Value Engineering
If you find that decent profits, meeting budget or even survival depend on reducing costs, consider Value Engineering (VE). VE is a systematic approach involving techniques that reduces costs significantly without affecting performance. VE techniques have helped organizations to reduce design, process and product costs while simultaneously adding value to the customers.
Objectives
Contents
- Concept & history of VA/ VE
- Benefits of value engineering
- Understanding the meaning and importance of value
- 4 thinking approaches
- Using value-basis in decisions
- 7 steps to value improvement
- Value study team composition
- How human behaviour can affect results and ways to meet the challenge
- Application exercises
- Industry examples of use
Take Away
On attending this training workshop, the participants will have an overview of VA/ VE.
They will be able to appreciate the necessity and applicability of VA/ VE in the context of their organisation.
Who should attend?
- Middle Level
- Senior Level
Methodology
- Multimedia Presentation
- Concept explaination
- Facilitated Discussion
- Group exercise
- Individual exercise
- Study material
- Q&A
Interaction Language
- English
- Hindi/ English
What is the programme duration?
- 1 day
- 2 days
- 3 days
- 3 1/2 days