Professional Documents
Culture Documents
Certification Examination
Study Guide
Issued with Eleventh Edition Certification and Recertification Manual – Effective September 1, 2011
This document supersedes all previous documents issued
Study Guide
Introduction .................................................................................................. 1
Examination Objectives................................................................................ 1
VM Standard ..................................................................................................
Introduction Conference. At other times, candidates may
arrange to have the examination proctored by an
This study guide is written to assist certification individual approved by the SAVE International
candidates in preparing for their written Certification Board. The details of arranging for a
examination. It is intended to assist candidates proctored examination are described in the
discover where their knowledge of the value Certification Manual.
methodology (VM) and its applications need to
be strengthened. This guide includes the VM Examination Objectives
Body of Knowledge and the glossary of VM
terms as currently found in the Value Standard. The certification examination is designed to test
The material taught in the Module I Workshop the candidate's knowledge of fundamental VM
and the Module II Advanced Seminar courses concepts through the use of a variety of question
closely parallels this body of knowledge. How formats. Candidates for the different levels of
well you do on the certification examination is a certification (AVS, VMP, or CVS) will find
reflection on you, your course instructors and themselves being asked questions appropriate
your advisor. The examination however, as an to that level of certification (See Figure 1). In
encouragement to the use of standard terms, addition, the essay portion of the examination for
will follow the definitions listed in the Value CVS candidates tests the ability to articulate
Standard. comprehensive VM knowledge in response to a
particular question. This is intended to measure
Certification examinations are given each year effective communication abilities as well as
preceding the SAVE International Annual knowledge of VM.
Part III. FAST Work Problem Not 100 points 100 points
Identify, classify functions and draw a FAST Applicable 60 minutes 60 minutes
diagram
Part IV. Team Building Not 100 points 100 points
20 questions (True or False) Applicable 30 minutes 30 minutes
Part V. Certification Not Not 100 points
25 questions (True or False) Applicable Applicable 15 minutes
Part VI. Financial Not Not 100 points
Identify VM opportunities, first costs, annual Applicable Applicable 30 minutes
costs, and break-even point
Part VII. Essay Not Not 100 points
Choose topic and prepare an essay Applicable Applicable 45 minutes
demonstrating VM principles
Total Exam Time 1 1/2 hours 3 hours 4 1/2 hours
Score to pass: 70 %
70% achievement is required for each category. Grades will not be averaged.
Figure 1 Examination Matrix
1
Examination Requirements Sources:
1. Review Module I function analysis text
Figure 1 shows that each of the three levels of materials and exercises.
certification requires different parts of the 2. Practice with your advisor to gain
examination. The AVS candidate is required to proficiency. Strive to use action verbs
take the first two parts, the VMP candidate the and measurable nouns.
first four parts, and the CVS candidate all seven
parts. Each part is graded separately on the Part III. FAST Work Problem - The
basis of 100 points. A minimum of 70 percent is candidate will be required to express the
required to successfully pass each part. common object illustrated in function terms;
Candidates will be required to retake only those classify the functions as basic, secondary,
parts failed. Re-examinations can be taken at supporting, assumed and higher order functions,
the candidate’s convenience, not to exceed one to prepare a FAST diagram using those
year from the previous examination. However, functions. Sixty percent (60%) of the grade for
the policy is that no more than two re- Part III tests your ability to identify the proper
examinations will be allowed. A CVS candidate functions for a project and its component
who is currently certified as an AVS or VMP is elements (parts). Also included is credit to
required to take only those sections of the properly classify functions. Ten percent (10%)
examination not previously completed of the grade tests your ability to properly label a
successfully. FAST diagram. All remaining credit (30%) tests
your knowledge of creating a FAST diagram
Completion times shown in the individual parts using proper function logic (How/Why) and
of the examinations are shown only as a guide. proper placement of functions in the chosen
The candidate may allocate time as required to FAST diagram model.
each part so long as the examination is
completed in the total allowed time. Sources:
1. Review Module I and Module II texts
Preparation for Examination and class exercises.
