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Resume Value Engineering

Value engineering is defined as a systematic approach to analyzing functions of a product, design, or service to improve its value through cost reduction or performance enhancement. It involves identifying the essential functions, generating alternative approaches to perform those functions, and selecting the optimal solution based on life cycle cost and quality. Value engineering can be applied at any stage of design or development to a wide range of projects and processes as a problem-solving technique to develop better value for customers.

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Fredi Dwi
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152 views

Resume Value Engineering

Value engineering is defined as a systematic approach to analyzing functions of a product, design, or service to improve its value through cost reduction or performance enhancement. It involves identifying the essential functions, generating alternative approaches to perform those functions, and selecting the optimal solution based on life cycle cost and quality. Value engineering can be applied at any stage of design or development to a wide range of projects and processes as a problem-solving technique to develop better value for customers.

Uploaded by

Fredi Dwi
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Resume Value Engineering

Meaning
• An organized study of functions to satisfy the user’s needs with a
quality product at the lowest life cycle cost through applied creativity
• Defined a multi-disciplinary approach to conduct a systematic way to
analyze and improve function, cost, and value of a product, design,
system or service
Function
• The value of ‘a thing’ can be measured from how well the ‘thing’
performs its designated functions and achieves its purpose. Since
identifying functions enables us to purpose alternative ways to
perform those functions in the act of idea generation, an ‘extended
function’ will set a new context (purpose and goal) of a system. It also
leads to an improvement of products.
Functional Thinking Enables Innovation
Term used to describe “Value Engineering”
 Value Methodology
This is the “official” term used by SAVE International. It describes the overall
body of knowledge.
 Value Analysis
This was the first term used when the process was originally developed for
manufacturing
 Value Engineering
The term “engineering” was used to identify the process as it is applied to
design and construction
 Value Management
This less commonly used term refers to its application to business processes
Formula of Value Engineering
𝑚𝑎𝑥
max 𝑃𝑒𝑟𝑓𝑜𝑟𝑚𝑎𝑛𝑐𝑒
Value = 𝑚𝑖𝑛
𝐶𝑜𝑠𝑡
About Value
• “Good” Value is the lowest cost to reliably provide the required
function with essential performance.
• Value is always increased by decreasing costs while maintaining
essential performance.
• Value may also be increased if the customer needs, wants, and is
willing to pay for greater performance.
Range of Application
• VE applies to everything because every project or process has a function
• VE can be applied at any point of the design or process
• VE is a problem solving technique
• VE can be used as a technique for developing design criteria
Reasons for poor value
• Lack of and/or poor coordination among designers
• Failure to network with customer – poor definition or needs and
wants
• Design based on habitual thinking or mistaken beliefs
• Not enough time for project formulation and/or design
• Failure to utilize latest technologies
• Negative attitudes

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