financing Models.  However, another component also provides greater efficiency and effectiveness for all projects.  Value Improvement identifies tools, management practices and capabilities that optimise a project’s financial value from early concept to front-end engineering design.

Using a systematic method to improve a project’s financial value or cash flow most often involves reducing its capital or operating expenditure, increasing its output or accelerating its completion date to speedily become more profitable, all of which comes at a financial cost in the end. Instead, the participants identify and evaluate creative alternatives to a project’s economics to achieve a higher project return at a vastly lower risk level.

Course Objectives

After the training course, the participant will learn to:

  • Understand and defend the purpose and benefits behind value improvement
  • Drive continuous value improvement into all projects and the organisation
  • Identify quality improvement opportunities and reduce cost wastage
  • Analyse, prioritise and implement cost capitalisation opportunities
  • Develop and apply a growth mindset and contribute to value-driven project management

Target Audience

This training course is also suitable for anyone responsible for the performance of teams and/or individual contributors within their organisations, such as First Level Managers and Leaders, Mid-Level Leaders, and Senior Leaders from a variety of disciplines, expressly but not limited to Quality, Risk, Project Management, PMOs, Sales and Marketing, Product Innovation, Development, and Engineering, as well as support functions such as legal, finance and HR.

It is suitable for a wide range of working professionals, including (but not limited to) the following: 

  • Quality Managers
  • Project, Program, Portfolio Managers, and Directors
  • Risk Managers
  • Sales and Marketing Managers
  • Finance Managers
  • Managing Directors
  • Managers in the fields of Product Innovation, Development, or Engineering

Training Methodology

This training course is driven by a blended learning approach and draws on various adult learning techniques such as action learning, experiential exercises, group discussions, video case studies, role play and self-reflection activities. The resulting variety helps participants stay engaged throughout the course, feel challenged and draw quick wins for their development. It also ensures participants are exposed to ample opportunities to apply what they learn to the real-world challenges they face back in the workplace.

Course Outline

Day One

Understanding Value Improvement

  • Value Improvement Origins
  • The Quality Link to Value Improvement
  • The Role of Value Improvement in Project Management
  • The Agile Link to Value Improvement
  • Value Improvement Methodologies
Day Two

Value Improvement Methodologies

  • Value Improvement Practices (VIPs) Framework
  • VIP Application in Project Management
  • Project Value Improvement (PVI) Framework
  • 3 Steps PVI Deep Dive
  • Combining VIP and PVI Effectively
Day Three

Preparing and Implementing Value Improvement Practices (VIPs)

  • VIP’s 6-Step “I” Plan
  • VIP Study Preparation
  • VIP Study Identification
  • VIP Study Analysis
  • VIP Study Prioritisation
Day Four

Understanding and Implementing Project Value Improvement (PVI)

  • PVI 3 Module Approach
  • Module 1: Mindsets and Behaviours
  • Module 2: Management Systems
  • Module 3: Technical System
  • Integrating into the Organisation
Day Five

Putting it All Together

  • Value Improvement Simulation Briefing
  • Value Improvement Simulation Application
  • Value Improvement Simulation De-Briefing
  • Value Improvement Simulation Scoring
  • Learning Development Commitment


Upon successful completion of this training course, Newage Certificate will be awarded to the delegates.

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