OVERVIEW

This 3-day Value Analysis (VA)/Value Engineering (VE) course focuses on developing the initial basic Value Engineering skills. It is designed for people who wish to facilitate VA/VE Workshops within an organization.

This course is intended for those interested in seeking certification through SAVE International as a Value Methodology Associate (VMA) and satisfies SAVE’s requirements for the VMF1B instructor-led course.

The VMF1B is a 24-hour course delivered by a licensed Certified Value Specialist (CVS®) instructor, and contains lecture, discussion, practice and review to provide the core competencies aligning with basic value understanding.

WHAT YOU WILL LEARN

Upon completion of this course, the learner will be able to:

• Identify what makes VA/VE different
• Learn how to describe a design using functions
• Build a logic map of functions, known as FAST Diagrams
• Learn how to allocate cost to functions
• Learn the systematic process to apply a formal VA/VE study
• Understand the financial tools used in VA/VE
• Learn to prevent the most common pitfalls in the application of the methodology
• Learn how to prepare and gather information for a VA/VE study

COURSE CONTENT

The course will cover the following topics:

• Introduce SAVE International and PACE
• VM Overview – The power of VA/VE
• Value Methodology core competencies
• Introduction to the Value Methodology
• What is “Value”?
• How VM and VEM (Lean, Six Sigma, Etc.) work together
• Types of value
• Reasons for unnecessary cost
• History of the Value Methodology
• Phase 1: Information Phase
  • Project Goals
  • Cost Model/ Costed BOM/ BOQ
  • Voice of the customer
  • Scope of Project and Constraints
• Phase 2: Function Analysis Phase
  • Define functions and practice
  • Identify functions and practice
  • Classify functions
  • FAST Diagram and practice
  • Allocate resources to functions and practice
• Phase 3: Creativity Phase
  • Ground rules for creativity
  • Brainstorming techniques
• Phase 4: Evaluation Phase
  • Why do we need evaluation?
  • Evaluation techniques
• Phase 5: Development Phase
  • Basic terms in financial analysis
  • How are proposals structured?
  • Life Cycle Cost Analysis (LCCA)
• Phase 6: Presentation Phase
  • Propose and expected outcomes
  • Sample agendas
  • Guidelines for a successful presentation
• STAGE 1 Pre Workshop
  • Planning the Workshop
  • Project Selection
  • Value Study Team
• STAGE 3 Post Workshop
• VM Job Plan Recap
• SAVE International VM Certification

PREREQUISITES

To sit for the SAVE International® Value Management Associate (VMASM) exam, students must complete both the self-paced VMF1A course offered by SAVE International and the instructor-led VMF1B course (this course). We strongly encourage all participants to complete the VMF1A course before registering for this course.

CERTIFICATION

Professional certification for Value Management is administered by SAVE International®. Our instructors are licensed by the SAVE International® Certification Board to teach the Value Methodology Fundamentals 1B (VMF 1B) and the Value Methodology Fundamentals 2 (VMF 2) courses.

Successful completion of this course (with prior completion of the self-paced VMF1A course) allows you to sit for the SAVE International® Value Management Associate (VMASM) exam.