In this value engineering course, you will learn about the four phases available in the life-cycle of a product design, 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 value engineering course. Then, this product design and engineering 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 value engineering course will teach you about the ways to identify problems in a product design 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 value engineering 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 design, 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 value engineering course now to understand how value engineering is beneficial in product design when the cost of production needs to be reduced.