- To introduce and support undergraduate and graduate value methodology courses in engineering, architectural and business curricula
- To establish more courses in the value methodology (VM) in undergraduate and graduate programs in the engineering, architectural and business curricula
- To provide technical, material and financial support for existing courses being taught at universities and to ensure their continuity
Business and government strive to combat waste, inefficiency, bureaucracy, poor quality, and mismanagement. Colleges and universities need a specific curriculum to educate and direct youth to identify and deal with these problems.
Schools teach a wide variety of courses involving cost control, quality control, cost estimating, life cycle costing, economic analysis, pricing policy, cost reduction systems, measurement systems, and budgeting. This effort may be fragmented. Few programs teach the difference between cost and value.
In the engineering field, for example, the American Society for Engineering Education (ASEE) defines the term "engineering" in part as, ".... the profession in which a knowledge of the mathematical and natural sciences gained by study, experience, and practice is applied with judgment to develop ways to utilize, economically, the materials and forces of nature for the benefit of mankind." Yet as we plan this project, there is no accreditation requirement in the United States by the Accreditation Board for Engineering Training (ABET) for any school offering a degree in engineering for cost or value, that we know of. Therefore, the practical application of cost and value considerations in the design profession must be learned on the job. The same case can be made for architecture and business.
A purpose for the creation of the Miles Value Foundation was to establish a constituency concerned with improving the value of goods and services. The Foundation has established this Education Project as its focus for concentration of resources and effort. The goal of our Education Project is to introduce the concepts of cost and value into the undergraduate and graduate curricula before our students enter the workforce.
The headlines indicate daily the need for better value. A workforce trained in the Value Methodology would contribute to solving the nation's major problems with its budget, debt, healthcare systems, legal costs, and social programs. The list is endless. The number of people requiring education in VM to address these issues is staggering. We need to educate our youth, the leaders of tomorrow, by building a new population base with concern for and understanding of value.
The Education Plan
The following defines the Plan in four areas:
- Ensure Geographical Diversity
- Provide Model Courses
- Offer Educator Development
- Provide Financial Support
1. Ensure Geographical Diversity
The MVF Plan is to ensure that at least one university or college in each major geographical zone of the United States, as defined by ASEE, offers a degree credit course in VM in its catalogue. These zones are:
- Zone I: New England, St. Lawrence, Middle Atlantic
- Zone II: Southeastern, North Central, Illinois-Indiana
- Zone III: North Midwest, Midwest, Gulf-Southwest
- Zone IV: Pacific Northwest, Rocky Mountain, Pacific Southwest
2. Provide Model Courses
Three courses have been published by the Foundation along with supporting library materials, training aids, lecture outlines, homework and examinations. These are:
- Value Engineering Theory for architectural and engineering curricula
- Management Application of Value Engineering for business and commerce curriculum
- Value Engineering: Theory in Practice and Industry, for the engineering, manufacturing and industrial sectors
The program content of our three Instructor Guides comprises lesson plans, schedules, grading standards, reading assignments, lecture outlines, homework assignments, independent value study assignments with a workbook, reading, quizzes, mid-term examination, and final examination.
A fourth course, internet-based, is now available for Colleges to offer online. It is entitled Basic Value Analysis and provides text, narrated Microsoft PowerPoint slides, and quizzes for each of its 10 lessons as well as on-line mid-term and final exams.
3. Offer Educator Development
Instructors for this material can be either Certified Value Specialists (CVS) or educators. The Foundation will seek a qualified instructor, as the college/university desires, or provide preparation to an educator to teach the subject matter.
To support the introduction of a VM course the Foundation will pay tuition for instructor VM workshop training, registration fees, and travel expense reimbursement and allow instructors the experience of taking our online course with Foundation mentoring.
In addition to this, subject to budget availability and on a first-come, first-served basis ber university, the Miles Value Foundation will fund 100% of the SAVE International Conference Registration fee on a one-time basis for any full-time college/university professor in the world. Candidates not selected will be prioritized for future consideration.
To support the college/university and the educator the Foundation will provide a selection of library materials from the SAVE International publications booklist. The MVF will also provide each educator with a coach to personally assist him/her as a resource to answer questions, and guest lecture if called upon. In addition, the Foundation will offer direct e-mail service to assist educators in answering student or course questions.
