The Value Management Foundation Course

Value Solutions is pleased to offer the first UK eLearning foundation course in Value Management. The course is offered in collaboration with Cyril Sweett and Impart Links enabling delegates to complete their training in a number of locations around the UK, including Yorkshire, London, Bristol and Scotland.

The course has been developed to make Value Management training and knowledge more readily available at an affordable price and with the minimum interference to the normal day to day running of a company whilst the training is taking place. Advantages of the course include:

• The cost of the training is very competitive, even more so if indirect costs are factored in.
• There is only one day of workshop instruction rather than three as is the norm. In other words, there will only be one day away from normal working duties and no overnight hotel costs will be incurred.
• Delegates can work at their own pace and to their own timescales.
• 'The Value Management Benchmark' and 'Value Management of Construction Projects' books are included in the course fees.
• All workshop venue costs are included in the course fees.

Introduction to the Course

The eLearning Value Management foundation course has been structured to permit self-learning (along with a working session) of Value Management up to an awareness standard. The course is structured into modules which have to be completed in a sequential manner. Each module contains theory, examples and exercises for the student to study and complete.

This interactive learning session forms the first part of the Foundation Course. The second part is a one day working session where students will experience first hand how Value Management tools and techniques are used in a workshop environment. The working day is structured around a comprehensive case study which serves to show how tools and techniques are used as well as highlighting team interactions and facilitation skills.

As part of this Foundation Course the student will have to complete, prior to embarking upon the one day working session, a 1500 word assignment to demonstrate an appropriate knowledge of both Value Management theory and of the case study which will be used during the working session.

The interactive learning document is structured into 3 sections and 10 modules as outlined below.

Module 1 is an introduction to the course which sets out the structure and explains how it is assessed. This module also covers distance learning and explains how it will be carried out.

Module 2 describes the development of Value Engineering and Value Management in construction and manufacturing as well as introducing national and international Value Management standards and the European certification system.

Section 1 – Value Engineering

Module 3 highlights the Job Plan, a fundamental part of Value Engineering and Value Management, as well as detailing Element Function Analysis.

Module 4 describes the Job Plan stages of Innovation, Evaluation and Development as well as some of their associated tools and techniques.

Section 2 – Value Management

Module 5 introduces how Value Management is carried out at a strategic level including detailing tools and techniques commonly applied at this level.

Module 6 details Strategic Function Analysis and how it is commonly carried out. Function Logic Diagramming is explained along with some other common techniques.

Module 7 covers the client’s value system and how to establish it as well as the reasons why it is crucial to get it right.

Module 8 investigates the most common intervention points for Value Management and Value Engineering on a project including outputs at each intervention point as well as the likely duration of workshops and participant number.

Section 3 – Facilitation and Team Dynamics

Module 9 highlights issues that affect facilitation including styles, environment, intervention points and project complexity.

Module 10 introduces teams and team dynamics and why Value Management tends to be carried out in a workshop format.

The Course Package

The course is delivered by a number of TVM's all having extensive Value Management experience both in terms of consultancy and training work. The course material contains:

• Access to the eLearning website containing the theory, examples, exercises, the case studies, guidance notes, an online VM test and links to useful software. Part of the course  can also be made available on an interactive CD upon request.
• 'The Value Management Benchmark', published by Male, Kelly and Grönqvist.
• 'Value Management of Construction Projects' published by Kelly and Male.

Value Management foundation course working sessions will be run at regular intervals throughout the year in suitable and convenient locations around the UK.

The course is offered at a cost of £600 excluding VAT.