2. Practice with your advisor, using all
Part I. Fundamentals - The 40 multiple three (3) main types of FAST diagrams.
choice questions test your comprehension of the 3. Learn the labeling by studying the
history of the value methodology, including the material in Appendix B.
job plan, function analysis, FAST diagramming, 4. Download and review the Function
function cost, function worth, creativity, Monographs on the SAVE website.
evaluation techniques, program management,
certification program and implementation Part IV. Team Building - This part of the
techniques. examination recognizes the vital role that teams
play in successful value studies and
Sources: implementation of value proposals. The 25
1. Review text materials from the Module I questions are aimed at testing your knowledge
course. of attributes of team members, team dynamics,
2. Review the Certification and consensus building, habits and attitudes,
Recertification Manual, and this Study roadblocks to creativity, and making an effective
Guide. presentation.
2
Teams”, Rea Gorin Cook, CCC, CTM, • Clarity of Presentation (20%) - Has the
1997 SAVE International Proceedings essay presented the material logically
and in an easily understood order?
Part V. Certification Program - These 20
questions are aimed at testing your Sources:
understanding of the general requirements for 1. Read a text on creative writing and
certification, recertification, workshops and prepare several essays relating to the
seminars. unique concepts of the value
methodology.
Source: 2. Review Appendix C: “What is an
1. Module II course material Essay?”
2. Review the Certification &
Recertification Manual, Comprehensive Review
Workshop/Seminar Manual
Part VI. Financial - Currently there are two While there are a number of extremely valuable
sets of questions related to the financial aspects texts available in the value methodology, the
of value studies. One set (five questions) one that stands out for covering all aspects of
addresses industrial financial analysis. These VM is Value Engineering Theory, by Donald E.
questions test categorizing costs, calculate Parker (available from the SAVE International
value study costs and returns on investment, bookstore) and its companion, Instructor’s Guide
understanding of initial costs, recurring costs for Value Engineering Theory Course. It
and break-even analysis is tested. provides not only a comprehensive text, but it
will furnish excellent review questions and
The second set (seven questions) addresses answers for each of its 11 basic lectures.
financial analysis. These questions test
categorizing contractor costs, calculate value In addition, there are several other texts that will
study costs and returns on investment, be valuable in understanding the value
prioritizing value objectives using calculated methodology and passing the examination. All
value indices (value index), and life cycle costs. are available from SAVE International.
Source:
1. Review Module II text and class exercises. Value Engineering for the Practitioner, by J.
2. Review this Study Guide and the Value Jerry Kaufman is aimed at productivity
Standard improvements by increasing the value of
products and services to the markets and
communities.
Part VII. Essay - The candidate is asked to
prepare an essay on one of seven value
A third one to consider is Value Analysis in
methodology related questions. As an aid in
Design by Theodore C. Fowler. Fowler's focus is
preparing for this question, the criteria used in
on how modern methods emphasize customer
grading the question are:
needs to prevent product denigration by
inappropriate cost reduction.
• Content Relevance (60%) - Has the
essay demonstrated a comprehensive If you want to search for specific aspects of the
knowledge of the subject? value methodology, the SAVE International
• Ingenuity of Presentation (20%) - Has Knowledge Bank offers a comprehensive
the essay presented the material in an collection of conference technical papers, Value
interesting format that will inspire the World papers, and newsletter articles. The
reader? Knowledge Bank is located on the SAVE
International website.
3
Appendix A – FAST Diagramming
In the Value Methodology, functions are defined with two words, a verb and a noun. This
enhances specific understanding. The noun should be measurable and thereby permit
quantification for establishing worth.
EXAMPLES
The first step is to define all the functions that the value study team believes are involved in the
project. Then functions are classified as basic or secondary. For small projects, this is a relatively
easy task. For complex projects it becomes more involved and can result in literally hundreds of
functions to be defined using this random basis. It was for these complex projects, that FAST
diagramming was developed.
