Value Engineering
Context Setting
Value
engineering is a systematic, organized approach to providing necessary
functions at the lowest cost. Value engineering promotes the substitution of
materials and methods with less expensive alternatives, without sacrificing
functionality. It is focused solely on the functions of various components and
materials, rather than their physical attributes.
Objective
The goal of Value Engineering is to
uphold product quality with less cost of production. VAVE (value analysis
and value engineering) is the systematic application of techniques to get a
value product at a lower cost.
Key Takeaways
- Value
engineering is a systematic and organized approach to provide the necessary
functions at the lowest cost.
- Value
engineering promotes the substitution of materials and methods with less
expensive alternatives, without sacrificing functionality.
- Value
engineering is often broken into steps or phases starting with generating ideas
and ending with change implementation.
- Value engineering is primarily focused on the use, cost, esteem, and exchange values.
- The ultimate formula for value is often defined as function divided by cost, with value engineering striving to maximize function while minimizing cost.
Participation Fees
|
Scale |
Per Participant fee |
GST @ 18% |
Total |
|
CII Small
Scale Members |
7,500.00 |
1,350.00 |
8,850.00 |
|
CII Medium
Scale Members |
8,000.00 |
14,40.00 |
9,440.00 |
|
CII Large
Scale Members |
8,500.00 |
1,530.00 |
10,030.00 |
|
Non-Members |
9,000.00 |
1,620.00 |
10,620.00 |
SPECIAL DISCOUNT 10% on 3 or more nominations from an
organization
Faculty
Hemant
Shidhaye
DME, BE (Industrial Engineering) , DBM, DTQM
37 Years’ experience with Corporates, Industrial
Engineering, Manufacturing, Projects, Methods Engineering, Production Planning
& Control, MIS, and Productivity Services. Last
10 years own a consultancy firm.
Who Should Attend / Target Audience
Venue
Online through Microsoft Teams platform
