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Roy Barton University of Canberra Queensland University of Technology The Australian Centre for Value Management
Structure of this Presentation f Hard and Soft Problem situations f Development of definitions of VA/VE/VM f Key Learnings from our actionresearch f Notions of value f Some applications
Roy Barton 2000
A very soft problem What can we do about situations such as the Middle East ?
Note: The What has already been decided. The problem is How to.
Roy Barton 2000
Allowing traffic to cross a river, taking into account environmental, heritage, cultural and social issues
Environment agencies
Miles VA Definition
Value Analysis is a disciplined action system, attuned to one specific need: accomplishing the functions that the customer needs and wants... at the lowest cost.
Value Management Definition - AS/NZS 4183-1994 A structured and analytical process which seeks to achieve value for money by providing all the necessary functions at the lowest total cost consistent with required levels of quality and performance
Definition from: Australian/New Zealand Standard for Value Management AS/NZS 4183:1994 Roy Barton 2000
Value Management
Value Management is a structured, facilitated, process in which decisionmakers, stakeholders, technical specialists and others work collaboratively to bring about valuebased outcomes in systems, processes, products and services
Barton (2000)
y Need to focus on strategic and conceptual planning phases of projects y Need for integrated rather than coordinated outcomes from projects y Need for larger groups as for strategic and conceptual planning
Roy Barton 2000
fFocus on team/project learning fa large number of stakeholders (20-30) fCreating a participatory environment fEffective facilitation is pivotal to this approach
Roy Barton 2000
V=F/C
Function Cost
What is Value
The value of an item must not be based on its price but rather on the utility which it yields
Bernoulli D. (1738)
What is Value
Usefulness
(utility or function)
What is value
Benefit
Usefulness
What is value
Benefit
Usefulness
Importance
What is value
Benefit
Usefulness
Importance
What is value
Benefit
Usefulness
Importance
What is value
Benefit
Usefulness
Importance
What is value
Benefit
Usefulness
Importance
What is Value
An ascribed attribute or property of something which is based on perceived usefulness, importance and benefit.
Resources
Usefulness
Is it Useful?
Is it beneficial?
Is it important?
Is it worth it?
Examples of Soft Value Management Studies f Route selection, National Hwy NSW f TAFE Environmental Strategic Plan f Design brief for a new hospital, Singapore f Asset strategy for sports facilities, ACT
Roy Barton 2000