Grades of Membership

IVMA has a number of grades of membership.

Annual membership subscriptions apply and these are determined by the Board.

Four grades may be applied for whilst the Board awards or determines three grades  based on education, qualifications, status in the industry or service.

The grades of Membership are:

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Membership Grade Requisites Benefits Post-nominals
Associate Member and Corporate Associate Member No requisites – anyone with an interest in value management who seeks to join IVMA Agree to the IVMA Code of Conduct Complete an Application Form Pay the annual subscription fee

 Access to IVMA website Receive The Value Times, IVMA’s periodical e-newsletter Nil
Ordinary Member

Individuals who can demonstrate knowledge of the principles and practices of value management, and of AS4183:2007

Agree to the IVMA Code of Conduct Complete an Application Form Pay the annual subscription fee

 AS above, plus: Access to member-only publications Ability to progress to further membership grades Use of post-nominals MIVMA (Member IVMA)
Accredited Value Management Study Facilitator

As for Ordinary Member plus:

Successful completion of an IVMA-recognised facilitation course that includes coverage and application of a variety of tools and techniques applicable to leading value management workshops Demonstrable experience in co-facilitating and/or facilitating several value management workshops that align with AS4183:2007 Attend an interview with senior IVMA Board members (or their nominees)

 As above plus: Recognition of capability to conduct value management workshops [1] Use of post-nominals RegVM(Fac) (Registered Value Management Facilitator)
Accredited Value Management Analyst

As for Ordinary Member plus:

Demonstrable experience in the application of value management principles and techniques as a desktop practice Attend an interview with senior IVMA Board members (or their nominees)

 As above plus: Recognition of capability to conduct value and value-for-money assessments [2] Use of post-nominals RegVM(An) Registered Value Management Analyst
Accredited Value Management Trainer

As for Accredited Value Management Facilitator plus:

Demonstrable experience in the conduct of numerous value management workshops across a diverse range of portfolios Successful completion of an IVMA-recognised training and/or education course OR extensive demonstrable experience in training and/or education Attend an interview with senior IVMA Board members (or their nominees)

 Recognition of ability to conduct training and education in value management principles, practices and facilitation in the achievement of value and value-for-money outcomes [3] Use of post-nominals RegVM(Tr) Registered Value Management Trainer
Corporate Member As an organisation, appreciate that staff can benefit in their work by understanding value management principles and applying them in the achievement of value and value-for-money. Organisational investment in the professional growth, awareness and practices of staff Overtly support the ongoing efforts of IVMA Nomination of six staff members as Associate Members of IVMA

Notes to above table

[1] Useful when tendering for professional value management services

[2] Provides confidence in the application of value analysis without group workshops

[3] Provides confidence when developing staff in value management, and useful when tendering for professional VM services

Associate, Member and Corporate Member categories are granted in accordance with the above criteria and confer no greater import than having met the relevant criteria.

Fellow and Honorary Fellow designations are determined by the Board and recognise services to value management.

Accredited Member is granted in accordance with the IVMA’s criteria for value management facilitator and/or analyst and/or trainer, and confers no greater import than having met those criteria.

Pathways to Membership

There are a number of pathways to IVMA membership:
1. completion of courses accredited by IVMA (see Education and Training page)
2. completion of courses delivered by other organisations that are recognised by IVMA
3. extensive prior learning, exposure, experience or practice that meets IVMA’s learning outcomes.

Expected learning outcomes

The following learning outcomes assist the Board in determining candidates for membership, and accreditation of individuals and courses of study.

1. Value management learning outcomes

IVMA-accredited and other deemed-equivalent courses should enable students to gain knowledge and understanding of the following:

  • Principles and practices of value management
  • The Australian Standard for Value Management AS 4183-2007
  • Concepts of value, function and purpose
  • Critical success factors of value management
  • Management of the overall value management process
  • Historical aspects of value analysis, value engineering and value management
  • Potential applications of value management including:
    • different value management approaches to strategic planning, concept planning, project initiation, design development, and construction
    • different types of problem situations and the need for particular value management responses
  • Value management workshop structure
  • Methods of function and purpose analysis
  • Various ways in which value management can be applied including:
    • desktop practices in the normal course of day-to-day work
    • formal workshops which may take the form of a single workshop in which all parts of the work plan are covered in a single event; several short workshops conducted in series, progressively covering all parts of the work plan; or some other format that addresses the requirements of AS4183:2007
  • Relationships between value management and other areas such as risk management, continuous improvement and project management skills

 2. Group facilitation learning outcomes

IVMA-approved and other deemed-equivalent courses in group facilitation should enable students to gain knowledge and understanding of the following:

  • Facilitation principles and processes
  • Group facilitation and role of the facilitator
  • Group dynamics and behaviour as well as the advantages of working in groups
  • Factors that make groups more effective
  • The essential role that group-facilitation plays in the value management workshop-process including:
    • preparing and following a structured workshop process
    • facilitating each part of the value management work plan
    • open and close workshops and individual phases of workshops
    • describing, recognising and responding to various group dynamics
    • managing difficult situations and behaviours
    • asking probing questions
    • motivating participants
    • recognising and managing group think
    • recognising the importance of emotional intelligence
    • listening actively and empathising with participants
    • using media effectively

Reading list

Applicants for membership and accreditation should have an understanding of the following papers (most are included, together with other articles and papers, under the Knowledge Bank and News/Value Times tabs) with particular emphasis on those with an asterisk (*):

Primary purpose Barton R (p1)

More about good habits Barton R (Value Times p1)

The importance of organisational culture Barton R (Value Times p1)

It’s all about culture Barton R (Value Times p1)

Engagement planning Barton R (Value Times p1)

Back to basics Barton R (Value Times p1)

Engaging key stakeholders Barton R (Value Times p1)

Core principles of achieving value for money Barton R (Value Times p1) *

Total system viewpoint Barton R (Value Times p1)

Introducing value for money labs Barton R (Value Times p1) *

More on value for money labs Barton R (Value Times p1) *

Even more on value for money labs Barton R (Value Times p1) *

Application for Membership

Renewal of Membership

Membership renewals are handled by The Association Specialists and will be sent annually on the IVMA’s behalf to existing members.

Code of Conduct for Members

The Institute has established a Code of Conduct that covers:
• the standard of conduct that applies to all members
• communications and relations between members
• delivery of professional Value Management advice and services by Specialist Members.

All IVMA members must sign and abide by the Code of Conduct. Disciplinary measures exist for proven breaches of the Code under the IVMA Constitution.

View the full Code of Conduct here.