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"Cut Unnecessary Costs, While Improving Value :
VALUE ENGINEERING/ VALUE MANAGEMENT (VE/VM) TEAM APPROACH":

Duration: 3 days

Participation:  Key-Managers/ Executives,  across  functions and down levels, who are responsible most for improving value and cost-effectiveness.

Objectives:

*  To disseminate the systematic VE/ VM methodology  and to illustrate its utility in quickly searching for and  achieving better value;

* To take multifunctional teams through VE/ VM  applied hands-on  their chosen 'live' priority-areas and to  enable  them see for themselves the impressive value-gains achievable.

 

Workshop Contents:

- VE/ VM Strategy: An overview of the need and scope;
- VE/ VM Job Plan: The progressive phases;
- Phase I: Projects' selection;
- Information Phase II:

a) Sharing/ Re-patterning information;
b) Cost Vs. Functional Worth analysis: Identifying
the few largest value-mismatch functions;
- Video-film: "Principles of VA/ VE";
- Creative Phase III: Ideas' generation;
- Phase IV: Evaluation:
a) Short-listing 'most attractive' ideas;
b) Use of Forced Decision Matrix;
c) Developing Action Plans;
- Teams' presentations;
- VE/ VM in practice.