FAST (Function Analysis Systems Technique) is a technique which specifically illustrates the
relationships of all functions within a specific project utilizing a How-Why logic pattern based on
intuitive logic. The original FAST is referred to as Classic FAST. The second, known as Technical
FAST, was developed to separate functions that occur only one time, and those "all the time"
functions that are active whether the system is operative or not. These "all the time" functions are
shown separately from the main function logic. The third and latest, User/Customer FAST, is
always headed by four supporting functions, Assure Convenience, Satisfy User, Assure
Dependability and Attract User.
The following pages illustrate the format and labeling of the three types of FAST diagrams.
4
PROJECT
HOW OBJECTIVES/ WHY
SPECIFICATIONS
MINOR FUNCTION LOGIC PATH
INDEPENDENT DEPENDENT
FUNCTION FUNCTION
INDEPENDENT
FUNCTION
CONCEPT
CONCEPT
ACTIVITY ACTIVITY
MAJOR FUNCTION LOGIC PATH
5
HOW DESIGN ONE TIME ALL TIME
OBJECTIVES FUNCTIONS FUNCTIONS
Caused by or
happens the
same time as
UNWANTED
FUNCTIONS
6
FUNCTION ANALYSIS SYSTEMS TECHNIQUE
Customer-Oriented FAST
HOW? WHY?
Basic Functions
Secondary
Basic
Primary
Basic
Secondary
Basic
SCOPE LINE
Higher Order
Assure
Functi on
Convenience Third Level
Supporting
Secondary
Supporting
Assure
Dependability Third Level
Supporting
Secondary
Supporting
Enhance
Product
Please
Senses
7
Appendix B – What is an Essay?
Introduction: Statement of Thesis
Essays like paragraphs develop one main idea. The main idea of an essay is called a
thesis statement, and it is expressed in the introduction, usually at the end of the
introduction. Like the main idea of a paragraph, a thesis is a general statement. The
statement that serves as a thesis for an essay is often more general than the topic
sentence of a paragraph but not as general as a thesis of a book.
An introduction serves as a contract between a writer and his or her readers. In the
introduction, a writer makes specific commitments that must be fulfilled. The most
important of these is the thesis statement, which commits the writer to a specific focus.
In effect, it provides the reader with an accurate expectation of what the writer plans to
do – the main idea that the writer plans to develop.
In general, a good introduction accomplishes three purposes:
1. It attracts the reader’s interest,
2. It provides the reader with background definition,
3. It focuses the reader’s attention on the main idea of the essay.
Body: Development of Thesis
The body of a unified coherent essay consists of a number of related paragraphs that
develop the thesis.
The individual sentences within each paragraph support the main idea (topic sentence)
of the paragraph and the paragraphs support the main idea (thesis) of the essay.
A writer develops the topic sentence of a paragraph by discussing, explaining and
expanding the idea that it expresses. A writer develops the thesis of an essay in the
same way. Both topic sentences and thesis statements are general statements that
must be supported by specific facts, details, and examples. In an essay, a writer usually
devotes a paragraph to each major supporting point. Each of these supporting points is
directly related to the thesis and helps develop it. But each major supporting point is
also developed individually as a paragraph.
Writers often develop the paragraphs that make up the body of an essay by using the
familiar methods of development – narration, description, illustration,
comparison/contrast, classification, cause and effect, and definition. Although
sometimes you may use a single method for an entire essay, it is much more likely that
you will use a combination of methods.
Conclusion: Re-emphasis of Thesis
The conclusion of an essay, like the conclusion of a paragraph, gives the reader a sense
of completion. Conclusions usually refer back to the introduction or, at least re-
emphasize in some way the thesis stated in the introduction. Often the conclusion
briefly summarizes the thesis and the major supporting points. A good conclusion
always confirms the audience’s understanding of what they have read by reminding
them of the writer’s purpose. Like introductions, conclusions provide readers with an
overview.
