The objective of the program is to equip participants with basic theory and step by step hands on practice so as to enable them to carry out Value Management activities in their organization to improve profitability. This will be accomplished by Applying VE principles to identify the un- necessary cost in the Products, Processes and Systems, and reducing/ eliminating it.

VE and VM are basically same, but different terminology has been used by Engineering ans Management disciplines.

WHAT IS VALUE?

Value is a measure of satisfaction derived by a customer out of a product or service, which has been designed, produced and delivered in conformance to measurable standards that reflect, stated or implied customer needs.

WHAT IS VALUE MANAGEMENT (V.M.)?

VM is a discipline comprising a well-defined system of a series of techniques directed at

· Identifying the function of a product, service, equipment, process or procedure;

· Establishing a value of these functions,

· Generating ideas through creative approach to perform them at lowest possible cost while maintaining same or improved quality, and thus ensuring the best value.

WHY V.M.?

The globalization and W.T.O. have thrown challenges on survival of businesses. The Chinese goods are flooding the markets with low priced, yet reasonable quality products. Today’s modern, competitive business environment demands specific tangible controls on cost and improvements in quality…which could mean difference between the winner and plodders. Winners will choose to train their people for cost consciousness and other benefits through V.M.

WHO SHOULD PARTICIPATE?

C.E.O.’s, Unit Heads of organizations dealing in manufacturing or marketing of Products or Services

Heads of different functions in the manufacturing, marketing, financing, procurement, Engineering, Design etc.

Line managers/Supervisors, workers and everyone who is consuming money/resources.

BENEFITS

Corporations Individuals

Increased Profitability
Enhanced Customer Satisfaction Sense of fulfillment
Improved quality of products and Team work

services

Improved resource efficiency Skill enhancement
Simplified procedures Goal Orientation
Minimizing paper work Sense of belonging
Increased procurement efficiency Better career prospects
Optimizing construction costs

THE VALUE WORLD EDGE:

Value World is the most experienced consultancy organization offering services in the systems and techniques of VM towards achieving the goals of practical demonstrable financial and other benefits resulting from implemented recommendations.

Directed by Shyam B. Gupta, cvs (life), who has more than 30 years of engineering background in Automobile industry viz., TELCO, ESCORTS, and KELVINATOR & HERO-HONDA. After having a successful career in R&D, he switched to manufacturing in last 5 years.

He had also been the member of Indian Value Engineering Society (INVEST), CVS Certification Board. He has also served VM in several important forums such as:

A.C.M.A., Western Region, Mumbai.
CEO’s forum organized by INVEST, Northern Zone.
IMI, New Delhi
3 day VM workshop at Indo-German tool room at Indore.
5 day VM workshop for CPWD, Training center at Ghaziabad.
3day workshop for Railway Staff College, Baroda.
2 day VM course for Finance Executives of Public Sector and Govt.Organizations, at NIFM, Faridabad.
SIVAM conference in 1980 at Bangalore: won the Best Paper award.
SIVAM International conference as Chairman of Technical committee; also won the Award for excellence for Hero- Honda.

· Hyderabad Industries Ltd., faridabad

· Faridabad Industry Association, Faridabad

· Satyam Ventures Ltd., Hyderabad

S.S. VENKATRAMAN (Life CVS)

Truly vetaran in VM, Venkat is a graduate in Mech. Engg. From Madras University and practiced VM in Indian Railways for 10 years. He left as Director Railway Board to further the cause of VM.

In last 30 years, he has trained hundreds of professionals and has thousands of VM Projects to his credit in India and abroad. He has done an indebted service to the cause of VM both in India and abroad;to name a few:-

38 ordnance factories
Tata Steel / Telco, Jamshedpur
J.K. organizations
Kirloskar group, Pune
SAIL Plants
Metrimpex / Senzor / GSZI / HUNGAROTEX, Hungary
International Building Council, Rotterdam
World Bank
University of Brunel Bath, Reading, USA and Kingston, Uk

The Strategy for introduction:-

1. One- day awareness program for Top Management including, the C.E.O., all Division heads, Module heads(15~20 in all). This will include

· Awareness, getting conviction

· Forming a Steering Committee

· Forming Core Teams

· Deciding direction for Project Selection

2. Two day Two day Program for middle level managers(Teams formed Above). This includes

· Awareness, getting conviction

· Project Selection

· Completing Team Formation

· Start Data collection about selected projects

3. Five day Workshop, as per S.A.V.E. guidelines

· Learning theory

· Applying theory to complete all the system steps

· Formulating Recommendations

· Presentation toTop Mgt.

· Getting approvals for implementing

· Begin to implement

4. Start Training of teams in middle and lower levels including workers

· Now form VALUE CIRCLES

· Decide code of ethics

5. Institute a REWARD & Recognition System

5 Day V.E. Workshop as per S.A.V.E. guidelines

S.A.V.E., U.S.A. has laid down a day to day guide line for conducting 5- day workshop, leading to Associate Value Practitioner (A.V.P.) certificate. This is followed the world over and is the most effective way to obtain results on the selected projects.

Day 1 : Orientation

: Project information familiarization phase

Day 2 : Function Phase

: Identify/ Define functions

: Categorize Basic/ secondary/ unnecessary

: Drawing F.A.S.T. Diagram

: Function costing

Day 3 : Function Phase continued

: Function Worth

: Identify high Potential functions

: Creative phase on selected functions

: Generate maximum of ideas on selected functions

Day 4 : Analysis Phase

: Select criteria for acceptability of ideas

: Decide weightages

: Rate and evaluate ideas

: Cost estimation of judged ideas

:Complete idea evaluation process

Day 5 : Recommendation Phase

: Decide on recommendations

: Refine proposals

: Prepare slides/ Power point presentations/ rehearse

: Make presentations to top management / get approvals

: Decide implementation details/ schedules/ follow- ups

: Future Work

: Feedback and free discussion

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