Downloaded 40 times
Uploaded byVishal Naik
Value engineering pom
The document discusses value engineering and value analysis. It provides an overview of value as a combination of quality, efficiency, price and service. It defines value engineering as an organized procedure to efficiently identify unnecessary costs. The origins and objectives of value analysis are described, including techniques like the matrix and MISS methods. The value engineering process involves collecting information, defining functions, creating alternatives, evaluating alternatives, developing the best alternative, and implementing the alternative. Both disadvantages like being time consuming and expensive, and advantages like being a powerful scientific tool are covered.
In this document
Powered by AI
Introduction of Team 12 members: Veeranna, Vinutha, Vishal, Prashant.
Value consists of Quality, Efficiency, Price, and Service, ensuring economy and satisfaction for purchasers.
Value expressed as a function of Utility over Cost, providing a mathematical perspective of value.
Overview of four types: Cost Value, Use Value, Esteem Value, and Exchange Value.
An organized procedure aimed at efficiently identifying unnecessary costs.
Value Analysis originated at General Electric during WWII due to labor and material shortages.
Key objectives include saving costs, promoting quality, import substitution, and new product design.
Techniques include Modification, Improvement, Subdivision, and Substitution.
Procedure involves collecting info, defining functions, creating alternatives, evaluating, and implementation.
Challenges include being time-consuming, costly, requiring expert knowledge, and based on a scientific theory.
Advantages include being a powerful tool, promoting scientific approach, resource efficiency, and applicability in all stages.
More Related Content
Similar to Value engineering pom
Value engineering pom
- 1. { VALUE ENGINEERING POM PRESENTATION TEAM 12 •Veeranna • Vinutha • Vishal • Prashant
- 2. Value – Combinationof Quality Efficiency Price Service Ensuring ultimate economy and satisfaction of purchaser. Meaning of Value..
- 3. Value = Function(Utility) Cost Mathematical Expression of Value..
- 4. COST VALUE USE VALUE ESTEEMVALUE EXCHANGE VALUE Types of Value..
- 5. Organized procedure forefficient identification of unnecessary cost. Value Engineering..
- 6. Began atGeneral Electric Co. during World War II. Shortages of skilled labour, raw materials, component parts. G.E. looked for acceptable substitutes. Substitutions often reduced costs, improved product, or both. VALUE ANALYSIS Origin..
- 7. Saving andcost Quality Promotion Import substitution New Products & Product Design Time Consideration Standardization Objectives of Value Analysis
- 8. Matrix MISS •Modification • Improvement • SubDivision • Substitution. Techniques..
- 9. Procedure.. Collect relevant information Define different Func. Creatediff. Alternatives Evaluate the alternatives Develop the best alternative Implement the alternative Identify the product
- 10. Based onspecific scientific theory Rigorous technique Need expert knowledge Time consuming Expensive Disadvantages..
- 11. Powerful Tool Scientific Tool Keep management update Use of resources Creative ability Proper atmosphere Import substitution Applicable to all stages Advantages..