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Certified Value Engineering Workshop
5 Days | 3.5 CEUs

Overview:

Yesterday’s competitive battle was the United States vs. Japan vs. the European Union vs. the developing world. Today’s battle is focused on the value proposition, the implementation of creative ideas. The only way to ensure real growth is to differentiate with innovative  products, services and processes. Creativity and innovation have become mission-critical business skills for coping with a world of accelerating change.The battle is challengers vs. market leaders; disruptive technologies vs. developed products; the power of market share vs. the power of imagination and processes. This course can help you achieve your objectives with proven value management processes that tackle the very factors that control your profitability, enabling you to:

  • Develop new products that are truly innovative and meet cost targets
  • Create and implement innovative strategies that allow you to leapfrog the competition
  • Strengthen existing designs and reduce costs 
  • Utilize a multidisciplined, focused high-performance team approach
  • Build a stronger, more competitive organization through innovation

What You Will Learn:

  • Apply function-oriented thinking to any project
  • Conduct creativity sessions
  • Create FAST diagrams
  • Develop ideas and concepts into detailed proposals complete with business case data and implementation action plans
  • Select project and team members
  • Explain the value concept and reasons for unnecessary cost

Course Content

We are living in a world of accelerating change, higher environmental risks and slower growth. Easily distracted customers pursue the value proposition. Yesterday’s competitive battle was the United States vs. Japan vs. European Union vs. the developing world. Today’s battle is focused on the value proposition; the implementation of creative ideas: 

  • Challengers vs. market leaders
  • Disruptive technologies vs. developed products
  • The power of market share vs. the power of imagination and processes

In this environement, the temporary becomes the rule. Economist Joeseph Schumpter's concept of creative destruction is the order of the day. Companies need a combination of internal and external growth that creates real value for the organization. The difference between what can be imagined and what can be accomplished is disappearing. Our only limit is our imagination, and coupled with the value methodology, it can be our greatest strength.

The only way to insure real growth is to differentiate with innovative new products, services and processes. Creativity and innovation have become mission-critical business skills for coping with a world of accelerating change. An accelerating pace of change requires an accelerating pace of innovation. To be successful in this environment a company must master the challenge of maximum efficiency on one hand and outstanding innovation on the other. Real innovation is the only way to escape the devastating competition that has been driving down margins in industry after industry; the only way to accomodate reduced budgets and increasing demands. Innovation is a company’s most promising long and short term investment and the path to getting and staying anywhere near the top of increasing demands for performance. Success requires the relentless pursuit of value adding improvements that continue to drive growth. If creative ideas aren’t developed, they aren’t going to get implemented.

Whatever the risks inherent in creativity, they’re minimal compared to the risks of stagnation. It is useless to talk about creativity and then retain processes that deaden the imagination and spirit. This course can help you to achieve these objectives with proven value management processes that tackle the very factors that control your profitability, enabling you to:

  • Develop new products that are truly innovative and meet cost targets. 
  •  Create and implement innovative strategies that allow you to leapfrog the competition.
  • Strengthen existing designs and reduce costs.
  • Utilize a multi-disciplined focused high performance team approach.
  • Build a stronger, more competitive organization through innovation.

Specific material covered in this course includes:

  • Value engineering history
  • Value methodology theory
  • Job plan
  • Cost models
  • Function analysis phase
  • Creative phase 
  • Evaluation phase
  • Development phase
  • Presentation phase
  • Post study  
  • People skills
  • Workshop project

CLASS CANCELLATION:

IIE reserves the right to cancel a class up to 15 business days prior to the scheduled start date

 

registration fee

Member: $795
Non-Member: $945

course schedule

No courses scheduled, contact Larry Aft for availability


 
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