This document provides an overview of value analysis and value engineering. It discusses the brief history of value analysis starting at General Electric during World War II. It defines value analysis as a technique to analyze product functions to enhance value without compromising quality. Value analysis is applied to existing products, while value engineering is applied during design of new products. The document discusses how to determine and increase value by improving functions or reducing costs. It provides examples of value engineering and outlines the benefits. Finally, it presents a case problem to think through applying value analysis to reduce costs of ceiling fan production.
Value Management concentrates on the actual needs of the user to focus its resources. It is different to cost-cutting exercises, which achieve economies by using less or cheaper materials.
The Value Management approach involves the use of creative techniques, combined with the latest technical information on materials and construction methods.
Value Analysis (VA) is a tool (technique or method) that is used for improving the value of a product or a process of understanding its constituent components and their associated costs. It aims at finding improvements to the components by reducing their cost and increasing the value of the functions of a product or a service.
A critical advantage to using a VA is its potential for reducing costs, which is a benefit that permeates all advantages of the system.
A VA breaks-down a product or service into components, it enables you to analyze each component on its own, evaluating its features and functions in detail efficiency and effectiveness.
A Framework for Synergy, Collaboration, Exploration, Creativity, Discovery & Innovation. A Team activity to balance need, function & cost.
bsauter@workbench20.com
www.workbench20.com
Value Engineering is a technique for determining the manufacturing requirements of a
product/service; it is concerned with its evaluation and finally the selection of less costly
conditions. VE is a process for achieving the optimal result in a way that quality, safety, reliability
and convertibility of every monetary unit are improved.
Here theory of Value Engineering along with case study of UTM is presented.
Value Management concentrates on the actual needs of the user to focus its resources. It is different to cost-cutting exercises, which achieve economies by using less or cheaper materials.
The Value Management approach involves the use of creative techniques, combined with the latest technical information on materials and construction methods.
Value Analysis (VA) is a tool (technique or method) that is used for improving the value of a product or a process of understanding its constituent components and their associated costs. It aims at finding improvements to the components by reducing their cost and increasing the value of the functions of a product or a service.
A critical advantage to using a VA is its potential for reducing costs, which is a benefit that permeates all advantages of the system.
A VA breaks-down a product or service into components, it enables you to analyze each component on its own, evaluating its features and functions in detail efficiency and effectiveness.
A Framework for Synergy, Collaboration, Exploration, Creativity, Discovery & Innovation. A Team activity to balance need, function & cost.
bsauter@workbench20.com
www.workbench20.com
Value Engineering is a technique for determining the manufacturing requirements of a
product/service; it is concerned with its evaluation and finally the selection of less costly
conditions. VE is a process for achieving the optimal result in a way that quality, safety, reliability
and convertibility of every monetary unit are improved.
Here theory of Value Engineering along with case study of UTM is presented.
المحاضرة ال 164 من المبادرة
الاستاذ الدكتور / عماد شبلاق
رئيس المنظمة الأمريكية للهندسة القيمية
في استراليا ونيوزيلندا
بعنوان
( التحليل الوظيفي :
العامل الرئيسي في منهجية الهندسة القيمية)
يوم الإثنين 20 يونيو 2022
التاسعة مساء توقيت القاهرة
العاشرة مساء توقيت مكة المكرمة
و الحضور عبر تطبيق زووم من خلال الرابط
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1: Value Analysis provides great turnaround in the operations of the businesses.
2: Use Value Analysis to analyze and understand the detail of cost for specific situations.
3: Use it to find a focus on key areas for innovation.
4: Use it in reverse (called Value Engineering) to identify specific solutions to detail problems.
This presentation is about Value Engineering and contains:
1.History of VE
2.Value Concept
3.What is Value Engineering?
4.Implementation of VE in our project
5.Principle and Purpose of VE
6.Case Study
7.Conclusion
This presentation is about Value Engineering and contains:
1.History of VE
2.Value Concept
3.What is Value Engineering?
4.Implementation of VE in our project
5.Principle and Purpose of VE
6.Case Study
7.Conclusion
Time management and stress management by gmkMohan Kumar G
Time Management and Stress Management.
