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February 2021
Introduction to Value Management - Fostering Innovation

Our past President Mike Pearsall and Rakesh Shreewastav will be presenting an intro session to CSCE (Canadian Society for Civil Engineering) national audience next week. 

This event is FREE and no restrictions for non-members of CSCE. More details at https://www.cscetoronto.ca/upcoming-events


About this Event
Value Methodology, also known as Value Engineering (VE) or Value Management (VM) is a systematic and function-based approach to improving the value of products, projects, or processes. It uses a combination of creative and analytical techniques to identify alternative ways to achieve objectives.

Value Management involves a team of people following a structured process. This process helps team members communicate across boundaries, understand different perspectives, innovate, and analyze.

THE BENEFITS FOR AN INDIVIDUAL USING VALUE MANAGEMENT INCLUDE:

• A systematic approach to solving problems.

• Self-satisfaction from contributing ideas towards solutions and participating in an energetic workshop.

• Improvements in knowledge and abilities through cross-disciplinary expertise sharing.

• Participation in a transparent process that results in more informative decisions.

THE BENEFITS FOR AN ORGANIZATION USING VALUE MANAGEMENT INCLUDE:

• A Return of Investment typically ranging from 20:1 to 100:1.

• Cost savings while achieving required functions.

• Improved understanding of the project and validation of costs.

• Improved stakeholder engagement.

• Objective selection among competing priorities or solutions.