Adapted from Contexts: Writing and Reading by Jeanette Harris and Ann Mosley
8
VALUE STANDARD
and
BODY OF KNOWLEDGE
June 2007
Value Standard and Body of Knowledge
Table of Contents
Page No.
J Acknowledgements ...............................................................................................................2
J Value Standard
Value Standard..................................................................................................................5
J Body of Knowledge
History .................................................................................................................................7
Overview ............................................................................................................................8
Applicability .....................................................................................................................10
Glossary.............................................................................................................................21
J References .......................................................................................................................................... 28
Value Standard
1) Define the steps and components that Users of the Value Standard should be
constitute a valid Value Study. aware that some governing bodies require
that value engineering facilitator hold
2) Document supporting information that specific licenses or other credentials not
defines a generic methodology, identified by the Value Standard. If so, the
common terminology, and standard user should identify such considerations
practice to guide practitioners and when soliciting and contracting for value
managers in effectively applying value methodology services.
methodology to improve the value of
their projects.
The Job Plan consists of the following and the associated value improvement
sequential phases. (See Figure 1, page 13): opportunity.
Body of Knowledge
Overview
The value methodology is a systematic The identification and naming of project
process used by a multidisciplinary team to functions enables clear thinking by limiting
improve the value of a project through the the description of a function to an active
analysis of its functions. Value is defined as verb that operates on a measurable noun
a fair return or equivalent in goods, services, to communicate what work an item or
or money for something exchanged. Value activity performs. This naming process helps
is commonly represented by the multidisciplinary teams build a shared
relationship: understanding of the functional
requirements of the project and, as a result,
Value ≈ Function/Resources it allows them to identify where
opportunities for value improvement exist in
where function is measured by the the project.
performance requirements of the customer
and resources are measured in materials, Function analysis can be enhanced
labor, price, time, etc. required to through the use of a graphical mapping
accomplish that function. A value tool known as the Function Analysis System
methodology focuses on improving value Technique (FAST), which allows team
by identifying alternate ways to reliably members to understand how the functions
accomplish a function that meets the of a project relate to each other.
performance expectations of the customer.
A fundamental tenet of a value
Function Analysis is the foundation of a methodology is that basic functions (the
value methodology and is necessary
the key activity that purpose of the
differentiates this body of Value is defined as a fair project) must be
knowledge from other preserved. This is
problem-solving or return or equivalent in goods, because the
improvement practices. services, or money for basic function
During the Function Analysis reveals the
Phase of the Job Plan,
something exchanged. usefulness of the
functions are identified that project and the
describe the work being reason for its
performed within the scope of the project existence. For example, the basic function
under study. These functions are described of a wristwatch could be “indicate time.”
using two word, active verb/measurable Other secondary functions support the
noun pairings, for example one function of basic function. These secondary functions
a hammer is to apply force. The team typically provide esteem, dependability, or
reviews the project’s functions to determine convenience value for the user. An
those that could be improved. These may example is a gold watchcase that performs
be project functions that seem to be an aesthetic function which pleases both
performed inefficiently or with more than customers and those whom they want to
expected cost. These functions become impress.
the focus of the value methodology team
in their endeavor to improve the project.
The value methodology is applied using a While a Value Study is guided by the
process known as the “Job Plan.” The function-based Job Plan, it can be further
purpose of the Job Plan is to guide the supported by many commonly used
Study team through the process of business improvement techniques (See
identifying and focusing on key project Activities section for examples).
functions in order to create new ideas that
will result in value improvements.
