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What is the Value Methodology?
The Value Methodology (VM: Value Engineering, Value Analysis, and Value Management) is a professionally applied function-oriented, systematic, multi-disciplined team approach used to analyze and improve value in a product, facility design, system or service. VM can be applied to any business or economic sector, including industry, government, construction and service. By enhancing value characteristics, VM increases customer satisfaction and adds value to your investment.
VM is a powerful methodology for solving problems and/or reducing costs while improving value, performance, and quality. VM is a proven long-term business strategy.
The VM process analyzes and explores:
- Life-cycle costs
- Industry and market dynamics
- Business process models
- Organizations, functions, and cost interfaces
- Creative alternatives
- Prevailing solutions
Results from VM include:
- Cost-effective innovations
- Average typical overall savings of 10%
- Average return on investment up to 50:1
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Current Classes
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