Online Fundamentals Introduction Course
by J. Samuel Martin, PE, CVS

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  1. Definition, Use, and Nomenclature
  2. Value Method History
  3. The Decision-making Process
    1. Roadblocks
    2. Pitfalls
    3. Elements
    4. Processes
  4. Value Method Job Plan
    1. Selection Phase
      1. Typical Percentage Return
      2. Assessment of Typical Value Enhancement Factors
      3. Relative Cost Ranking
      4. ROI Computation
      5. Mandated Return Assumption
      6. Team Membership
    2. Information Phase
      1. General
      2. Discussion
      3. Larry Miles' Six Questions
      4. The Concept of Common Understanding
      5. Value Study Preparation
      6. Kicking Off the Value Study
      7. Initial Ideas
      8. Component Identification
      9. Component Costs
      10. Cost Model
      11. Criteria and Limits
      12. Functions
      13. Function Worth and Cost
      14. Function-logic Diagram or FAST Diagram
      15. Needs
      16. Documentation
      17. The Next Step
    3. Creativity Phase
      1. Breaking Out of the Trap
      2. Focused Brainstorming
      3. Affinity Technique
      4. Standard Approach Basis
    4. Analysis Phase
      1. Criteria Weighting Analysis Matrix and Alternative Analysis Weighting Matrix
      2. Performance of the Function Determination and Consensus Ranking
      3. Individual Assignments of Responsibility and Action Plans
      4. Summary
    5. Development Phase
      1. Staging
      2. Documentation
      3. Avoiding Undue Influence
      4. Status Meetings
      5. Prebriefing
      6. Next Step
    6. Presentation Phase
      1. Oral Presentation
      2. Written Reports (Presentation and Final)
    7. Implementation Phase
    8. Verification Phase
      1. Feedback
      2. Verify
      3. Review Value Study
  5. Types of Value Studies
  6. Acronyms and Definitions
  7. References


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