ProTrain China Value Management approach

Value Management: 1 day Seminar | PTCVM100 Module 1 | PTCVM101 Module 2

The Value Management process moves from Value Analysis through to Value Engineering – in other words, from gathering information, assembling the data in an organized way and analysing it methodically, to putting the newly gained information and insights into effective management practice. Implementing Value Management tactics helps you to continuously identify value drivers in your service, product functionalities or processes and define ways to improve on them.

What is Value Analysis (VA)

Value Analysis is a systematic method of analysis that is use to design a product, a service, a process in a way that all of the desired and financially functions are fulfilled at minimum cost.

What is Value Management (VM)

Value Management is the implementation of the Value Analysis Management philosophy in the organization and corporate operations, mastering all of the components that define the value of a good, a service, a project or a process. The Value Management ensures that the SOLUTIONS implemented truly CORRESPOND to the functions to be accomplished and, consequently, to a NEED.

Why you need to follow the VM approach?

More than ever, organizations have to fulfill all theirs customer's rapidly changing needs. This has to be accomplished in an ever-increasing competitive world and Shareholders expectations are forcing the use of optimally allocated resources (human, financial & material).

What are the VM Guiding Principles?

  • Management of ends results and not the means.
  • Rationalization and choices.
  • Search of optimal solutions.
  • Development of transversal and cross communications.
  • Building of synergies.
  • Valorization of team efforts.

Source of the VM Advantages

  • More precise direction and clear orientations.
  • Better understanding of real needs and their relative importance.
  • Better risk control.
  • Better decisions.
  • Ability to make cost vs. functions trade offs.
  • Faster market introduction.
  • More competitive products, services, projects.
  • Leaner organization.
  • Better-informed teams and greater commitment to meet corporate goals.

Where does VM apply?

Impressive business results have been delivered over the gears in several north American sectors: Manufacturing, Services, Construction, Transportation, Management Information Systems, Administration, Public Sector (Health, Education).

These sectors used VM to define strategic orientations, develop action plans, improve processes (financial, human resources, transformation, fabrication, marketing, communication, administration), optimize projects, design and improve products and services, structure or restructure organization.

 
 
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