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August 10, 2022
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Using Value Management Program Best Industry Practices to Meet New Federal-Aid Requirements
VM-501
Hosted by Northwest Environmental Training Center

Using value management (VM) best industry practices (BIPs) makes compliance and reporting to meet Federal-Aid requirements easier—it 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 value engineering study investment of 147:1, and implementation rates of 68%. This course will focus on the factors and program characteristics that contribute to that level of success.

Principles covered in this course are derived from data revealed by a first of its kind audit of Seattle-based Sound Transit done in 2011–2012. The audit was conducted under U.S. Government Auditing Standards issued by the Comptroller General, by SAVE International® certified value specialist (CVS™) subject matter experts. The audit benchmarked Sound Transit’s VM program against North American transit and transportation agencies including the Toronto Transit Commission; Ontario Ministry of Transportation; TriMet, Portland, Oregon; Denver Regional Transit District; WSDOT; and AASHTO.

The results of the Sound Transit audit revealed BIPs that leverage VM programs to optimize agency cost management, operations, facility function, risk, and life-cycle cost (LCC). Across the board, high-performing VM programs have common characteristics that will be covered during the class.

This one-day course will briefly highlight

specific changes to value engineering requirements under the Moving Ahead for Progress in the 21st Century” Act (MAP-21), enacted 7/6/12;
compliance with revisions to the Code of Federal Regulations enacted 3/15/12; and
coming changes to OMB Circular A-131, which will strengthen the role of value engineering in federal government and federally funded projects.

The course then covers

a brief review the SAVE International® value methodology;
the nine value management best industry practices (VMBIPs) for high-performing VM programs that have proven to yield the highest return on their value engineering investment, performance-balanced project savings, and improved implementation rates; and
how to scope VE facilitator services and select facilitators to ensure accountability to the VE job plan—just because they’re CVSs doesn’t necessarily mean they do this.

For general information contact Christa Lilly by telephone at 425-270-3274 or via e-mail at Clilly@nwetc.org

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Previous Events (click to view/hide)
Bullet  Detroit, MI
  July 18, 2013 - July 18, 2013
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