Information: Gather information to better understand the project.
Function Analysis: Analyze the project to understand and clarify the required functions.
Creative: Generate ideas on all the possible ways to accomplish the required functions.
Evaluation: Synthesize ideas and concepts and select those that are feasible for development into specific value improvements.
Development: Select and prepare the ‘best’ alternative(s) for improving value.
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. A Certified Value Specialist® (CVS) usually leads the team to ensure the VM is properly followed.
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.