3
December 2019

Value Analysis in Action

Introduction to Value Analysis/Value Engineering

Status: 28 seats available
Date: Tuesday, December 3, 2019
Time: 8:30 AM–9:00 AM: Registration and Continental Breakfast
9:00 AM–4:30 PM: Value Analysis in Action
Location: Victoria, BC
Presenter: Mike Pearsall, CVS, FEC
Executive-Vice President, SAVE International

Rakesh Shreewastav, VMA, FEC
Director, Value Analysis Canada
Credit: 6.5 Formal Professional Development Hours (PDH)
Cost: Early Bird Price Engineers and Geoscientists BC Member: $499.00 + GST = $523.95 until Nov 19, 2019

Engineers and Geoscientists BC Member and EIT/GIT Regular Price: $569.00 + GST = $597.45

Non-Member Price: $569.00 + GST = $597.45

Student Member Price: $284.50 + GST = $298.73
Please Note: *A minimum number of registrations are needed by November 19, 2019 to proceed with this seminar. Please register early to avoid cancellation.
**All prices are subject to applicable taxes.
Contact: Shirley Chow | Professional Development Coordinator
Direct: 604.412.4865
Toll Free: 1.888.430.8035 ext.4865
Fax: 604.639.8180
Email: [email protected]
Note: This session is also being offered in Vancouver on December 2, 2019.
  • Are you interested in improving the value and quality of a project?
  • Are you looking for a structured approach to innovation?
  • Do you want to be part of the creative process and generate alternative solutions?
  • If you said YES to any of these questions, improve your skills by attending Value Analysis (VA) in Action, an award-winning course in Canada. This introductory course will give participants an understanding of Value Analysis and Value Engineering, and an appreciation on how to participate in activities related to the Value Methodology. It's about stepping away from the current solution or process and ensuring that good value is achieved. Be bolder!

Seminar Description

Value Analysis (VA) also known as Value Engineering (VE) or the Value Methodology (VM) is a systematic and function-based approach to improving the value of products, projects, or processes. It uses a combination of creative and analytical techniques to identify alternative ways to achieve objectives.

Value Analysis involves a team of people following a structured process. The process helps team members communicate across boundaries, understand different perspectives, innovate, and analyze.

Benefits of Value Analysis

Value Analysis recognizes that good value is achieved when the necessary performance can be accurately defined and delivered at the lowest life-cycle cost. The Value Methodologies result in benefits to both the individual and the organization.

The Benefits of the Individual of Value Analysis/Value Engineering Include:

  • A systematic approach to solving problems;
  • Self-satisfaction from contributing ideas towards solutions and participating in an energetic workshop;
  • Improvements in knowledge and abilities through cross-disciplinary expertise sharing; and
  • Participation in a transparent process that results in more informative decisions.

The Benefits to the Organization of Using Value Analysis/Value Engineering Include:

  • A Return of Investment typically ranging from 20:1 to 100:1;
  • Cost savings while achieving required functions;
  • Improved understanding of the project and validation of costs;
  • Improved stakeholder engagement;
  • Objective selection among competing priorities or solutions;
  • Definition, understanding, and measurement of the values related to the project, product, process, or service;
  • Improvement in corporate culture through enhanced creativity and the introduction of new ideas and approaches;
  • Expedited project schedules; and
  • Improved quality.

For more information on Value Engineering, please see the links below:

Target Audience

Anyone interested in improving value, quality, or cost of a project, product, service, or organization.

Presenters

Both presenters Mike and Rakesh were recognized in 2015 with the most prestigious award in the Ontario Public Service: The Amethyst Award, as part of their leading roles in the Value Engineering Coordinator Committee (VECC) of the Ministry of Transportation, Ontario (MTO). They have also served on the board of Value Analysis Canada (formerly Canadian Society of Value Analysis).

Mike Pearsall, CVS, FEC

Vice President, SAVE International

Mike is one of the few Certified Value Specialists (CVS) in Canada and currently works for the Ministry of Transportation, Ontario. He currently serves as the Vice President of SAVE International. Due to his many student outreach volunteer activities, Professional Engineers Ontario (PEO) has made him a member of the Order of Honour, and more recently he has been named a Fellow of Engineers Canada.

Rakesh Shreewastav, VMA, FEC

Director, Value Analysis Canada

Rakesh currently works for Metrolinx, an agency of the Government of Ontario. Previously, he worked for the Ministry of Transportation, Ontario for over 13 years. Rakesh has also served on the board of Engineers Canada and was appointed to the board of The Federal Bridge Corporation Limited (FBCL), as part of the recent Governor in Council (GIC) appointments made by the Government of Canada.



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