Singapore University of Social Sciences

Value Management for Infrastructure Projects

Value Management for Infrastructure Projects (CET273)

Applications Open: 25 March 2022

Applications Close: 29 September 2022

Next Available Intake: 13 October 2022

Course Types: Short Course, SkillsFuture Series

Language: English

Duration: 2 days

Fees: $1050

Area of Interest: Others

Schemes: Lifelong Learning Credit (L2C)

Funding: SkillsFuture

School/Department: Centre for Continuing & Professional Education


Dates: 13 and 17 October 2022
Duration: 1.5 days
Level: Intermediate
Venue: Singapore University of Social Sciences


Synopsis

The course will be conducted face-to-face with participants who have some experience in handling a project.  It will be conducted in a lecture and workshop format to familiarise the participants on the concept of project value and value management.  Different project stakeholders view the value of the project differently.  The methodology to be taught would enable the participants to understand the aspects of project value and adopt a holistic mindset to appreciate the importance of harnessing a collective shared knowledge of the key project stakeholders’ expectations and requirements of the project and seeking consensus on an agreed set of project values that are aligned with the establishment’s strategic thrusts. The power of the methodology is to engender stakeholder agreement on key shared values that will form the project objectives.

 

Who Should Attend

Project Managers and Senior Project Managers who manage development projects, Senior Managers who oversee the development and management of projects and facilities.

 

Topics

  • What is Value of a Project?

  • What is Value Management?

  • Value through alignment with Vision, Mission and Strategies

  • Value Management Studies


Learning Outcomes

A. Knowledge and Understanding (Theory Component)

By the end of this course, participants should be able to:

  • Understand and describe what constitute project values

  • Appreciate and explain what Value Management is and how it can do to achieve real project values

  • Understand and describe the process of a Value Management study workshop



B. Key Skills (Practical Component)

By the end of this course, participants should be able to:

  • Describe and demonstrate the aspects of the value of the project each is handling

  • Apply Value Management concept to enhance the objectives/goals of their projects and to achieve good project outcomes.

  • Illustrate to their management the involvement of the stakeholders in carrying out a VM study workshop for their projects



Schedule

TimeAgenda
Day 1
09:00 - 09:30Course overview
09:30 - 10:30 What is Project Value?   
10:30 - 10:45Break
10:45 - 12:00Value Management – Principles and Effectiveness
12:00 - 13:00Lunch
13:00 - 15:30Value Management Studies
15:30 - 15:45Break
15:45 - 17:00VMS – A Case Study
17:00 - 17:30Assessment - Requirements
Day 2 
09:00 - 10:00Group Presentations - Assessment
10:00 - 10:30Discussion and Review of Presentation
10:30 - 10:45Break
10:45 - 11:30Project Value – Design and Risk Management 
11:30 - 12:15Summary and Review


Assessments

  • Group project

  • Presentation


Requirements

  • Attendees should have a basic understanding of construction project delivery and have some experience in managing a project.
  • Attendees have to bring along their own laptop.

 

About the Trainer

CET273 - Yip Kim Seng

Ar. Yip Kim Seng

Associate Faculty, Singapore University of Social Science (SUSS)
Registered Architect, BOA, since1988
Fellow, Society of Project Managers, Singapore
Board Member, Global Alliance for the Project Professionals (GAPPS), 2012 - 20

Kim Seng is passionate about advancing Project Management in the Build Environment and Construction Industry.  He is currently a PM Trainer and Consultants.  Since 2013, he has lectured regularly at SUSS, UON and BCA Academy. In addition, he has given many seminars and talks on Project Management to building and construction professionals and legal professionals.

He has more than 30 years of professional career experience, both as a registered Architect and a Project Director/Manager and MD of PM Link, from 2006 to 2011.  In Project Management, he successfully led and managed the development of many large scale and complex public sector projects, including airport terminal, hospitals, university and mega school campuses, conservation building, ministry HQ building and checkpoint complex.  He is a strong advocate of Value Management (VM) as an approach in project management, to help owners and project stakeholders collectively arrive at common agreed critical value objectives for the project.  Trained as a VM facilitator in 2000, he has initiated and participated in several VM workshops for his projects and, in recent years, even facilitated a few VM workshops.

Kim Seng has contributed to the development and advancement of the PM profession through his involvement with the SPM, leveraging on his industry and PM practice experience.  As a council member for close to 15 years, he was involved in several training and knowledge sharing initiatives.  Most notable is his leadership in developing and establishing the accreditation scheme for professional Project Managers.  The SPM APM Scheme was launched in June 2017.

 

Application Procedures

Please submit the following documents to cet@suss.edu.sg:

  1. Coloured copy (back and front) of NRIC for Singaporeans and PRs, or "Employment"/"S" Pass for foreign applicant
  2. Application form


Course Fee

International ParticipantsS'poreans (aged below 40) and PRsSkillsFuture Mid-Career Enhanced Subsidy1
(S'poreans aged 40 and above)
Enhanced Training Support for SMEs2
Full Course fee (A)$1050$1050$1050$1050
SSG grant (70%) (B)-($735)($735)($735)
Nett course fee (A) - (B) = (C)$1050$315$315$315
7% GST on nett course fee (D)$73.50$22.05$22.05$22.05
Total nett course fee payable, including GST (C) + (D) = (E)$1123.50$337.05$337.05$337.05
Less additional funding if eligible under various schemes (F)--($210)($210)
Total nett course fee payable, including GST, after additional funding from the various funding schemes (E) - (F) = (G)$1,123.50$337.05$127.05$127.05

1 Mid-Career Enhanced Subsidy: Singaporeans aged 40 and above may enjoy subsidies up to 90% of the course fees.
2 Enhanced Training Support for SMEs: SME-sponsored employees (Singaporean Citizens and PRs) aged 21 and above may enjoy subsidies up to 90% of the course fees.

  • Participants are required to achieve at least 75% attendance and pass any prescribed examinations/assessments or submit any course/project work (if any) under the course requirement.
  • Participants are required to complete all surveys and feedbacks related to the course.
  • The course fees are reviewed annually and may be revised. The University reserves the right to adjust the course fees without prior notice.
  • Singapore University of Social Sciences reserves the right to amend and/or revise the above schedule without prior notice.

For clarification, please contact the Centre for Continuing and Professional Education (CCPE) via the following:

Telephone: +65 6248 0263
Email: CET@suss.edu.sg
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