VALUE ENGINEERING / VALUE MANAGEMENT SERVICES

ADDING VALUE…ENHANCING IDEAS…

VALUE AND INNOVATION ARE NEEDED IN TODAY’S SCARCE-MONEY WORLD. TO FIND AND TAKE ADVANTAGE OF THEM, BOTH GOVERNMENTS AND PRIVATE INDUSTRY USE A REMARKABLE PROCESS KNOWN AS THE VALUE METHODOLOGY. ALSO KNOWN AS VALUE ENGINEERING, VALUE ANALYSIS AND VALUE MANAGEMENT, THE PROCESS CAN OPTIMIZE PROJECTS, PROCESSES AND PRODUCT DEVELOPMENT IN SIGNIFICANT WAYS. THROUGH VALUE ENGINEERING, COMPANIES AND GOVERNMENT AGENCIES REGULARLY DECREASE COSTS, INCREASE PROFITS, IMPROVE QUALITY AND PERFORMANCE AND ENHANCE CUSTOMER SATISFACTION.

 

ENHANCING VALUE IN YOUR COMPANY:

VM IS EMBRACED BY BUSINESSES, INDUSTRIES AND GOVERNMENT AGENCIES AROUND THE GLOBE. BUILDING DESIGNERS AND CONTRACTORS, AUTOMOBILE MANUFACTURERS, CHEMICAL AND PHARMACEUTICAL COMPANIES AND NATIONAL, REGIONAL AND LOCAL GOVERNMENTS ALL USE THE PROCESS REGULARLY. THE BENEFITS THEY ACHIEVE USING VM FAR OUTWEIGH THE INVESTMENTS AS REDUCED TIME AND COST, AND INCREASED QUALITY CONTRIBUTE TO CORPORATE SUCCESS AND TAXPAYER VALUE.

 

BRINGING IDEAS TOGETHER

THE VALUE METHODOLOGY (VM) IS A SYSTEMATIC AND STRUCTURED APPROACH FOR IMPROVING PROJECTS, PRODUCTS, AND PROCESSES. VM, WHICH IS ALSO KNOWN AS VALUE ENGINEERING, IS USED TO ANALYZE AND IMPROVE MANUFACTURING PRODUCTS AND PROCESSES, DESIGN AND CONSTRUCTION PROJECTS, AND BUSINESS AND ADMINISTRATIVE PROCESSES.

VM HELPS ACHIEVE AN OPTIMUM BALANCE BETWEEN FUNCTION, PERFORMANCE, QUALITY, SAFETY, AND COST. THE PROPER BALANCE RESULTS IN THE MAXIMUM VALUE FOR THE PROJECT.

VALUE IS THE RELIABLE PERFORMANCE OF FUNCTIONS TO MEET CUSTOMER NEEDS AT THE LOWEST OVERALL COST AND IT CAN BE CALCULATED LIKE THIS:

VALUE = FUNCTION/COST

FUNCTION IS WHAT THE PRODUCT OR SERVICE IS SUPPOSED TO DO.

COST IS THE EXPENDITURE NEEDED TO CREATE IT. 

THE VM FOLLOWS SAVE INTERNATIONAL®’S STANDARD JOB PLAN, WHICH CONSISTS OF SIX PHASES:

1. INFORMATION: GATHER INFORMATION TO BETTER UNDERSTANDS THE PROJECT.
2. FUNCTION ANALYSIS: ANALYZE THE PROJECT TO UNDERSTAND AND CLARIFY THE REQUIRED FUNCTIONS.
3. CREATIVE: GENERATE IDEAS ON ALL THE POSSIBLE WAYS TO ACCOMPLISH THE REQUIRED FUNCTIONS.
4. EVALUATION: SYNTHESIZE IDEAS AND CONCEPTS AND SELECT THOSE THAT ARE FEASIBLE FOR DEVELOPMENT INTO SPECIFIC VALUE IMPROVEMENTS.
5. DEVELOPMENT: SELECT AND PREPARE THE ‘BEST’ ALTERNATIVE(S) FOR IMPROVING VALUE.
6. PRESENTATION: PRESENT THE VALUE RECOMMENDATION TO THE PROJECT STAKEHOLDERS. 

​

 

THE BEST RESULTS ARE ACHIEVED BY A MULTI-DISCIPLINED TEAM WITH EXPERIENCE AND EXPERTISE RELEVANT TO THE PROJECT BEING STUDIED. OUR ASSOCIATE VALUE SPECIALIST – OUR TEAM LEADER USUALLY LEADS THE TEAM TO ENSURE THE VALUE METHODOLOGY IS PROPERLY FOLLOWED.

VALUE ENGINEERING, (ALSO CALLED VALUE ANALYSIS OR VALUE MANAGEMENT) IS A POWERFUL PROBLEM-SOLVING METHODOLOGY THAT CAN REDUCE COSTS WHILE MAINTAINING OR IMPROVING PERFORMANCE AND QUALITY REQUIREMENTS.

VALUE ENGINEERING HELPS ORGANIZATIONS COMPETE MORE EFFECTIVELY IN LOCAL, NATIONAL AND INTERNATIONAL MARKETS BY:

• ELIMINATE UNNECESSARY COST.
• ADDING VALUE.
• IMPROVING FUNCTIONS.
• IMPROVING QUALITY.
• IMPROVING PERFORMANCE.
• EFFECTIVE RESOURCES.
• OPTIMIZING COSTS.
• SAVING TIME.
• EXPANDING MARKET SHARE.
• INCREASING PROFITS.
• SOLVING PROBLEMS.
• ENHANCE MANAGEMENT.
• GENERATE CREATIVE IDEAS.
• ​