Applicability
Value methodologies can be applied A value methodology can be used to
during any stage of a project’s either develop new ways to
development cycle, although the greatest manufacture a product or change an
benefit and resource savings are typically existing process.
achieved early in development during the
conceptual stages. At this point, the basic y Business systems and processes may also
information of the project is established, but be the subject of Value Studies. Many
major design and development resources elements of a business or an
organization may be improved through
have not yet been committed. The reason
the application of a value
this is the best time to apply a value
methodology is because the manner in methodology. This may be from the
which the basic function of the project is development of business plans and
organizational studies to improving
performed has not been established, and
alternative ways may be identified and existing business processes.
considered. y Service organizations can benefit from
the use of value methodologies. In the
Examples of these applications are: past value methodologies have been
y Construction projects could benefit by used to improve processes and
identifying improvements for various procedures in the medical industry
project phases: concept development, (operating rooms, emergency rooms,
preliminary design, final design, etc.) and the legal system (police
procurement and construction. systems).
Study Duration
A value study generally encompasses three Projects with a concise scope or a low level
stages. (See Figure 1, page 13): of complexity may be performed in less
time. Sufficient time should be allotted to
1. Pre-Workshop (Preparation) adequately apply the value methodology
process and document the team’s findings.
2. Workshop (Execution of the six phase Shortening the time needed to execute the
Job Plan) Job Plan phases may result in a less-than-
optimal result.
3. Post-Workshop (Documentation and
Implementation) Projects of very large scope or complexity
may require 10-15 days or more to achieve
The duration for executing the Job Plan in a the study’s objectives. Consideration of
value study depends on several factors: the these factors is important to ensure that the
size and complexity of the project, the proper time is allocated and needs to be
stage of project development, the addressed as part of the upfront planning
estimated cost of the project, etc. for a value study.
A typical duration for the Workshop Stage is
five-days, which does not include the Pre-
Workshop and Post-Workshop efforts.
Pre
Study
Activities
Stage 1 - Pre Workshop/Study
Stage 2 - Workshop/Study (Value Job Plan)
No
Function
Information Creative Evaluation Results
Analysis
Phase Phase Phase OK?
Phase
Yes
Presentation Development
Phase Phase
Figure 1.
Value Study Process Flow Diagram
Workshop Activities
Pre-Workshop Activities
Purpose: y Distribute information to team members
Plan and organize the Value Study for review
y Develop informational models and
Fundamental Question: diagrams about the project
What has to be done to prepare for a y Determine the study dates, times,
Value Study? location and other logical needs
y Clearly define, with senior
Common Activities: management, the requirements for a
successful Value Study results
y Obtain senior management
concurrence and support of the job
Typical Outcome:
plan, roles, and responsibilities.
The desired outcome is a clear
y Develop the scope and objectives for
understanding of what senior management
the Value Study
needs to have addressed, what the
y Obtain project data and information
strategic priorities are, and how
y Obtain key documents such as scope of
improvement will increase organizational
work definition, drawings, specifications,
value. It is during this phase that a view is
reports, and project estimate
formed as to whether subsequent phases
y Identify and prioritize strategic issues of
are likely to yield sufficient value to justify
concern
the cost of the study within the terms set. It
y Determine the scope and objectives of
may be appropriate to increase or
the study
decrease study parameters at this time.
y Develop the study schedule
Team members are knowledgeable of and
y Undertake competitive benchmarking
committed to achieve the project’s
analyses
objectives.
y Identify Value Team members
y Obtain commitment from the selected
team members to achieve the project
objectives
y Review the project costs
y Gather appropriate customer/user
information about the project
y If appropriate, invite suppliers,
customers, or stakeholders to
participate in the Value Study
Post-Workshop Activities
Implementation Activities y Ensure that new practices become
embedded by establishing and
Purpose: managing an implementation plan
Ensure accepted value alternatives are Typical Outcome:
implemented and that the benefits
The project stakeholders determine what
projected by the Value Study have been
will be changed in the project as a result of
realized.
the Value Study. These are changes to the
Fundamental Question: original concept or base case of a study,
resulting from the value alternatives, that
What are the program changes, and how
the project development will incorporate in
will the project team manage them?
future design or product development
activities.
