Complete Course on Value Engineering, designed for Engineers and Professionals

Complete Course on Value Engineering, designed for Engineers and Professionals

Sarjerao Pingale

Head of Cost Engineering-India Region

$ 150

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Advanced course for professionals

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Sarjerao Pingale
Head of Cost Engineering-India Region
Course type
Instructor led live training
Course duration
20 Hrs
Course start date & time
Coming in Next Month
Language
English

Why enroll

After going through value engineering training courses participants will understand and learn about:

 Understand the characteristics of Value Engineering along with related terminology: recognize the difference between the typical design process and the Value Engineering process.

 Recognize how to consolidate Value Engineering proposals and value analysis concept.

 Understand the techniques of value analysis and principles of Life Cycle Cost Analysis principles as applied to VE.

 Understand FAST programming and selection of target areas of opportunity for creativity to improve project value.

 Focus on function and thereby develop creative thinking towards project cost reduction.

 Understand the difference between value analysis and value engineering.

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Career opportunities

Course details

Value engineering (VE) or value analysis (VA) is an important & powerful approach for improvement in the performance of the products, system or producers & reduction in costs without jeopardizing their function.

The basic objective of value engineering is to achieve equivalent or better performance at a lower cost while maintaining all functional 7 quality requirement. It does this largely by identifying & alimenting hidden, invisible & unnecessary costs. Value engineering helps in improving efficiency as well as effectiveness of products, system & procedures. The objectives of value engineering are as follows:

1) To enable people to pinpoint areas that needs attention & improvement.

2) To provide a methods of generating ideas & alternatives for possible solution to a problem.

3) To provide a means of devaluing alternatives including intangible factors.

4) To provide a vehicle for dialogue.

5) To document the rationale behind decisions.

6) To materially improves the value of goods & services.

Course suitable for

Automotive
Mechanical

Key topics covered

The value study is where the primary Value Methodology is applied. The effort is composed of 6 phases: Information, Function Analysis, Creativity, Evaluation, Development, and Presentation.

1. Information Phase

2. Function Analysis Phase

a. Identify Functions and define both work and sell functions of the product, project, or process under the value study using active verbs and measurable nouns. This is often referred to as "Random Function Definition "

b. Classify Functions as basic or secondary

c. Develop Function Models

d. Assign cost and/or other measurement criteria to functions.

e. Identify Function Worth by assigning the previously established user/customer attitudes to the functions.

f. Cost Functions. Compare cost to worth of functions to establish the best opportunities for improvement.

g. Establish Value Index. Assess functions for performance/schedule considerations.

h. Select functions for Value Study

i. Redefine study scope

1. Information Phase

2. Function Analysis Phase

b. Classify Functions as basic or secondary

c. Develop Function Models

d. Assign cost and/or other measurement criteria to functions.

e. Identify Function Worth by assigning the previously established user/customer attitudes to the functions.

f. Cost Functions. Compare cost to worth of functions to establish the best opportunities for improvement.

g. Establish Value Index. Assess functions for performance/schedule considerations.

h. Select functions for Value Study

i. Redefine study scope

3. Creative Phase

4. Evaluation Phase

5. Development Phase

6. Presentation Phase

C. Post Study

Complete Changes, Implement Changes, Monitor Status

The Post-Study assures implementation of the approved value study change recommendations.

Training details

This is a live course that has a scheduled start date.

Live session

Why people choose EveryEng

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Trainer Review

EveryEng is my go-to platform for engineering education. The courses are easy to follow, and the instructors are very knowledgeable. The platform has helped my team gain confidence and expertise in our field.

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Co-Founder

Pune, India

I never imagined an online learning platform could be this effective! EveryEng’s courses are top-notch, the mentors are industry experts, and the skills my team gained have made a real difference in the performance!"

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Engineering Team Lead

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Engineering education should be hands-on, and that’s exactly what EveryEng provides. From interactive Q&A sessions to on-the-job training, this platform offers everything a modern engineer needs to succeed!

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Operation Director

Dubai, UAE

EveryEng is an amazing platform for engineers looking to upgrade their skills. The detailed lessons, practical approach, and expert guidance make learning enjoyable and effective. I highly recommend it!

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Sr Contract Engineer

Abu Dhabi, UAE

EveryEng is the perfect platform for engineers at all stages of their careers. The courses are practical, engaging, and industry-relevant. You can learn so much and feel more confident professionally.

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Software Engineer

London

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$ 150

- $ 0 Early bird discount

Coming in Next Month