Value Methodology Fundamentals (VMF) 2

Course information:

Course will cover topics of cost reduction, Value Analysis Value Engineering (VAVE), Design and process improvement as applied to manufactured products. This course is designed for those seeking a CVS certification, desire to facilitate VAVE workshops, or want effective VAVE activity.

Course objectives:

By the end of the course, participants will be able to:


  • What is Value Analysis Value Engineering?
  • Application of VAVE tools for specific products, processes, and services.
  • Learn how to develop business cases, with associated action plans for implementation.
  • Understanding the application of Function Analysis.
  • Definition Value as a Basic Concept
  • Types of Value
  • Identify Potential Value Improvement Opportunities
  • Define Function Analysis and Purpose of Using Function Analysis
  • Express the Purpose and Procedures of Each Phase of the VM Job Plan
  • How to Develop Recommendations
  • Identify Key Features to Sell Value Opportunities
  • Illustrate Key Value Recommendations
  • What are the Core Competency Education Objectives for VAVE?
  • Select and apply the Value Management tools most appropriate for particular improvement need.
  • How to use function analysis to identify waste, design effectiveness, and improvements
  • Translate improvements into financial terms.
  • Team Facilitation
  • Constructing a Fast Diagram
  • Allocate Resources to Accomplish Functions (Space, Time, Energy, Labor or Staffing, Cost, Materials, Etc.)
  • Prioritize Functions for Potential Value Improvements
  • Elicit Stakeholder Goals and Objectives for the Workshop
  • Assembling Appropriate Team Members
  • Developing an Agenda
  • Arrange Workshop Logistics
  • Manage the Six Phases of the VM Job Plan
  • Developing a Value Program
  • Discussing a Value Program
  • Recognize the need to train managers, team members and decision makers in VM


Target Audience:

This course is appropriate for those responsible for supply base, management, engineering, program management, or other support personnel and especially helpful to the Director or VP with Profit and Loss responsibility.


September, November

5 Days Course – 8:00am to 3:00pm

October, December

5 Days Course – 8:00am to 3:00pm

Other Qualification
Business Courses, Engineering & Construction
With Certification

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