News and information for Value Management professionals.
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Welcome to the new IVMA

Welcome to the first edition of the new IVMA newsletter. With the re-invigoration of the organisation and the launch of our new website, it is an exciting time for everyone associated with the Institute and all our supporters.  We trust you will find this regular newsletter informative and engaging and we look forward to your feedback.
Dr Roy Barton FIVMA

IVMA is offering a new Associate Membership level with an annual fee of just $35 that offers a range of benefits. Click the link for details.

Is this the best VM article ever?
This article that first appeared in the Canberra Times’ Public Sector Informant section is possibly the best ever article on VM in the national or local press. The full content of the article by authors Vince Sharma and Lynn Nguyen appears on their website. Do you know of a better article?
Email here if you have an article you would like to share. 
IVMA Conference - Call for Speaker
The 2014 IVMA Conference is in the final stages of development and there is an opening for one Speaker to deliver an IVMA paper in their own words. If you are interested you will need to provide a short Abstract in 'bullet point' form by close-of-business 18 July to Jonathan Dutton. The Editorial Committee will decide the successful speaker following assessment of the Abstracts provided. For further information email Jonathan Dutton.
"How do you calculate the value for money" - video
Roy Barton, President of IVMA and Accredited VM Facilitator, offers an introduction to VALUE MANAGEMENT and discusses the question of calculating VFM in this May 2014 video. Essential viewing as an introduction for anyone interested in increasing VALUE FOR MONEY. Go to the IVMA website home page and see the link in the 'Quick Access' panel.
"If the only tool we use to analyse what’s valuable is a price tag, then those things that don’t have price tags begin to look like they have no value" – Al Gore

Value Management News

Re-invigorated IVMA relaunch
Australia’s peak body for Value Management, the Institute of Value Management Australia, has announced the relaunch of the organisation with a new look, a new corporate structure and a new purpose.
IVMA President, Dr Roy Barton said, “The relaunch of the Institute has been 12 months in the making and the result is a modern, re-invigorated organisation with new purpose and new energy.
“This is not just a new look for the Institute. We have taken time to reconsider the fundamentals of the work we do and the benefits we provide.” Follow the link for more information.

Govt under 'extreme pressure' to deliver value for money
Prior to the announcement of the 2014 Federal Budget by Federal Treasurer Joe Hockey, media commentators were saying government agencies “need to be able to realise and measure the benefits of their investments”. An article in the Canberra Times by Anthony McGinness said Government departments, the non-profit sector or anyone who looks to government funding must move now to get their house in order and identify the value in every public dollar they receive. See the full article here.

Infrastructure Australia needs Senate support - ALC 
The Australian Logistics Council has called on the Senate to pass the Infrastructure Australia legislation, including recent amendments proposed by the Government in response to submissions to the Senate inquiry on the legislation.
The ALC said the legislation would strengthen Infrastructure Australia’s independence and enable it to more effectively carry-out what it was established to do – to advise government on the nation’s top infrastructure priorities.
Under the legislation, Infrastructure Australia would be governed by a board and CEO, and given the task of producing a rolling five-year audit of national infrastructure and a 15-year plan of infrastructure priorities. Follow the link to see the ALC media release.

Stakeholder engagement is ‘major worry’
A snap survey of delegates at the recent Sydney ConfeX found the lack of stakeholder engagement as one of the greatest challenges facing procurement professionals and the lack of buy-in, both at the top and the bottom, as a major source of frustration. This was expressed in a number of forms, from complaints about uninformed stakeholders to jibes about the lack of mandates. Follow the link for more information.

Value Management and Whole Life Costing - paper
The International Journal of Facility Management is hosting a paper titled: A Critical View of Value Management and Whole Life Costing on Construction Projects that looks at why more than life cycle costing is necessary to analyse the cost of built facilities, namely value management.

See the new IVMA website for more news and information.
Copyright © 2014 Institute of Value Management - Australia, All rights reserved.

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