Following delivery of the value study
preliminary report, management and the
project team should consider and agree
upon the value alternatives to be
implemented and then how and by when
the implementation will occur. In some Value Study Follow-Up Activities
instances, additional study and information
may be required. Implementation of Purpose:
alternatives is the responsibility of Follow up on implementation of the Value
management with assistance from the Study results and improve the application
project and value teams. of a value methodology for future studies.
y Reflect on the value study and consider the value study, comparing the way things
how the experience has developed turned out, and ascertaining how that
new capabilities knowledge affects the way they believed
their own theories in the first place. This is a
Typical Outcome: key step in learning what will help the
Individuals become better value creators organization become better at managing
by reflecting on theories they held before innovation.
Another role of the Value Manager is to ♦ Evaluate ideas using their experience
ensure that the proper amount of Pre- and expertise
Workshop activities take place prior to any ♦ Develop alternatives
Value Workshop. These Pre-Workshop
♦ Present results
activities may not need the attention of the
whole team. However, a successful Value
Study is unlikely without proper planning
Team Members’ Responsibilities
and information sharing so all interested
parties have a clear understanding of the
1. Keep accurate notes as assigned by
purpose and details of the project. This,
team leader
again, is the responsibility of the Value
2. Consult with team leader on any
Manager in charge of the project. If these
problem that may handicap progress
details are properly communicated with
3. Show respect through timely
the clients and customers involved, the
attendance
potential for a successful Value Study is
4. Share workload equally whenever
greatly increased.
possible
Executive Review Board: Senior managers 5. Be willing to admit if they don’t know;
set the initial strategic goals for the Value but strive to get the answer. Don’t be
Study and, at a later date, decide which afraid to make mistakes
outputs will be invested so they can be 6. Stay focused - avoid tangents - follow
implemented. These managers do not the basic problem-solving steps and
always participate in the day-to-day get help from Value Team Leader on
working of the Value Study but are part of what techniques may be most suitable
the overall value program. for the particular problem
7. Don’t waste time discussing whether or
Sometimes managers are designated as not a step should be used; do it and
Sponsors or Champions to support a value evaluate it all after the entire workshop
study and/or the value program within an 8. Understand the approach being
organization. taught and its purpose, including the
reason for each step and the
Technical Champions: Those members of technique being applied
the Value Study team who are selected 7. Do the job together as a team. Don’t
because of their technical expertise. force individual solutions - sell them!
Remember, there can be more than
one solution to a problem
Value Team Members 8. Be a good listener; don’t cut people off
and don’t second guess what other
Value Team members are expected to people are going to say and what they
participate in a Value Study in the following are thinking
ways:
♦ Participate in all meetings
♦ Gather information as requested
♦ Analyze information
♦ Identify functions
♦ Contribute ideas
Value Principles
Strategic Problem/Opportunity Framing
J Historical development of the Value
Methodologies J Reviewing the business case
J Performance-to-cost relationships
hitchhiking VM Study Recommendation
Documentation
J Cost-to-worth relationships
J Document the key information related
J Cost-to-function allocation to a Value Study recommendations
♦ Original Concept
J Function worth identification and ♦ Proposed Change
understanding
♦ Discussion of benefits of the change
♦ Cost impact analysis
J Cost-value relationships
♦ Sketches
J Cost-value mismatches ♦ Implementation considerations
♦ Follow-up actions
J Pareto analysis of major cost drivers
J Investment appraisal
J Initial and subsequent impacts on other J Selecting and leading Value Studies
key attributes
J Coordinating Value Study logistics
J Sketches and other communication aids
J Facilitator skills
J Reporting responsibilities
J Value training
VM Glossary
In 1985, the Lawrence D. Miles Foundation individually and in teams to define, refine
created the College of Fellows of the and finalize a glossary of value related
Society of American Value Engineers terms. In 2006, the Glossary was reviewed
(SAVE), now SAVE International, with the by the Certification Board and those
specific intent of developing a Glossary of definitions most essential to the current
Terms related to value. Over a two year application of value methodologies were
period, approximately 10 Fellows worked identified and refined where necessary.
