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April 13, 2024
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Leveraging Value Management
VM-501
Hosted by Northwest Environmental Training Center

During this one-day course, participants will briefly review the SAVE International® value methodology, then will learn the nine best industry practices for high-performing VM programs.

Using value management (VM) best industry practices (BIPs) has been proven to get the highest return on investment for public agencies. Four agencies with mature VM programs average project savings of 6.4%, return on VM study investment of 147:1, and implementation rates of 68%.

Why isn’t this happening for everyone? There are many factors that contribute to success—and many organizations that fail to grasp them. Across the board, high-performing VM programs have common characteristics and these will be covered during the class.

Case Study

In late-2011, Seattle-based Sound Transit conducted a first-of-its-kind audit of its VM program. The audit was conducted under U.S. Government Auditing Standards issued by the Comptroller General, by The SAVE International® certified value specialist (CVS™) subject matter experts. The audit benchmarked Sound Transit’s VM program against several North American transit and transportation agencies.

Each agency was interviewed on specific program performance parameters, ranging from VM policy to their selection system for projects requiring VM, VM program performance, level of acceptance of function improvement proposals—and 20 other factors. The results of the Sound Transit audit revealed the BIPs that leverage VM programs to optimize agency cost management, operations, facility function, risk, and life-cycle cost (LCC).

This course reveals the BIPs identified in the case study, and gives attendees the opportunity to discuss how they can be applied to their individual VM programs.

$50 Discount: When "Optimizing Projects and Processes via Value Management" is offered the day before this class, there is an additional $50 discount for the series when registering for both at the same time.

Registration:
*Reduced tuition is available for Native American tribes; government employees; nonprofits; students; and NAEP, NEBC, NWAEP members. You may register via the link below or by calling the Northwest Environmental Training Center at (425) 270-3274. Online registration is encouraged.

Please wait to receive a course confirmation email, roughly one month prior to the class, before making any travel arrangements.

Tuition: $600 / $550*

For general information contact Tracy Clark by telephone at 425-270-3274 or via e-mail at tclark@nwetc.org

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Bullet  Sacramento, CA
  October 18, 2012 - October 18, 2012
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