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:

Column 1 Column 2
Associate Member

Likely applicant: someone with interest in and supportive of IVMA’s objectives including nominees of Corporate Members or who have a membership of another professional institute
Ordinary Member

Likely applicant: someone with demonstrable knowledge of VM and possibly an interest to upgrade to Accredited membership
Accredited Member

Likely applicant: someone with accepted education & practice experience who engages in facilitation of VMS, training in VM or practices Value Analysis
Fellow

AWARDED: someone deemed to have provided lengthy & valued service to IVMA and the profession
Honorary Fellow

AWARDED: someone deemed to have provided exemplary service to IVMA and the profession
Retired Member

DETERMINED: someone who has served the profession and IVMA and has now ceased employment in the field but who is interested in continuing support and involvement
Corporate Member Likely applicant: An organisation wishing to support the objectives and values of IVMA and, by so doing, enable a number of their staff to gain Associate membership and involvement in IVMA

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

Application for Membership

Download Membership Pack here.

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.