International Conference in Hong Kong: Why Re-Invent the Wheel?

An International Value Conference to be held in June 2005:

Our conference title “Why re-invent the wheel?” directly relates to the continuing need for improvement in all aspects of what we do. It covers all aspects of organizations, including hard and soft issues, ranging from premises, facilities, designs, systems, production, procurement, supply and delivery, and human resource management. Can we save the time and effort lost in problem solving, firefighting, continual backtracking, especially when there are changes of staff or loss of information and expertise? Human resource, environmental, and financial issues often blur the way forward.

Value management (VM) provides a direct and highly efficient way to solve problems and keep the process on track in a fully encompassing and systematic manner.

VM is the overall name given to a collection of specific principles, techniques and practices that have been proven effective in maximizing value to those concerned. Key stakeholders are the participants; sharing information, analyzing functions, creatively exploring ideas, judging proposals and developing action plans to meet the agreed objectives in a comprehensive manner under the guidance of an experienced VM facilitator. The process can be applied to almost any subject and almost invariably results in additional benefits to the client.

When a tyre becomes soft, the wheel will not work as intended. Sometimes the solution is simple, “add air” but sometimes it is more complex, “change wheel”. There are different solutions for each problem and VM is ideal for identifying these, assessing the risks involved and the longer-term consequences of implementation.

The conference invites you to open your views and explore the potential of applying VM for your organization or business.

Programme Fee:

Remarks: The full Value Management Congress will be held on 2-6-2005 is funded by PSDAS's Project "Enhancement of Construction Value Management Professionalism for New Generation" (Project No:2004030). The remaining Value Management Congress will be held on 3-6-2005 is funded by HKIVM

Contents

1. Planning out your route & ensuring a safe journey View Video

• Forward planning with strategic value management
• Value management for transparency and accountability
• Managing risks and assessing consequences
• Identifying and solving problems at key stages of product development
• Partnering and collaboration

2. Servicing your engine and getting more miles to the gallon View Video

• Improving the process and product
• Adding value with value engineering
• Systematic reviewing for better performance
• Getting more for less
• Value management tools and techniques

3. Changing lanes and overtaking the competition View Video

• Value management for success
• Change management and re engineering
• New Value Management directions in business
• Idea generation and innovative enterprises
• Global opportunities for value management

4. Dealing with emergencies and breakdowns View Video

• Consensus Facilitation
• What to do when things go wrong
• Experiences with difficult clients and workshops
• How to deliver bad news positively
• Identifying roadblocks and bottlenecks

Mr. Anthony Wilson,  chairman of the HKIVM

Speakers came from various international countries

Mr. T.T. Cheung,  chairman of the HKIS

Useful Linkage:
HK Government: http://www.cedb.gov.hk/citb/ehtml/home.html
HKIS: http://www.hkis.org.hk/hkis/html/professional_cpd.jsp
HKIVM: http://www.hkivm.com.hk
BCM: http://bcm.cityu.edu.hk
SAVE: http://www.value-eng.org/

  VM Activities

    Project Team

    Events Achieved:

Seminar Workshop Conference Seminar 12   Novel VM Applications in Europe Seminar 11   VM Trends in the United States Seminar 10   Information Analysis for Complex Projects Seminar 9   Innovative Application of the VM for Large, Complex Projects Seminar 8   Innovative VM Techniques in Complex Projects Seminar 7   Successful VM applications in Australia Seminar 6   Enhancing Value in Facilities by VM - Attracting Investment in China (in Xian) Seminar 5   Enhancing Value in Facilities by VM - Attracting Investment in South China (in Beijing) Seminar 4   Extending Your VM Business in China (in Shenzhen) Seminar 3   Sustainability/ LEED & Life Cycle Costing -Their Role in Value-based Design Decision-making (VM) (in HK) Seminar 2   Is Value Engineering successfully internationally? (in HK) Seminar 1   How can the value Management work in the HK construction industry? (in HK) Workshop 8   Formal VM Training Workshops (modeules I and II) for Construction Workshop 7   Key VM phase: Evaluation Analysis Workshop 6   Key VM phase: Creativity Techniques Workshop 5   Key VM phase: Function Analysis Workshop 4   Value Management for Design & Construction methodology & Application Module I - Training workshop (in Beijing) Workshop 3   Value Management for Design & Construction methodology & Application Module I - Training workshop (in HK) Workshop 2   A Key VM Technique: Function Identification (in HK) Workshop 1   VE "CMethodology & Application Module I" CTraining workshop (in HK) International Conference 2   Value Engineering for Construction Projects (VECP05) (in Korea) International Conference 1   Why Re-Invent the Wheel? (in HK)

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