Value Management (VM) is the creative team based world class methodology that optimises value in products, services, projects, processes and organisations. Best practice VM is described in BS EN 12973:2020 and delivers an optimum balance between function, performance, quality, safety, risk and cost. The proper balance results in optimised value.
- Widely used throughout industry, public and not-for-profit sectors
- Features organised facilitated team working and innovation
- Return on Investment of typically between 10:1 & 100:1 or more.
VM is a globally recognised professional discipline with its own institutions (Institute of Value Management in the UK) and suite of professional qualifications.
The focus of our VM1 course is to give participants:
- A clear understanding of each of the core elements of Value Management
- The skills to participate actively and effectively in Value Studies
- Required preparation for professional value management qualifications (QVA & PVM).
Please contact me to discuss your specific requirements.
Laura Robertson, Course Director
Course content
1. Core VM frameworks
VM frameworks provide the robust structure required for all successful VM studies:
- Scoping VM studies
- Core VM study workflows
- Function / FAST amalysis
- Creativity & evaluation workflows
- BS EN 12973:2020 & Value for Europe
2. Managing stakeholders
Effective stakeholder management lies at the heart of all successful VM studies:
- Stakeholder value research & analysis
- Co-creating VM terms of reference
- Managing stakeholders expectations
- Stakeholder management strategies
- High impact communications
3. VM techniques
Effective problem solving is a core competence for professional VM:
- VM study research & data mgt
- Dealing with missing information
- Core VM techniques for investigating:
- Products, services & projects
- Policy, strategy & organisations
- Operational improvement
- Performance management
- Creative problem solving & innovation
- Option appraisal
4. Delivering results
Benefits realisation is the key to value delivery for all VM studies:
- Project management frameworks
- Best practice VM study follow-up
- Continuous improvement methods
- Change management techniques
- Developing effective partnerships
- Optimising procurement / outsourcing
- Rescuing stuck or failing projects
- Developing your VM career
- Professional VM qualifications
Key benefits
Comprehensive delegate pack
- Complete set of course notes
- VM process templates
- Copy of interactive workshop records
- Real world VM case studies
- Professional networking
Stakeholder management skills
- Techniques to rapidly build credibility
- How to win business
- Dealing with difficult clients
- How to run problem solving workshops
- Marketing professional VM services
Tools, techniques & frameworks
- World-class VM process models
- Product, service & project optimisation
- Approaches to VM fact finding
- Strategy & policy development
- Organisational development
- Methods to boost productivity & quality
- Creative problem solving techniques
- Change management frameworks
Real world VM studies, e.g.
- Product & service improvement
- Project value optimisation
- Competitive strategy
- Corporate strategy
- Feasibility studies
- Go to market / product launch strategy
- Lean process improvement
- Major systems engineering projects
- Organisational restructuring
- Strategic marketing
- Major IT / IS projects
- Asset investigations
- Outsourcing
- Service reviews
- Accommodation reviews
- DIP / workflow
- Mobile / remote working
- Start-ups
- Option appraisals
- Venture capital
- Joint ventures
- Social enterprises
- Project rescues
- Turnarounds
Course fees
Course fee per participant is £1,500 + VAT = £1,800.00
1st of 3 x Live Online VM courses leading to the Professional in Value Management (PVM) Qualification
NB Course structure and content are subject to ongoing improvement and change.