Workshop 5: Key VM phase: Function Analysis
| Guest speakers : |
Dr. Roy Barton
Principal consultant, ACVM
Adjunct Professor, Institute for Regional Community Development, University of Canberra |
| Venue: |
38/F, World Trade Centre, Causeway Bay, Hong Kong |
| Language: |
English |
| Date: |
16th Nov 2007 (Fri) |
| Time: |
09:00 – 18:00 |
Dr. Barton has given a preliminary concept of value management to the
participants. He has clarified that the function of an object lies in
the way people use it. The same object will have different meaning for
different people, and different object may serve the same function if
used properly. Therefore, it comes out the question of what the customers
really need. The critical advantage of value management is to guide practitioners
to identify the real requirement or intention of the customers rather
than confining their perspectives into the components of the object itself.
Through different levels of abstraction, we could shift our attention
from component details to the intention of the object, which may help
to come up with better solutions that could satisfy all use and aesthetic
functions required but with less cost. A technique of assigning cost to
functions is also introduced by Dr. Barton, which is quite useful in analyzing
the value of the component and finding out the part that needs to be improved.
Value management is not only a technique to optimize design, but also
a technique for bringing stakeholders together and having their needs
identified, which helps to make them work towards the same output and
to enhance knowledge sharing among professionals, which are crucial for
project success.
Facilitator
Dr. Roy Barton
Principal consultant, ACVM
Adjunct Professor, Institute for Regional Community Development, University of Canberra
 Dr. Barton is a chairperson of the Australian standards committee on VM and a past president of the Institute of Value Management, Australian. He has extensive experiences as a senior academic, facilitator and organizational mentor for value management, risk management and partnering for both public & private projects nationally & internationally. During the seminar, he introduced the basic information of Value Management.
Summary of Content  View Video
- Introduction
- Learning outcomes
- A personal journey in VM
- What are “functions” and why do we analyze them?
- Functions and purpose in nature
- Exercises in identifying functions using verbs and nouns
- Analyzing functions
- Exercises in component function analysis
- Example of component function analysis
- Techniques and methods of function analysis
- Functions and systems
- Purposes of product, processes, systems and services
- Levels of abstraction
- The relationship of function to “value” and “value for money”?
- Perception an function
- Using function diagrams
- Individual plans to apply the knowledge and skills learned
- Conclusions
 
 
 
Useful linkage:
HK Gover’t: http://www.cedb.gov.hk/citb/ehtml/home.html
HKIVM: http://www.hkivm.com.hk
BCM: http://bcm.cityu.edu.hk
IVMA: http://www.value-management.com.au/a_profile/a3.htm
HKIS: http://www.hkis.org.hk/hkis/html/professional_cpd.jsp
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