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
CertificationView course modules
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.Start Course Now
VE Applications and Case Studies
VE Applications and Case Studies - Learning Outcomes
Function-Cost Relationship I
Function-Cost Relationship II
VE Applications in Product Design
Value Engineering: Case Study I
Value Engineering: Case Study II
VE Applications and Case Studies - Lesson Summary
VE Tools and Techniques
VE Tools and Techniques - Learning Outcomes
VE Tools and Techniques I
VE Tools and Techniques II
VE Success Stories I
VE Success Stories II
VE Tools and Techniques - Lesson Summary
Having completed this course, you should be able to:
- Discuss the cost-function relationship of a product in value engineering.
- Explain how value engineering can be applied to the cost reduction of a product.
- 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.
- Discuss the importance of using industry specialists to extend specialized knowledge.
- Identify the project requirements and the description of the project.
- Explain how a functional analysis worksheet is developed for a product.
- Discuss the various reasons for the poor value of a product.
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