Value Management is a problem solving approach offering Client focused value learning, alignment and realisation. The understanding of function and value is central to Value Management. The emphasis on function helps the project to remove any existing solution orientated paradigms, which may exist amongst the team members and obscure the best ‘Value’ approach.
A quantitative expression of the above would be, Value = function / cost.
Due to our multifunctional experience through our profession, our Practice is able to carry out Value Management sessions in delivering the functional value of a project to the client.
It is recommended that Value management sessions be carried out at the initial stages of the project, yet they could also be carried out during the construction phase of the project.
These problem solving techniques provide the tool for deriving the greatest function for the least cost. Simply put, a product has the best value when it produces the greatest function for the least cost, where function is what an item does, not what it is.
At its most simplistic form, the function of a door hinge can be described to ‘support weight’ and ‘enable rotation’.
Due to our specialisation, experience and generic knowledge of the complex nature of the construction industry, we can assist the client in forming a value management system which will form the basis for carrying out value management sessions with the client and the rest of the project team members in deriving the best functional value of the project.
Such special services are provided only upon request by the client.