Fundamentals of value methodology - BMEGT20MN61

The purpose of the course is to acquaint the students with the foundations and practical application of value methodology (recorded in an international standard). During the completion of the subject, students have the opportunity to obtain the Student Certification of the international organization of Value for Europe.

1. Students get to know the main relationships of knowledge in the technical, economic and management fields.
2. Students get to know the operating principles of organizations as purposeful systems.
3. Students learn about technical, economic and management activities in organizations and their connections.
4. Student learn the basics of value management.

1. Students will be able to apply and make practical use of the acquired knowledge and use problem-solving techniques.
2. Students will be able to perform technical and economic decision preparation tasks and make decisions.
3. Students will be able to develop and implement innovation plans.
4. Students will be able to perform the tasks of value analysis.
5. Students will be able to improve the quality and efficiency indicators of organizational operation, technical implementation, and management.

1. Students become characterized by creativity and flexibility.
2. Students become characterized by good communication, reasoning and cooperation skills.
3. Students become characterized by problem recognition and problem-solving skills.
4. Students become characterized by advanced analyzing and synthesizing ability.

1. Students are expected to be intuitive and methodical.
2. Students are expected to have the positive attitude necessary for professional further education.
3. Students are expected to take the initiative, take personal responsibility, and make decisions.
4. Students are expected to be able to cooperate and participate in group work.

Lectures, exercises, and project work.

• Poór J. (2016): Menedzsment-tanácsadási kézikönyv. Akadémiai Kiadó.
• Hoffer I. (2020) Funkcióstruktúrák az értékmódszertanban. Budapesti Corvinus Egyetem.
• SAVE International (2020): VM Guide: A Guide to the Value Methodology Body of Knowledge. SAVE International Paperback.
• SAVE International (2016): Function Analysis Guide.SAVE International Paperback.
• Lawrence D Miles Foundation (2008): Value Methodology: A Pocket Guide to Reduce Cost and Improve Value Through Function Analysis. GOAL/QPC, Inc.

Performance in the subject is based on mid-semester performance evaluations (project work, presentation).

Project work: value and function analysis of a product/service, it has to be submitted until deadline to complete the subject. Presentation: oral presentation of the project work on the last week, participation is needed to pass the course.

• Project work: 75
• Project work presentation: 25
• Total: 100

The project can be (re)submitted until the replacement deadline (as retake or make-up). There is not retake for the retake. Due to its type, the project presentation cannot be replaced or improved.

Consulted with the Faculty Student Representative Committee, approved by the Vice Dean for Education, valid from: 06.05.2024.

During the semester, students get to know the basics, purpose, tools, and application possibilities of the value method while they themselves use it in their own work.