Value Engineering/Value Analysis DMAIC

Value Engineering DMAIC

Why Value Engineering?

Value Engineering / Analysis is an opportunity which focuses more on improving the functionality as per the customer’s requirements in a product/service and less on unwanted functionality, thus reducing the cost and adding value to the product.

What is Value Engineering ?

Value Engineering (VE) or Value Analysis is a systematic investigation / analysis of a product or service to establish the function and worth of each component with an aim to optimize the worth to cost ratio.

Recommended Audience
  • Chief Designers
  • Industrial Designers
  • Product Designers
  • Design engineers
  • Tool designers
  • Quality engineers
  • Process engineers
Learning Outcomes

The participant will be able to

  • Identify the customer requirements
  • Convert the customer requirements to the functionality of the product
  • Prioritize the functionality important for the customer and will improve the worth of the product by eliminating the unwanted functions thus reducing the overall cost.
Duration
  • Public training program - 4 day detailed course
  • In-house training program - Customized as per requirements.