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Value Management
Lecture 2 - VM Process
Lecturer : Assoc. Prof. Wan Yusoff Wan Mahmood
Introducing Function to Classical Problem Solving VM Origins of the Process VM Job Plan
Classical Problem Solving Many believe that this step by step approach to decision making produces better decisions. The key being to clearly separate the different stages as they require different types of thinking and analytical processes.
INSPIRING CREATIVE AND INNOVATIVE MINDS
Define and understand the nature of the problem I Identify the required function I Generate alternative ideas for solving the problem I Evaluate the feasibility and acceptability of those ideas I Develop the most favourable ideas I Decide upon the best solution
INSPIRING CREATIVE AND INNOVATIVE MINDS
02/11/2012
VM Origins of the Process Larry Miles of General Electric in the 1940s. Unable to obtain specified parts, he said: If we cant get the part, we must get the function
The Results: Most shortages were overcome Many functions were performed more reliably Cost were often less than the original design
He then asked:
What must the part do? What functions must it perform? What else will do the job? How else can the functions be performed?
VM involves a very systematic process, encapsulated within the job plan. It has a defined beginning and end and is typically is a phased process that cover the five stages of the VM study: Information Creative Evaluation Development Recommendation & Reporting
INSPIRING CREATIVE AND INNOVATIVE MINDS
The five (5) steps of the Job Plan are shown diagrammatically above.
The significant of the arrows is that, while a cascade system is used, each phase flows on from and using the output of the preceding phase, there is frequently reversion to the previous phase, as a result of some discovery or unexpected development.
INSPIRING CREATIVE AND INNOVATIVE MINDS
VM Cycle
DellIsola (1997)
Dropped
PROJECT STARTS
WEEK BEFORE WORKSHOPS
Client inform design team of intention to hold Value Management study at their time of appointment Client appoints VMTC VMTC appoints VM team Design team sends all information to VMTC
Monday Morning - Phase 1 (Information) Client and design team presents the scope of project to VM team. Monday Afternoon - Phase 2 (Creativity) Brainstorming session to search for alternatives Tuesday Morning - Creativity continues Tuesday Afternoon - Phase 3 (Evaluation) Wednesday - Phase 4 (Development) Ideas from Phase 3 - feasible costed technical alternatives Thursday - Development continues Friday Morning - Select optimum costed technical alternative Friday Afternoon - Phase 5 (Presentation) Present to Client and design team. VM team disperse
Pre-study Preparation
Information Gathering
Function Analysis
Value Circle
Development of Proposal
Implementation &
Decision
Follow Up
Yes
Presentation
WORKSHOP
No
Results
02/11/2012
Thank You