Value Analysis & Engineering: Maximizing Value, Minimizing Waste

Course Description

This intensive 5-day course provides a comprehensive understanding of Value Analysis (VA) and Value Engineering (VE) methodologies. Participants will learn to identify and eliminate unnecessary costs while maintaining or improving product/service quality and performance. The course covers essential techniques for waste reduction, process optimization, and value enhancement across various industries.

Learning Objectives

• Master the principles and techniques of Value Analysis and Value Engineering
• Develop skills to identify and eliminate non-value-adding activities and costs
• Learn to apply function analysis and FAST diagrams for process improvement
• Gain proficiency in cost reduction strategies without compromising quality
• Understand how to implement VA/VE methodologies in real-world scenarios

Course Modules

Day 1: Introduction to Value Analysis and Value Engineering

• Fundamentals of VA/VE
• Historical development and modern applications
• The VA/VE job plan
• Value concepts and definitions

Day 2: Function Analysis and FAST Diagrams

• Identifying and classifying functions
• Function Analysis System Technique (FAST)
• Creating and interpreting FAST diagrams
• Function-cost analysis

Day 3: Creative and Analytical Techniques

• Brainstorming and idea generation
• Evaluation and selection methods
• Cost modeling and life cycle costing
• Risk assessment in VA/VE projects

Day 4: Waste Elimination and Process Optimization

• Identifying and categorizing waste
• Lean principles in VA/VE
• Process mapping and analysis
• Continuous improvement strategies

Day 5: Implementation and Case Studies

• Developing VA/VE proposals
• Implementation planning and change management
• Measuring and reporting VA/VE results
• Real-world case studies and group exercises

Practical Wins for Participants

• Ability to lead VA/VE projects in their organizations
• Techniques to identify and eliminate 15-30% of unnecessary costs
• Skills to enhance product/service value and customer satisfaction
• Strategies for continuous process improvement and waste reduction