Value Methodology Fundamentals 1 (VMF1)

 

  Value Methodology Fundamentals 1(VMF1) is a prerequisite for 2 international certificates: Value Methodology Associate (VMA) & Certified Value Specialist (CVS) from SAVE International (Society of American Value Engineers)

ABOUT SAVE INTERNATIONAL

SAVE International®, is the premier and sole international society devoted to advancing and promoting the Value Methodology (VM). It offers various education and networking opportunities.

COURSE OBJECTIVES

• Firstly, the course will equip trainees with the required competency level necessary to participate professionally in Value Engineering Workshops.
• Secondly, it will guide the trainees how to pass successfully their Value Methodology Associate (VMA) Exam.
• Thirdly, the course will increase your knowledge and skills related to value Methodology.
• The applications will be on product, projects, or process.
• As well, you will be able to distinguish between cost reduction and value engineering .
• Moreover , the course is fast paced and is delivered in a four day session.

TECHNICAL SKILLS:

Being able to:

• Apply the VE tools and techniques for any project, product or service to save up to 30% without sacrificing quality.
• Identify and classify any project or product‘s functions.
• Study the logic relationship between the projects’ functions.
• From the FAST Diagram “Function Analysis System Technique “, the delegates will become able to select where the unnecessary costs exist.
• Evaluate between alternatives based on its life cycle costs not only the initial costs.
• Consider the non-monetary criteria in the evaluation.
• Avoid affecting the quality negatively in cost reduction.
• In addition, you’ll learn how to make and use Value Engineering models.
• How to convert BOQ to cost model to calculate the saving.

INTERPERSONAL SKILLS

• Changing the mind set by knowing new tools and techniques to manage costs through innovative changes.
• As well ,Knowing the difference between value engineering, value analysis and value management.
• Distinguish between the 3 types of Value: Use Value, Esteem Value, and Exchange Value.
• Enhance the interpersonal skills of working as a team member or team leader “The VM is based on a multi-disciplinary team approach”.
• The team will learn new techniques to generate a wide number of alternatives in a very short time. “VE consider that nothing has only one solution”.
• Evaluate ideas taking into consideration the important non-monetary.
• How to Develop Recommendations
• Identify Key Features to Sell Value Opportunities
• Illustrate Key Value Recommendations

STRENGTHS OF VMF1

• Become eligible for Value Methodology Associate (VMA) exam and international certification from SAVE International after a fast paced 32 hours course.
• It’s a practical workshop. You’ll learn something that is not academic, nor book knowledge, and gain actual practical experience from what you learned, for instance.
• Equip yourself with vital applications. Those applications represent high demand by various clients, especially after COVID-19 to become able to survive in the market.
• Discover VE secrets and professional techniques to reduce your projects’ costs without sacrificing quality.
• In conclusion, you’ll learn a problem solving approach, that had successfully demonstrated its effectiveness, since 1940s.
• In other word, Value Engineering means enhancing the project’s value , optimizing life-cycle cost and customizing quality.

DURATION OF Virtual VMF1

• Total duration :  32 hours ( Intensive course in 6 days only )
• Mondays to Wednesdays only ( in 2 weeks -6 sessions: evening).

HOW SHOULD ATTEND VALUE METHODOLOGY FUNDAMENTALS 1?

• Individuals interested to become a certified Value Methodology Associate (VMA) or Certified Value Specialists (CVS®) are encouraged to attend.
• Attendees may include corporate leadership, engineers of all types, corporate leadership, designers, product managers, project managers, innovation managers, procurement engineers, cost engineers, marketing, finance, quality & manufacturing disciplines.

About Instructor

Dr.Jacqueline Fahmy has more than 11 years of experience in teaching this course .