This is a Power Point Presentation, prepared to present on Induction Programme event at Govt. Polytechnic, Nagamangala, Mandya, on 12-10-2021
Industrial Training at Shahjalal Fertilizer Company Limited (SFCL)MdTanvirMahtab2
This presentation is about the working procedure of Shahjalal Fertilizer Company Limited (SFCL). A Govt. owned Company of Bangladesh Chemical Industries Corporation under Ministry of Industries.
Vaccine management system project report documentation..pdfKamal Acharya
The Division of Vaccine and Immunization is facing increasing difficulty monitoring vaccines and other commodities distribution once they have been distributed from the national stores. With the introduction of new vaccines, more challenges have been anticipated with this additions posing serious threat to the already over strained vaccine supply chain system in Kenya.
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Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
A case study of the used of Advanced Process Control at the Wastewater Treatment works at Lleida in Spain
A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
Democratizing Fuzzing at Scale by Abhishek Aryaabh.arya
Presented at NUS: Fuzzing and Software Security Summer School 2024
This keynote talks about the democratization of fuzzing at scale, highlighting the collaboration between open source communities, academia, and industry to advance the field of fuzzing. It delves into the history of fuzzing, the development of scalable fuzzing platforms, and the empowerment of community-driven research. The talk will further discuss recent advancements leveraging AI/ML and offer insights into the future evolution of the fuzzing landscape.
COLLEGE BUS MANAGEMENT SYSTEM PROJECT REPORT.pdfKamal Acharya
The College Bus Management system is completely developed by Visual Basic .NET Version. The application is connect with most secured database language MS SQL Server. The application is develop by using best combination of front-end and back-end languages. The application is totally design like flat user interface. This flat user interface is more attractive user interface in 2017. The application is gives more important to the system functionality. The application is to manage the student’s details, driver’s details, bus details, bus route details, bus fees details and more. The application has only one unit for admin. The admin can manage the entire application. The admin can login into the application by using username and password of the admin. The application is develop for big and small colleges. It is more user friendly for non-computer person. Even they can easily learn how to manage the application within hours. The application is more secure by the admin. The system will give an effective output for the VB.Net and SQL Server given as input to the system. The compiled java program given as input to the system, after scanning the program will generate different reports. The application generates the report for users. The admin can view and download the report of the data. The application deliver the excel format reports. Because, excel formatted reports is very easy to understand the income and expense of the college bus. This application is mainly develop for windows operating system users. In 2017, 73% of people enterprises are using windows operating system. So the application will easily install for all the windows operating system users. The application-developed size is very low. The application consumes very low space in disk. Therefore, the user can allocate very minimum local disk space for this application.
Event Management System Vb Net Project Report.pdfKamal Acharya
In present era, the scopes of information technology growing with a very fast .We do not see any are untouched from this industry. The scope of information technology has become wider includes: Business and industry. Household Business, Communication, Education, Entertainment, Science, Medicine, Engineering, Distance Learning, Weather Forecasting. Carrier Searching and so on.
My project named “Event Management System” is software that store and maintained all events coordinated in college. It also helpful to print related reports. My project will help to record the events coordinated by faculties with their Name, Event subject, date & details in an efficient & effective ways.
In my system we have to make a system by which a user can record all events coordinated by a particular faculty. In our proposed system some more featured are added which differs it from the existing system such as security.
1. A Seminar by
Mohan Kumar G.
1st Sem., M.Tech. (M.E.M.),
S.J.C.E., Mysore.
14-12-2015
2. Overview
Brief History
Definition
Difference b/w Value Analysis & Value Engg.
What is Value?
What is Function?
Value Analysis Cycle
Examples of Value Engineering
Benefits of Value Analysis
Case Problem for you
References
3. Brief History
Value Analysis began at General Electric Co., in
U.S.A., during World War II (1939-1945). Because of
the war, there were shortages of skilled labour, raw
materials, and component parts.
Lawrence D. Miles, Jerry Leftow, and Harry
Erlicher at G.E. looked for acceptable substitutes. They
noticed that these substitutions often reduced costs,
improved the product, or both. What started out as an
accident of necessity was turned into a systematic
process. They called their technique “Value Analysis".
Lawrence D. Miles, is known as the father of the
Value Analysis / Value Engineering concept.
4. Definition
Value Analysis is “An Organized, Creative, Cost
Search technique for Analyzing the Function of a
Product with the purpose of Value Enhancement
without compromising with it's Quality, Reliability,
Performance and Efficiency."
