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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:

Members: £550 + VAT
Non-members: £650 + VAT

Course Location & Date
Value engineering
Members:
£550.00 Plus vat
Non Members:
£650.00 Plus vat
Book now

Summary

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.

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:

  1. Explain Value Engineering techniques.
  2. 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:
  1. Functional analysis
  2. Customer requirements
  3. High cost areas
  4. Team based creative thinking
  5. Analysis
  6. Decision making
  7. Reporting

Mapped against UK- SPEC competencies: E and B

  1. Professional commitment - For Incorporated and Chartered Engineers: ‘Demonstrate a personal commitment to professional standards, recognising obligations to society, the profession and the environment’
  2. Design and development of processes, systems, services and products - For Chartered Engineers: ‘Apply appropriate theoretical and practical methods to the analysis and solution of mechanical engineering problems’ For Incorporated Engineers ‘Apply appropriate theoretical and practical methods to design, develop, manufacture, construct commission, operate, maintain, decommission and re-cycle mechanical engineering processes, systems, services and products’

Meet our trainers

These trainers regularly teach Value engineering.

  • Matthew Laskaj

    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.

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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
17 Jun 2024
London
18 Nov 2024 10% discount available until 18 September

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