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Fundamentals of Value Engineering Tools and Techniques

This free course includes the classification of value engineering techniques and tools, as well as some success stories.

Publisher: NPTEL
This free online fundamentals of engineering tools and techniques course will teach you about the importance of the cost-function relationship, as well as the application and steps of value engineering in product design. You will also learn about the various tools and techniques that are available in value engineering and their classifications. This course will also teach you about the importance of the functional cost worth analysis.
Fundamentals of Value Engineering Tools and Techniques
  • Duration

    4-5 Hours
  • Students

    537
  • Accreditation

    CPD

Description

Modules

Outcome

Certification

View course modules

Description

In this fundamentals of engineering course, you will learn about the importance of the cost-function relationship in value engineering, as well as how value engineering is applied in the cost reduction of universal testing machines. The application of value engineering in product design, as well as the various steps that are followed when performing value engineering on a product, will also be covered in this course. Then, this course will also look at various case studies that highlight the application of value engineering, as well as how to calculate the cost worth matrix and feasibility matrix.

This fundamentals of engineering course will also teach you about the various tools and techniques that are available in value engineering, as well as the different classifications of the tools and techniques that are applied in value engineering. Furthermore, the course will teach you about the different ways value engineering tools and techniques are applied and some success stories using value engineering. Lastly, this course will teach you about how to carry out a functional analysis of a project, as well as the importance of the functional cost worth analysis (FCWA) of a project.

This engineering techniques course is helpful for learners who want to gain an understanding of how value engineering is important in product design, as well as the various tools and techniques that are available in value engineering. This course is also helpful for learners who want to study some real-life examples which utilize the application of value engineering in the product design. Begin this course now to learn about the different ways value engineering can be used to improve the quality of a product without increasing the cost of production.

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