Webinar on ‘Value Management for Enhancing Profitability’

Webinar on ‘Value Management for Enhancing Profitability’

Context Setting

Value Management (VM) / Value Engineering (VE) is being constantly used since last six decades all over the world. Effectiveness of methodology as well as excellent results in a transparent manner are few of the major reasons for its sustenance and popularity. Many industries in India as well as countries like USA, Japan, and many more had used VE as an effective tool for BREATHROUGH IMPROVEMENTS.

Value Management / Value Engineering is practiced in all types of sectors in India also. To name a few, Mahindra & Mahindra Ltd, Tata Steel Ltd, Maruti Suzuki India Ltd, Bharat Heavy Electricals Ltd (BHEL), Steel Authority of India Ltd (SAIL), Godrej & Boyce Mfg Co Ltd, Satyam have benefited to a great extent through various VE projects. Breakthrough Improvements thus brought competitive edge for their products.

Objectives

  • Awareness that the VM is the most effective tool for sustaining competitive business environment
  • Gain knowledge of VM techniques

Key Takeaways

HISTORY & CONCEPT OF VALUE MANAGEMENT (VM)

  • Definition of Value & Types of Value
  • Invention of Value Engineering (VE) concept by Mr Lawrence D Miles, an American Engineer, and the creator of VE
  • Value Creation Model
  • VM Job Plan

FUNCTIONS & ITS IMPORTANCE IN VM

  • Definition of Functions in VE
  • Function Analysis
  • Case studies

CREATIVE & EVALUATION PHASE OF VM

  • Techniques of Creativity in VE
  • Paired comparison & Decision matrix to rank the ideas
  • Case studies

DEVELOPMENT, PRESENTATION PHASE OF VM

  • Calculation of Return on Investment (ROI) for VM projects
  • Case Studies
  • Questions & Answers

Fees (per participant)

Type of Organisation Fees per Participant
CII Members (Large & Medium) Rs 2,000/- + 18% GST
CII SSI Members
Non Member Companies