Value Design builds on the strengths of Value Analysis, Design Thinking and Business Analysis to improve outcomes in any business, service, product or project. Based on applied research and development in value analysis, design thinking, and business analysis, Value Design integrates Value Analysis, Design Thinking and Business analysis. The benefits of integrating these approaches will be illustrated through case studies.
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Artificial Intelligence has taken the world by storm over the last year. Questions have arisen as to how this will impact Value Engineering. Questions such as will it replace Value Engineering or will it augment parts of the Value Engineering Job Plan? This presentation attempts to framework what the potential advantages AI will bring to the Value Engineering discipline and to facilitating teams for Value Creation and Improvement.
As value professionals, we focus on achieving best-value for projects, products, or processes to benefit users/consumers, influential stakeholders, and owners/entities by identifying value opportunities. We do so by leading subject-matter experts (SME) through a defined study framework, the value methodology, time and time again. Sounds about right, doesn’t it? Well… That’s only part of it. We also need to focus on HOW we deliver our value studies to ensure we provide best-value services to...
Facilitation is one of the critical skills necessary to effectively manage the VM process and, especially, a value study team. This Value Voices session will discuss the alignment between the International Association of Facilitators (IAF) Core Competencies, and the steps in the VM Job Plan. Emphasis will be placed on the importance of neutrality in one’s role as a Study facilitator. View the presentation in publications This Value Voice event may be considered acceptable by your accrediting...
This event is held in French. Facilitating a value study is not an easy task. That’s why large workshops require the presence of a co-facilitator, to help the main facilitator. Getting big things done through facilitation is essential to the success of VM. This presentation will show how a co-facilitator can take on some tasks and responsibilities, to improve the efficiency of a study. Mrs. Martin will speak about the skills required for a good co-facilitator and present the tasks associated to...
(This event will be in French.) Collaboration is very much in vogue right now, especially in the construction industry. However, it doesn't come easily and often requires sustained effort. With working from home on the rise and set to remain a reality for the next few years, the challenge of bringing collaboration to remote teams is growing. To address this challenge, several digital platforms and tools have been developed, but existing tools and processes should not be discarded. Value analysis...
Diversity, Equity and Inclusion are key to developing best value solutions for any project, process, service or product. Yet it can be difficult to meaningfully involve a diverse group of stakeholders in an inclusive process where every participant feels part of the solution. A facilitated value study seeks to enable participants to understand project goals and needs through the language of functions. Function Analysis moves the focus away from the expected solution and places the focus on the required...
Description: L’analyse fonctionnelle est un outil puissant qui sert à plusieurs usages. C’est l’approche parfaite à utiliser pour identifier les besoins et attentes et les prioriser. On n’appelle pas ça «?analyse des besoins?» pour rien! Cette approche permet à une équipe d’identifier ce qu’il y a à faire avant d’identifier la solution à utiliser. La gestion du meilleur coût permet...
November 22, 2022 The structural process of making decisions has a high probability of conflict and hostility if the process does not work. This leads to the Diversity Paradox: Increased diversity always leads to more ideas that do not survive the process, and thus more potential conflict. Value Management is a reliable, and robust process that channels diverse teams to reach a common understanding of needs without reference to the current solution. Facilitated VM specializes in inclusion of diverse...
Creativity is one of the key phases of the Value Methodology Job Plan. To improve a project or product, numerous ideas are needed. These ideas – which can be thought of as the “sticks and stones” for building a new vision of a project or process – are essential for improvement. This paper presents a brief overview of group dynamics during creativity and what a facilitator needs to be aware of to ensure effective management of a brainstorming session. Numerous puzzles and...
Differentiating Construction Process Functions From Project Functions Tuesday July 19, 2022 Abstract In construction, the contract structure/project delivery method defines the owner-designer-contractor relationship. The Value Methodology is a tool to bring all the parties together to develop a common understanding of the project and find ways to optimize design, make the project easier and faster to construct, reduce risk, and avoid cost—all while maintaining needed functionality. &...
Value engineering (VE) as a technique was first developed in the U.S. during World War II to cope with the problems inherent with wartime shortages of key components. Since these shortages existed, innovative methods were required as a workaround to solve these problems. While the origins of VE were in U.S. manufacturing, the technique has spread to numerous other areas including retail, construction, and services sectors in the U.S. and throughout the world. VE has acquired other names including...
Value Analysis exercises are often completed very successfully as standalone one-off workshops with a completely separate team. However, that approach has some downsides which may include disruption to the project schedule, risk of extensive design rework, designer resistance, or inability to implement some suggestions. Integrating value analysis into the design lifecycle with a series of smaller sessions held at key points and involving members of the design team is an alternate method that can...
Abstract As a value practitioner for almost 40 years, I have led VM Studies on hundreds of projects in which the goals and objectives of the client are not met by 30% design and, in some cases, 60% design. How does that happen? Fortunately, a VM Study can often use those goals and objectives to get the project back on the right track. However, that usually involves redesign with potential schedule delays. What happens to such projects with no VM intervention? They will often end with quality issues...
Abstract Decisions, decisions, decisions. Regardless of what industry or sector you are in, there are no shortage of decisions to be made. Big and small. It often feels like a balancing act with so many factors to consider. When evaluating alternatives, one of the key ingredients in the decision making process is value. This presentation shares some examples of how Enbridge has been applying elements of the Value Methodology to various types of business decisions. Presenter Michael Tozer, P...
Date: Tuesday May 25, 2021 Time: 1600 (PST), 1700 (MST), 1900 (EST) Over the past two decades Calgary has experienced strong population growth. Every year the City undertakes numerous types of programs and projects to deliver quality services to the citizens of Calgary. The City of Calgary is a program and project intensive organization. In November 2015, the City published a Value Management (VM) Standard followed by Value Management (VM) Guidance documents. These documents became formally...