Value Engineering

Overview

This training workshop is a gateway module to identify the value and cost issues facing a design team. These are then assessed to determine what actions are necessary to address them. The VE method is fully described and practiced, showing delegates how to assess any product design to optimise its value to the customer.

Course objectives:

Appreciate how value optimisation can help to optimise a product’s design
Explain the benefits of applying the value analysis method & show where it should be used
Apply the value analysis method to identify areas of a design that give poor value
To highlight where the cost is high compared with the function priority
Identify potential improvements in the value of a product or service

Course Content

Introduction to Value Engineering

The concept of value
Understanding the different types of value
The value engineering method

Identify

Defining the analysis subject
What information is required?
Product functionality

Assess

The product / design relationship
Functional cost analysis
Functional worth analysis

Control

Value optimisation
Change implementation

Method Review & Application

The strengths and weaknesses of the VE method
How is VE is normally applied

In-company

Duration:

1 day

Ideal for group training

Customised per company

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