News and information for Value Management professionals.
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President's Update

I would like to thank all of the IVMA members and supporters who, in recent weeks, have provided encouragement and feedback for the work that has been done and continues to be done to advance the Institute. 
You will note in the news section of this edition that there has been a change to the date for the IVMA Annual Conference for 2014. While the change-of-date is unfortunate, it is necessary to ensure a successful event and we trust we have provided sufficient notice to limit any inconvenience it might have caused. As always we look forward to your feedback.

Dr Roy Barton FIVMA

With the IVMA relaunch, changes to membership grades and transition to a new database, renewing your membership and updating your details is vital for the growth of your Institute. Invite friends and colleagues to also join and be part of the organisation.
Act Now - visit the IVMA website to renew your membership or call our membership team on (02) 9431 8681 and they can assist you.

Canadian Value Symposium 2014 
- Call for Speakers
The theme for the Canadian Value Symposium 2014, hosted by the Canadian Society of Value Analysis (CSVA) in Toronto (17 - 18 November) is 'Solving Problems and Improving Value'. The symposium website declares "Value Analysis (VA) is a proven project management best practice and an exceptional decision-making tool to find alternative solutions to problems and achieve best value for money in projects, processes, systems and products". The event will demonstrate how Value Analysis/ Value Management/Value Engineering can help solve problems and improve value in projects, products or services. See the symposium website for details.
IVMA Conference - Call for Speakers
In light of the change-of-date for the 2014 IVMA Annual Conference, and with the program still in final development, there is still an opening for Speakers 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 the new deadline of close-of-business 29 August to Jonathan Dutton. The Editorial Committee will decide the successful speaker following assessment of the Abstracts provided. For further information email Jonathan Dutton.
Vale Wayne Regan 
The Institute notes the sad passing of Wayne Regan MAppSc, MIMVA. On behalf of our members and supporters we express our condolences to Wayne's family.
"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.

Value Management News

New date for 2014 IVMA Annual Conference
The date for the 2014 IVMA Annual Conference has been moved to 12 November but all other arrangements remain unchanged. The decision to change the date was taken to ensure full advantage for the event sponsors. Principal Consultant at Advanced Value Management Systems in Queensland, David Baguley, has volunteered to assist the conference organisers with the development of the final conference program. 

Join the IVMA LinkedIn Group
IVMA has established a LinkedIn Group for members and supporters to share ideas and information. LinkedIn is a business-oriented social networking service for professionals to engage with like-minded people interested in all aspects of Value Management. Follow the link and join the group now.

Economic Significance of the Australian Logistics Industry 
A new report by the Australian Logistics Council confirms the logistics industry is the backbone of the Australian economy. The report, Economic Significance of the Australian Logistics Industry, was launched recently by ALC Chairman, Don Telford. It provides a comprehensive overview of the logistics industry’s contribution to the Australian economy, its number of employees, and the sectors of the economy that would benefit most from improvements to supply chain efficiency. You can read the report here.

The variable benefits of investing in infrastructure
Reports claim that between 1992 and 2011 China spent 8.5% of its GDP investing in infrastructure; more than any other country, and well above the developing-country norm of 2-4% of GDP. Given China’s growth - its economy expanded seven-fold during that time - the wisdom of investing in infrastructure seems self-evident. Research generally turns up a positive relationship between infrastructure investment and growth, especially in poorer countries. Follow the link to see The Economist article that explores these issues further.
UK construction procurement models set to drive costs down
The UK Government has published guidance on three new models of construction procurement that have been under trial. The Cabinet Office said the models do not deliver the cheapest construction project, but will deliver the most cost effective and value for money outcome.
Along with reducing costs, the models are expected to: contribute to improved programme certainty, reduce risk, encourage greater innovation, and improve relationships across clients and the supply chain. Follow the link to see the full article.

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

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