
Risk-Based Evaluation of Infrastructure ProjectsDate: Oct 29, 2008 Time: 8:30am - 4:00pm Location: Holiday Inn Hotel and Suites, Markham Ontario Objective: Improve decision-making and value in infrastructure projects by demonstrating the use of risk-based evaluation of project cost and schedule. Who Should Attend: This seminar is aimed at Project and Program Managers of Infrastructure Projects who are interested in understanding of the benefits and applicability of risk-based evaluations to improve decision making, and those looking for tools to help improve the decision making of public agencies. It is of particular use to those who have experienced unexpected and significant changes in project schedule and costs and who are looking for a generally accepted approach to identifying, quantifying, and managing these uncertainties. The seminar will include a mock analysis of a small transportation infrastructure project (construction value $10M to $20M) and previous knowledge of value engineering or risk analysis is not required. Course Outline: This seminar is based on emerging techniques to undertake risk-based evaluations of schedule and cost. These techniques are mandatory under standard protocol in some public agencies in the U.K., Washington State, and in the U.S. Federal Transit Administration. Many other Federal, State/Provincial, and municipal agencies and utilities in the U.S. and Canada are beginning to apply these methods on their more challenging infrastructure projects. This seminar will illustrate how Risk-Based Evaluation of infrastructure projects is a useful technique that improves the management of infrastructure projects, enables non-technical decision makers to understand cost and schedule uncertainties, and enables technical staff to manage uncertainties. This seminar presents an innovative, practical, and cost-effective approach that helps mitigate these problems by: 1) quantifying actual project cost and schedule uncertainty within a probabilistic, risk-based, integrated cost and schedule model, 2) identifying and prioritizing critical cost and schedule risks and opportunities, as well as quantifying the benefits of proposed mitigation strategies to address those critical risks and opportunities; and 3) improving owner and project team understanding and communication. Outcome: Seminar participants will be able to recognize the elements and applicability of risk based evaluations including:
Seminar Leaders: Dr. S.J. Boone, Charles Lockhart, Dr. Travis McGrath The seminar leaders have completed risk-based cost and schedule analyses on projects throughout North America and world-wide. They have co-developed and delivered training on infrastructure cost and schedule risk assessment to Washington State DOT (WSDOT), Utah DOT, North Carolina DOT, the US Federal Highways Administration, Ministry of Transportation Ontario, City of Toronto, and Waterfront Toronto corporation. Recent projects completed by these individuals include WSDOT's proposed "mega projects", highway infrastructure for MTO, $5B program of 150 WSDOT projects, a large urban waterfront revitalization program (building a city within a city) as well as for numerous smaller projects. Dr. Boone is a graduate of Clarkson University and University of Toronto. Mr. Lockhart has an M.Sc. from Cornell University, and Dr. McGrath is a graduate of Seattle University and The University of Texas at Austin. Seminar Cost: $375 for CSVA members, $475 for non-CSVA members More Information: |

Advanced Function Analysis TechniquesDate: Wednesday Oct 29, 2008 Time: 8:30am - 4:00pm Location: Holiday Inn Hotel and Suites, Markham Ontario Objective: Expand the application of Function Analysis System Technique (FAST). Advanced FAST focuses on product development and “Soft” (non-hardware) issues, rather than existing hardware products. The power of FAST is demonstrated in analysing business and technical situations and creating models where no prior model exists. Topics include:
Who Should Attend: Value practitioners that desire to advance application of FAST modeling. At a minimum, attendees must have had some experience in building FAST models. Knowledge of “Classis” FAST fundamentals is recommended. Seminar Outline: The course will be a combination of lecture and practical application by the attendees. Various scenarios will be offered for the attendees to practice building FAST models and functionally describing issues for problem resolution. Outcome: Attendees shall be able to apply advanced FAST techniques to resolve both existing product improvements problems as well as using FAST to define and resolve undefined future opportunities/problems. Seminar Leaders: Henry “Hank” Ball, CVS Hank Ball is President of Ball Associates, Inc. He has been a value practitioner since 1989, first at The Boeing Company and, since 2000, with Ball Associates. His clients have represented the aerospace, oil and gas and manufacturing industries. In addition he has facilitated construction Value Engineering studies for the US Army Corps of Engineers and product studies for the US Army Material Command. He is a retired AF Officer with 6,000+ hours as a Pilot Flight Examiner. Hank holds a BA in Accounting and an MBA. Seminar Cost: $375 for CSVA members, $475 for non-CSVA members Web Links: |

Content of Mod 2 - Value Engineering training sessionDate: October 29 to 31, 2008 Time: 8:00am - 5:00pm Location: Holiday Inn Hotel and Suites, Markham Ontario Duration: 3 days Trainers: Lucie Parrot, Eng. M. Eng. CVS (Life), Tom Fletcher, P.Eng. CVS Goals
Instructor: Mrs. Parrot, M. Eng., CVS (LIFE) is an industrial engineer with over 25 years of experience. She has extensive experience in the optimization of processes and products, in business and manufacturing applications. She has utilized the value engineering methodology and complementary methods, since 1991. Mrs. Parrot has moderated more that 150 workshops, in Value engineering, functional analysis (FPS) and concurrent engineering. Lucie Parrot has over 15 years of teaching and VE facilitation experience for various clients. Instructor: Mr. Fletcher, P.Eng., CVS is the senior engineering manager responsible for all technical projects within the Fletcher Group; a company focusing on Value Engineering/ Management studies including functional performance specifications for the public and private sector including transportation, water / waste water, utility and building sectors. Tom has over 30 years of engineering experience including 9 years experience in VE. Training Cost: $975 for CSVA members, $1075 for non-CSVA members |
