Product Design using Value Engineering | Free Online Course | Alison
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Diploma in Product Design using Value Engineering

The free online course on value engineering in product design and the use of functional analysis system technique.

Business Process Management
Free Course
This free online production design using value engineering course will teach you about the four phases in the life-cycle of a product, as well as the various steps and processes that are involved in developing a new product. You will also learn about the characteristics of creative people in value engineering, as well as the methods for increasing total profit without reducing the product quality and the functional analysis system technique.
  • Duration

    10-15 Hours
  • Certification

    Yes
  • Mobile Friendly

    Yes
  • Publisher

    NPTEL
  • Accreditation

    CPD

Description

Modules

Outcome

Certification

View course modules

Description

In this course, you will learn about the four phases available in the life-cycle of a product, as well as the steps and processes that are involved when developing a new product. The various methods of increasing the total profit of a product without reducing the quality of a product as well as the best alternatives to the reduction of costs in product development will also be covered in this course. Then, the course will teach you about conducting value analysis as well as understanding the value engineering cycles and the characteristics of creative people in value engineering.

Then, this course will teach you about the ways to identify problems in a product and then look at the various ways that are available to define these problems. The types of product functions and steps required when performing functional analysis, as well as an introduction to the functional analysis system technique (FAST) model will also be covered in this course. Learners can also gain an understanding of the cost-function relations, as well as the application of value engineering in cost reduction and the value engineering steps. Then, the learners will understand the cost worth matrix and feasibility matrix for a product, as well as the various tools and techniques that are available in value engineering.

Lastly, learners will understand how to identify and overcome various roadblocks that occur in product design and value engineering as well as the flow process chart for production, and the various reasons for poor value. Begin this course now to understand how value engineering is beneficial in product design when the cost of production needs to be reduced.

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Learning Outcomes

Having completed this course, you should be able to:


  • Discuss the concept of the product lifecycle and its components.
  • Explain the characteristics of successful product development.
  • Explain the various methods for increasing the total profit of a product.
  • Explain the importance of creative thinkers in the process of value engineering.
  • Explain the processes involved in the functional analysis system technique (FAST).
  • Discuss the cost-function relationship of a product in value engineering.
  • Discuss the advantages of applying the FAST model in value engineering.
  • Explain how to determine the cost matrix and feasibility matrix of a product.
  • Identify the various value engineering tools and techniques.
  • Explain how a functional analysis worksheet is developed for a product.

Certification

All Alison courses are free to enrol, study and complete. To successfully complete this Diploma course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Diploma course, you have the option to acquire an official Diploma, which is a great way to share your achievement with the world. Your Alison Diploma is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Diplomas for completed Diploma courses:

Digital Diploma - a downloadable Diploma in PDF format, immediately available to you when you complete your purchase
Diploma - a physical version of your officially branded and security-marked Diploma, posted to you with FREE shipping
Framed Diploma - a physical version of your officially branded and security-marked Diploma in a stylish frame, posted to you with FREE shipping

All Diplomas are available to purchase through the Alison Shop. For more information on purchasing Alison Diplomas, please visit our FAQs. If you decide not to purchase your Alison Diploma, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Diploma pricing, please visit our Pricing Page.

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