Product lifecycle

Value engineering

The Value Engineering process is a systematic and creative method used to increase the value of a product or service. It is a technique used to reduce the cost of a product or service while retaining quality, reliability and safety.

1 day

Next available: London, 14 May 2025

Course	Location & Date
Value engineering

10% early bird discount applied
Hurry! 87 days left

Members:
£550.00 £495.00 Plus vat

Non Members:
£650.00 £585.00 Plus vat

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Summary

Value Engineering techniques can be applied to a range of organisations including government, engineering, construction and service industries, and to an item such as a machine, product or tooling, a service, system, process, procedure or a method of working.

This course allows candidates to develop the knowledge, understanding and skills required to undertake the Value Engineering process with a focus on the engineering, product and service sectors. This course incorporates a mix of theory and practical sessions to ensure you have the opportunity to apply the tools and techniques being presented.

Who should attend?

The course is suitable for candidates training, qualified or purely interested in product design, engineering, quality or reliability and working within or supporting the manufacturing, industrial, sales, marketing, product design or service sectors.

How will I benefit?

After the course you will be able to:

Explain Value Engineering techniques.
Apply Value Engineering to optimise the performance versus cost of a product or service.

Contributes 7 CPD hours

Key topics

What is the Value Engineering (VE) Process
In what areas can VE be applied
How does VE Link to other quality management processes – lean practices, Six Sigma, TQM
Stages in the VE process
Candidates will apply the Value Engineering techniques learnt to a practical example to optimise the performance versus cost of a product or service focusing on:

Functional analysis
Customer requirements
High cost areas
Team based creative thinking
Analysis
Decision making
Reporting

Meet our trainers

These trainers regularly teach Value engineering.

Matthew Laskaj

Matthew is the Chair for the Institution of Mechanical Engineers Scottish Region and director of a successful engineering and training consultancy. With more than 25 years experience in a variety of countries worldwide, he has worked in a range of industries including manufacturing, food and beverage, refining, offshore oil and gas and renewable energy.

In-house and bespoke training

Tell us your team's CPD needs and we'll come to you with a specialised training programme, customised for your engineering sector.
Contact our advisors if you need help finding the most appropriate training for your team.

At a glance

Duration:

1 day
Location:

London
CPD Hours:

7
UK-Spec:

E, B

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Available dates for Value engineering

1 day course

London: 14 May 2025 10% discount available until 14 March

London: 12 Nov 2025 10% discount available until 12 September

Require a different date or location? Or want to train a group in house?

We can customise any of our courses and deliver them in-house, for your entire team. It could also save you money, especially as you would save travel time.

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Members: £550 + VAT

Non-members: £650 +VAT

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Train your team

Tell us your team’s development needs and we’ll come to you with a specialised training programme, customised for your organisation.

What options are available?

Off the shelf – we can deliver any of our training courses at your chosen location, providing you with a cost-effective and efficient solution
Tailored courses– our personalised programmes can help you work through issues specific to your team or sector and equip you with the practical tools you need to move forward
Blended programmes – we use a range of delivery methods, development subjects and performance resources to ensure your team have the knowledge and skills they need to help your business thrive

More about in-house and tailored training.