Welcome
About the Chapter
Welcome to the new Greater Los Angeles Chapter of SAVE International®. The Chapter hopes to provide you with networking opportunities and resources to improve your knowledge of the Value Methodology (VM) also known as Value Engineering (VE), value analysis and value management. The chapter is dedicated to improving value to program, projects and processes. The Greater Los Angeles Chapter conducted the first chapter meeting in October 2013. The chapter will announce future meetings through the blog and direct emails. Please contact us if you have any questions or visit the SAVE International® website at http://www.value-eng.org/.
What is VE?
The value methodology (VM) is a systematic and structured approach for improving projects, products, and processes. VM, which is also known as value engineering, is used to analyze and improve manufacturing products and processes, design and construction projects, and business and administrative processes.VM helps achieve an optimum balance between function, performance, quality, safety, and cost. The proper balance results in the maximum value for the project.
Follows the SAVE International’s ® standard job plan, which consists of six phases:
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Information: Gather information to better understand the project.
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Function Analysis: Analyze the project to understand and clarify the required functions.
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Creative: Generate ideas on all the possible ways to accomplish the required functions.
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Evaluation: Synthesize ideas and concepts and select those that are feasible for development into specific value improvements.
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Development: Select and prepare the ‘best’ alternative(s) for improving value.
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Presentation: Present the value recommendation to the project stakeholders.
The best results are achieved by a multi-disciplined team with experience and expertise relevant to the project being studied. A Certified Value Specialist® usually leads the team to ensure the Value Methodology is properly followed.
