VALUE MANAGEMENT

DO WE SEE THE DIFFERENCES?

HOW ABOUT THIS?

"INSTEAD OF TALKING ABOUT 'THINGS', VA TALKS ABOUT FUNCTIONS"

VALUE TERMS

WORLD PRACTICES

GLOBAL SOCIETIES

COUNTER VALUE

ESTEEM VALUE

USE VALUE

LARRY MILES

• Organised effort
• Analysing functions
• Cost effective manner
• Meet customer requirements

CARLOS FALLON

• Value = worth / cost
• Worth is the least cost of providing the needed function
• Cost is the original cost

ILLUSTRATION

• Basketball field nearby the prison blocks
• Demarcate a boundary of restricted area
• Function 1: alienate space

BRICKWALL

WHITE LINE WILL DO

HANG ON!

CHAIN LINK FENCING

VALUE GAP

THE POWER OF BRAIN

DR MAZLAN

• Rigorous, systematic and innovative methodology
• Multi disciplinary approach
• Achieve better value and cost optimisation
• Without sacrificing the required performance level

DELL 'ISOLA

VALUE APPROACHES

• Cost reduction
• Function increase
• Compound
• Expanded growth

COST REDUCTION

FUNCTION INCREASE

COMPOUND

EXPANDED GROWTH

VALUE FOR MONEY

VM FAMILY

INTERVENTION VS BENEFIT

MISCONCEPTIONS

CHARACTERISTICS

• Systematic process
• Multi disciplinary approach
• Function-based technique
• Customise quality
• Life cycle cost oriented

THANK YOU