"Value analysis is a philosophy implemented by the use
of specific set of techniques, and a group of learned
skills. It is an organized creative approach which has as
it's purpose the efficient identification of unnecessary
cost, i.e., cost which provides neither quality, nor use,
nor appearance, nor customer features." - L.D. Miles
5. Value Analysis (VA) is the application of creative
techniques for increasing the Value and Functions to
an already Existing Product / Services to minimize
the Cost of that Product. This is like a Post-mortem
analysis, done after the fact, so a Remedial Process.
Value Engineering (VE) is the application of creative
techniques for increasing the Value and Functions for
New Products at the design stage itself, to minimize
the Cost of the Product. This is done before the fact at
pre-manufacturing stages such as concept
development and design, so a Preventive Process.
Difference between VA and VE
6. What is VALUE ?
"Value is the lowest price you must pay to provide a reliable
function or service."
- Lawrence D. Miles
"Money is of no Value; It cannot spend itself. All depends on
the skill of the spender.”
- Ralph Waldo Emerson
Use Value, Esteem Value and Market Value
Ex:- 1) Tie Clip
(holds tie, keeps tie out of soup while having dinner)
2) Car (travelling is the primary function)
7. How to Increase Value ?
Value Analysis is a systematic method to improve
the “Value" of goods or products and services by using
an examination of Function. Value is the ratio of
Function to Cost.
Value can therefore be increased by either
improving the Function or reducing the Cost. It is a
primary tenet of value engineering that basic functions
be preserved and not be reduced as a consequence of
pursuing value improvements.
8. How to Increase Value and Decrease Cost?
F
C
F
C
F
C
F
C
REDUCE INCREASE MAINTAIN
Value =
9. Let us go deeper into “Value”
Let us take an example of a hypothetical bolt, used to
fasten wing of a passenger aeroplane.
What if the bolt fails to perform its function???
10. Now tell me, what is the value of that Bolt?
NO.
The Value of that Bolt is ZERO.
Why?
Because that bolt was designed and manufactured to
function reliably. It had to perform the function of
holding the wing, but it has not performed its function
reliably. So we can say the Value of that bolt is zero.
So, Value is the performance of the designed Function
at the minimal possible cost.
11. What is FUNCTION ?
Basic Function and Secondary Function
Example of a Pencil.
Why do we use a pencil? What are its Basic Functions
and Secondary Functions?
To get the answers, let us do brainstorming and ask
WHY and HOW type of questions, so that we will be
identifying many Functions of a Pencil.
12. Functions of Pencil
Change Attitudes
Communicate Ideas
Transmit Thoughts
Write Words
Make Marks
Spread Lead
13. Then, What is Value Engineering ?
Is it cost reduction?
Is it item elimination?
Is it function deletion?
Is it use of cheaper material?
Is it use of lower cost process?
Answer to all these questions are NO!!!
Value Engineering is much more than this...
15. How it works?
Value Analysis follows a structured thought process to
evaluate options as follows.
1. Gather information
What is being done now?
Who is doing it?
What could it do?
What must it not do?
2. Measure
How will the alternatives be measured?
What are the alternate ways of meeting requirements?
What else can perform the desired function?
16. 3. Analyze
What must be done?
What does it cost?
4. Generate
What else will do the job?
5. Evaluate
Which Ideas are the best?
6. Develop and expand ideas
What are the impacts?
What is the cost?
What is the performance?
7. Present ideas
Sell alternatives
17. Examples of Value Engineering
Russian liquid-fuel rocket motors are intentionally
designed to permit ugly (though leak-free) welding.
This reduces costs by eliminating grinding and
finishing operations that do not help the motor
function better.
Many vehicle manufacturers have active programs to
reduce the numbers and types of fasteners in their
product, to reduce inventory, tooling and assembly
costs.
18. Benefits of Value Analysis
Save Time
Increase Profits
Build Teamwork
Improve Quality
Satisfy Customer
Improve Quality
Save Money
19. Case Problem for You to Think…
Air Cool Electrics Ltd., manufactures ceiling fans.
Since this is a standardized product and also faces
hectic competition, the company aims to reduce the
price of the product, by Value Analysis approach.
Think and help them to carry out Value Analysis.
Clue:- Motor housing
Blades
Supporting Rod
Bolt and Nut as fasteners
Top & Bottom cups as cover