Introduction
Value Management (VM) is a focused, team-oriented, structured methodology for achieving your company’s profit and market objectives. The VM methodology works equally well on the design of a product and on engineering, manufacturing and business processes and services. In addition to identifying and solving the core problem(s), overall performance improvement and cost reduction are the typical results of a VM workshop.
The VM methodology follows the sequence shown in Figure 1. A selected, cross-functional "task team" starts by gathering and developing the information required to understand the product, process or service. The information is stated in function terms.
(A function is the intended operation of a product, process or service.) Functions are then organized in a logic sequence model that reveals their inter-relationships. With the project understood and described, the team speculates on alternative methods to accomplish the functions listed. These alternatives are evaluated to select the best solution. Once the solution is chosen it is developed more fully and presented to management or a steering committee that has approval authority and can provide resources to implement the recommendation(s).
The Value Management cross-functional team is generally composed of 5 to 7 people for a short, very focused period of time. Most teams are formed from existing product or project teams and often include the end item customer and/or suppliers. The team should represent those who own the problem, those impacted by the problem and support functionals as necessary. An accelerated VM workshop may be accomplished in one 40-hour week. Other schedules are possible, provided continuity of the methodology is maintained.
Value Management Job Plan
Figure 1
Team facilitator
Using the VM methodology requires an experienced facilitator. A SAVE International recognized Certified Value Specialist (CVS) is recommended. The facilitator’s primary role is to orchestrate the study, adjusting the tool employed to achieve a successful outcome. The facilitator is not a primary team member but may contribute his/her subject expertise to the team. It is important to remember the results of the study are dependent on the team and not the facilitator. The facilitator (provided by management) is a resource to the team.
Team leader
Each study/project should have a designated team leader. Often that person will be responsible for validation and implementation of the team’s recommendations. The leader may be the owner of the study problem provided he/she does not impose solutions on the team. After participating in a VM study and being exposed to the VM methodology and techniques from a qualified facilitator, some team members may desire to develop their VM skills and acquire the experience necessary to allow for future "self directed" teams.
The benefits
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The ability to identify and address an opportunity or problem and come to a successful resolution in a short period of time.
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Create a team culture.
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Develop implementable results.
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Focus on the functions of a product, process or service to ensure the team is doing the right job as well as doing the job right.
CONTACT
Ball Associates, Inc.
3630 Tahoma Place W.
University Place, WA 98466-2143
Ph/Fx: 253.460.3753
E-mail:
HankBall@drizzle.com
Web:
http://www.BallAssociates.com
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