The best value study subject is one that is identified by an enthusiastic employee, and fully sponsored by the organisation. For a value program to contribute to the productive work of an organisation, selection and identification of areas of opportunity for VE should occur within the existing areas of work, at their normal times of "happening".
Planning a Study
Value studies are performed by teams. A value study plan to be submitted to management for resource sanction, should contain the following information :
- A description of the objectives and scope of the study in enough specific detail to ensure achievement of special results.
- The estimated study costs, expected benefits or target saving, and target return on investment, if possible.
- The names of the members of the team, their skills, how much time each will be required to spend on the study and the name of the team leader.
- The time limitations or milestones for completion of each phase of the VE job plan.
- The target date for formal presentation of study results.
It has been observed that the optimum size for a team is five persons, supported on a part-time basis by other elements of the organisation or outside experts and consultants. The composition of the team should be mixed and multi-disciplinary. Individual work experience or background in the technology involved for the particular study is important, but not to the extent of exclusion of those who have not achieved different points of view and disassociation with the subject of the study.
Emphasis should be placed on using the best talent available. Involve people who are directly affected by the problem in arriving at the solutions. Human relations plays an important part in the successful conduct of a study.
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