Value for Money can only be established by comparing options. So how do you identify, develop, test and narrow your options choice to those that will deliver best or optimal value for money? That's what Value Management and Value Engineering help you to do!

ACVM is Australia’s largest practice in Value Management with four active registered practitioners. It’s directors also make a substantive contribution to the Institute for Value Management Australia Inc. Our team has delivered services in Value Management and Risk Management since 1996.

We have demonstrated capability to facilitate individual project VMs as well as for significant programs of work.

ACVM’s team were involved in the Sydney 2000 Olympics from strategic planning, site master planning and for the major individual facilities, including for public transport arrangements.

We have most recently supported NSW Justice in its prisons beds expansion program, facilitating strategy as well as early contractor involvement and value management review of the individual projects.

Workshops / Group Events

We have experience in facilitating a wide variety of workshops and group events including:

  • Concept Development and Testing
  • Value Statement Workshops
  • Procurement Strategy
  • Options Definition
  • Options Evaluation & Selection
  • Value Engineering and Value Management
  • Issues Resolution Sessions
  • Project Start-up and Close-out Meetings
  • Project ‘Health Check’ Sessions
  • Incident Debrief Sessions

Risk Management – Identification and Assessment including specific techniques such as:

  • HAZOP (Hazard & Operability Analysis)
  • CHAZOP (Control Hazards & Operability Analysis)
  • CHAIR (Construction Hazard Assessment & Implication Review)
  • HSID (Health & Safety in Design)
  • FMEA (Failure Modes & Effects Analysis)
  • FMECA (Failure Mode Effects & Criticality Analysis)
  • RCM (Reliability Centred Maintenance)
  • HACCP (Hazard and Control Point Analysis)

Business Planning and Strategy Workshops

Other events have included public meetings – either to convey information or to seek community inputs to inform decision-making. (Groups from 100 to 400)

Teaching & Mentoring


The format of the workshop is clearly structured:

The ‘problem situation’ is defined. This identifies the objectives and rationale of the workshop and establishes the key issues and concerns. The first part of the process is characterised by divergent thinking which identifies the component parts of the problem.

The next step is to analyse the needs, functions & data and reach a common understanding among the participants. A degree of creativity is required to do this. Value-improvement or value-adding opportunities are sought.

This work typically produces more than 100 suggestions, some practical, others less so. These are reviewed and categorised by all the participants into realistic, remote and unworkable ideas.

The realistic proposals are developed further by the sub-groups and worked up into potential proposals. Once consensus is reached, an Action Plan is prepared to pursue the outcomes of the workshop.