Value, in its broadest sense, is the benefit to the client, offered by a project. Value Engineering (VE) is a creative, organized approach that enables providers of a product, service, or project to engage proactively with stakeholders to ensure that project value is optimized, life-cycle costs are reduced, and unnecessary costs eliminated. The VE methodology emphasizes the return-on-investment aspect of decision-making in terms of benefits management during project planning, procurement, and execution. It enables design teams and organizations to identify and evaluate alternative ideas and solutions at any project phase avoiding wasted design and investment effort and deliver the best value solutions that meet client requirements. VE is not about selecting the cheapest option; rather, it is about realizing the best value for money and improving productivity, competitiveness, and effectiveness of organizations in addition to stimulating innovation.
This course is designed to provide the participants with expert guidance for securing real benefits and cost savings by implementing VE in their projects with a greater emphasis on the development of project scope, cost estimates, design solutions, and budgets. Within the project management context, the course significantly enhances creative thinking, problem-solving, objective assessment, and informed decision-making skills.
The Sciences Po Workshop is a five-day training course that aims to provide participants with a comprehensive understanding of the current state of labor and employment in the modern economy. The course will cover a wide range of topics, from the history of labor to current labor laws and policies.
A good plan should begin with a good forecast, which in turn, may lead to a good budget. A strategy is a long-term plan of what the company is going to do to achieve its policy. The budget is the short-term plan of how strategies may be achieved. It is a quantification of the activities the company must develop to achieve its short-term plans.
Artificial Intelligence is the ability to rationally act and think. Applied AI is achieved when one can think and act/react in daily business. Artificial Intelligence has invaded everywhere both in personal and business life. It achieves pleasing results without costing excess effort or money. It is a must now to know how wisely to manage business operations, and be able to deliver them in the most optimized and efficient fashion. In this course, the essential concepts of artificial intelligence are being demonstrated as well as how and when to employ them. Machine Learning (ML) is one of the most popular applications of Artificial Intelligence (AI), and it is currently sweeping the globe, allowing computers to do tasks formerly performed by humans.
Budgets are an essential financial tool, which aid, planning, decision making, resource allocation, coordination, and control.
Boilers and steam generating systems are considered highly complex elements of equipment which operate at very high pressures and temperatures. These demanding operating conditions require good quality of construction materials and professional fabrication. Safe and efficient operation of boilers requires that a special attention to be given to the reliability of equipment for steam generation as well as efficient steam system management. This course is intended to introduce delegates to safe operation of boiler units and the associated equipment for steam generation and steam distribution. Methods and techniques of energy saving related to efficient steam distribution system management will be explained in detail. The course will be primarily focused on practical aspects related to operation, control, maintenance and troubleshooting of problems encountered in boiler systems. The course will also cover reliability of boiler units, as well as on efficient management of the entire steam system. Practical examples and workshop exercises from real life industrial practice will be utilized throughout the training course to emphasize the key learning points.
This course is focused upon better business performance, through better planning and control of the business by top management. Sales & Operations Planning (S&OP) is the traditional name for the process, although some have tried to introduce alternative titles, such as Integrated Business Management and SOFplan – Sales, Operations, and Financial Planning. The process is about ensuring that the top-level plans in the business – covering product management, sales, marketing, operations, resources, finance, engineering, human resources, IT – are all balanced to achieve the strategic plans of the organization, in the medium to long term.