Strategic Value Engineering

By: Deliberate Creativity  09-12-2011
Keywords: Engineering

Design Improvement for Better Profits, Sales, Costs, Quality, Environment, etc 

The classic method of Value Engineering has guided many of our most successful projects.  The uniqueness of our approach to VE has been to greatly expand the creativity and insight methods and to ensure that project teams have a strong grounding in the elements of business and business strategy that set the context for success of the projects.  We have delivered basic, certified, and advanced training in these areas, and lead successful studies with construction, manufacturing, and service projects around the world.  Dr. Chris Barlow is second generation in the field, a Certified Value Specialist (Life),  a former secretary of the Certification Board of the Society of American Value Engineers, and a researcher who earned his doctorate for a study of the effectiveness of the tools of Value Engineering.

Companies must aggressively find ways to deliver better products and services, as costs rise and price increases are resisted.  Simply looking for cost reductions has limited success, and often damages long-term strategic success. Value Engineering (also called Value Management or Value Analysis) is a well-tested way to organize efforts to improve designs for better costs and profits, as well as optimizing other factors.  Not only is it a strong profit strategy for those contracting with the United States government (they give you half the savings) but it is a powerful way to discover designs that better fit the balance of a company's strategic goals.  The process can be applied to anything with a design, whether product, service, process, facility, building, organizational structure, even corporate strategy. 

Since the late 1940's, managers and engineers using the name "Value Engineering" (VE) have been leading cross-functional teams improving the designs of products, processes, services, organizations, and strategies.  some practitioners have used names such as Value Management, Value Analysis, and Value Improvement.

The tool kit of methods, strategies, and activities developed and tested by these real world managers dealing with real problems and real organizations in every possible technology and industry can help any team utilize its expertise and knowledge more effectively and creatively.

A team that covers all the relevant aspects of a problem or design and follows the Value Engineering process can:

A competent, well-managed design organization trying to get a design completed on time, with no errors, at minimum cost, rarely has the resources to seek out these opportunities.

VE assembles the relevant resources and has the luxury to only look for opportunities for improvement.  With proper leadership and the luxury of time, the Value Engineering team can find the opportunities, and speed their evaluation and implementation.  With the strategic business thinking concepts we cover as appropriate, teams develop ideas in harmony with company strategy, helping build a strong future for the company.  In addition, the skill building and team building impacts of these studies provide a long term improvement in organizational effectiveness.

The Co-Creativity Institute 551 Roosevelt Road  Suite 112   Glen Ellyn, Illinois 60137 USA (630) 221-9456 http://www.cocreativity.com

Keywords: Engineering

Contact Deliberate Creativity

Email - none provided

Print this page

Other products and services from Deliberate Creativity

09-12-2011

Strategy Planning Retreat

Our goal is for the strategic and executive team to leave with a clearer idea of each other's goals and perspectives, a common sense of the organization's mission, strategy, and tactics, and relationships among attendees that will greatly facilitate the implementation of the strategy based changes and tactics.


09-12-2011

Education for Consultants

We can operate as principal in charge for projects, deliver our education and leadership services within the context of your project or education program, or custom design an education program for your targeted consultants and facilitators.


09-12-2011

Public Courses

This program first of all develops a deeper understanding of the facilitation process and gives a unique perspective on the processes by which the standard tools and techniques of the field contribute to success. The Co-Creativity Institute 551 Roosevelt Road Suite 112 Glen Ellyn, Illinois 60137 USA 221-9456 http://www.cocreativity.com.


09-12-2011

Corporate Education Services

Learning to talk about management, leadership, and strategy is rarely enough, but is often the only result of training programs and graduate education. We push for participants to prepare for and follow-up these sessions with reading and real world experimentation with the concepts being covered. We blend relevant theoretical concepts with immediate application to real goals of the individual and organization.


09-12-2011

Leading Teams and Collaborations

We work with your organization to define a project, assemble the right people for a relevant, implemented solution, and lead the collaboration to a clearly defined plan for the next steps, providing "just-in-time" training on highly effective creativity and insight techniques. Our breadth of experience prepares us to assist most complex cross functional team projects, regardless of industry, goal, or team membership.


09-12-2011

Keynote Presentations

With our experience organizing and leading corporate strategy retreats and professional conferences, we can go beyond keynote presentations to other facilitating events and activities that help you accomplish your goals. We are experienced at fitting the specifics of your company, your industry, or your strategy within our presentations to make the keynote message meaningful and effective.