ASSOCIATE AVS is a recognition designed for individuals who are new to the value
VALUE SPECIALIST methodology. An AVS is encouraged to progress to VMP or CVS
(AVS) certification.
CERTIFIED VALUE CVS is the highest level of certification attainable through SAVE
SPECIALIST (CVS) International. Designation is reserved for Value Specialists and Value
Program Managers who have demonstrated expert level experience and
knowledge in the practice of the value methodology.
Technical FAST Model: A variation to the Classical FAST that adds “all
the time” functions, “one time” functions and “same time ” or
“caused by” functions.
FUNCTION, The specific purpose(s) for which a product, facility, or service exists and
BASIC: conveys a sense of ‘need’. In ‘continuous innovation’ projects the basic
function must always exist, although methods or designs to achieve it may
vary. In ‘discontinuous innovation’ projects, which seek to create new
industries, the existence and persistence of the basic function is itself the
focus of challenge.
FUNCTION, The specific goals (needs) for which the basic function(s) exists.
HIGHER ORDER:
FUNCTION, The function that is selected to initiate the project and is outside the study
LOWER ORDER scope.
(ASSUMED or
CAUSATIVE):
FUNCTION, A function that supports the basic function and results from the specific
SECONDARY: design approach to achieve the basic function.
FUNCTION The lowest overall cost to perform a function without regard to criteria or
WORTH: codes.
JOB PLAN: A sequential approach for conducting a value study, consisting of steps or
phases used to manage the focus of a team’s thinking so that they
innovate collectively rather than as uncoordinated individuals.
PERFORMANCE: The capacity of a product to fulfill its intended function. Factors such as
reliability, maintainability, quality and appearance are some examples.
SAVE For the purpose of a Value Study, the Job Plan shall be facilitated by a
INTERNATIONAL Certified Value Specialist (CVS), or a Value Methodology Practitioner
CERTIFIED (VMP) working under the supervision of a CVS. SAVE International
PROFESSIONAL: Certification requirements are identified by the SAVE International
Certification Board, which maintains a list of currently certified individuals.
SCOPE: The portion of the overall project that is selected for the value study. The
analysis accepts everything within the defined scope in order to focus
attention on the functions within those limits.
VALUE INDEX: A ratio that expresses function cost ÷ function worth. This ratio is used to
determine the opportunity for value improvement, which is usually
identified in the Function Analysis Phase.
VALUE VMP recognizes individuals with basic value training and some experience
METHODOLOGY in the application of the methodology. Value methodology practitioners
PRACTITIONER participate in or lead Value Studies.
(VMP):
VALUE One who applies the value methodology principles to study and search for
PROFESSIONAL: value improvement. Synonymous with value analyst, value engineer, value
practitioner, or value specialist.
References
Publications Catalog, SAVE International: Building Systems,” American Society
Describes textbooks and for Testing and Materials, Publication
educational materials on Value E-1699.
Methodologies and related
programs. This catalog includes Value Certification Manuals (on SAVE
videotapes and information on International
Value World, SAVE International’s website/home/certification)
peer-reviewed, technical journal.
y Certification/Recertification
Annual Conference Proceedings, SAVE Manual
International: Includes all y Certified Workshop Manual
presentations given at each annual y Certification Examination Study
conference. Also available is a value Guide
bibliography, a compilation of all y SAVE International Internet Web
presentations since 1980, and articles Site: http://www.value-eng.org
from Value World. Each presentation
shows title, author, abstract, and Lawrence D. Miles Value Foundation
source. Papers may be individually Internet website:
ordered from SAVE International. http://www.valuefoundation.org