Focus Areas

• Introduction to participants and agenda
• Difference between VE & VA
• Value and it’s types
• Introduction to value engineering
• Function & types
• Capturing customer needs including QFD
• Different steps in VE
• Creativity and lateral thinking
• Application of brainstorming
• Value engineering tools & techniques –
  • FAST Diagram
  • Functional Block Diagram
  • Functional Tree
  • Managing divergent thinking
  • Idea evaluation

Background

Value Engineering is a proven Technique for cost reduction of products.  This is very essential for the company to remain competitive. Systematic analysis of the functions and its Value to remove redundant functions and features are addressed in Value Engineering. Value engineering (VE) and Value analysis (VA), with core methodology being same for both, differs only in the point of application phases of product life cycle.

 Keeping this in view, IMTMA is conducting a detailed training program on Value engineering to enhance competitiveness of Industry.

Key Takeaways

At the end of the program, the participant shall:

o  Understand value and how Customer perceives value

o  Learn on analysis of functions

o  Have an understanding about application of VA/VE Techniques

o  Identify areas where VA/VE can be applied

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