4. Provide Financial Support
In addition to providing financial support for model courses and educator development the Foundation has created the Miles Scholarship Award program to provide student motivation.
It is our goal to ultimately endow a chair in the study of the Value Methodology.
4.1 Program Manager
The Foundation is implementing this Plan in cooperation with SAVE International, the professional Society for the Value Methodology. The Foundation has designated a Program Manager to lead this plan:
Program Manager - Stephen J. Kirk, PhD, FAIA, CVS, FSAVE
The Foundation, through its extensive contacts in SAVE International and other professional and academic organizations, will assign a volunteer coach for each university. Coaches will provide support for each institution, and its educator, who is teaching a course in the Value Methodology or who desires to begin such a course.
Liaison services will involve consulting on course content, providing the MVF materials, ensuring library materials are available, providing training to the professor, as appropriate, guest lecturing on request, and providing local help for operation of the MVF scholarship program as desired. Coaches will provide progress reports and needs to the Program Manager.
The Program Manager will provide oversight of the liaison network and maintain contact with the institution to ensure that support is being provided in the desired manner and at the proper pace.
4.3 Project Phases
The Plan is being implemented in phases, which coincide with the SAVE International Value Summit held annually. The Foundation will accept one or two new Colleges each year into the Plan. Work with individual colleges/universities will match their schedules for approval of a new course, preparing the educator to teach, publication in the course catalog, and the class cycle (quarter or semester system).
The following budget is presented on a per school basis. It indicates what internal costs the Foundation will pay in support of each College and what external reimbursable expenses the College can expect to receive.
In addition to the above, with the cooperation of the University, we will seek an endowment for a teaching chair and scholarship funding.
Source of Funds
The Miles Value Foundation will contribute 15% of its assets, contributions and earnings to the Education Fund for two schools per year.
As a 501(c)(3) corporation, the Directors of the Miles Value Foundation will seek financial support, gifts, and grants from major corporations and other Foundations in support of these educational objectives. This funding may be designated by the donor to support the endowment of one particular college or be left to the discretion of the Foundation for distribution.
To receive funding and other support from the Foundation the school must submit an Education Agreement to the Foundation subject to approval by the Foundation Board. The Agreement must be on University or College letterhead and be signed by a Department Head or other authorized member of the administration. Contents of this Agreement can be reviewed by clicking on Education Agreement.
The successful implementation of this Plan obviously requires commitment from colleges and universities. Motivating schools to introduce the Value Methodology as a viable and integral course of study in the architectural, engineering and business curricula is the goal of this Plan. The strategy to meet this goal consists of five action plans:
Action Plan 1. Gain interest
1.1 Announce each SAVE International Conference and all scheduled Faculty Sessions on the web
1.2 Establish MVF/SAVE International network of coaches
1.3 Provide training guidance for coaches
1.4 Make personal contact with engineering, architectural, and business colleges and universities who express interest
1.5 Gain commitment from two engineering, architectural, or business colleges and universities per year and fund startup costs as itemized in Education Fund budget
Action Plan 2. Maintain interest
2.1 Find educators who have a strong belief in the importance of value, want to learn about the subject and teach it
2.2 Provide Foundation support to these Champions
2.3 Use the network of coaches on a continuing basis to monitor results and suggest corrective action for the Foundation
Action Plan 3. Provide support
3.1 Provide the following support for each selected school:
- Instructor training
- Instructional material and training aids
- Reference library
- Local coach/assistance
- E-mail technical support
Action Plan 4. Encourage student achievement
4.1 Present the Miles Value Foundation Scholarship Award to one student who is currently enrolled in a Value Methodology course sponsored by the MVF Education Plan annually for the next three years
4.2 Educators select one award winner (or team) per class and apply for the award by submitting a copy of the winning value study project workbook
4.3 Foundation will select a national winner based on the submission of the local winners
4.4 Provide national winner with paid trip to the SAVE International Conference
Action Plan 5. Ensure continuity
5.1 Submit grant applications for endowment and scholarship funding
Please consider contributing to this project and joining the Miles Value Foundation. We need your support. Click on our membership page for more information
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