Day 1:
Foundations of Value Engineering
Introduction to value engineering: history, principles, and key concepts.
Understanding the relationship between cost, quality, and functionality.
Overview of value engineering methodologies and frameworks.
Case study: Lessons from successful implementations in manufacturing.
Day 2:
Tools and Techniques
Function analysis system technique (FAST): mapping functions and identifying redundancies.
Cost-benefit analysis: evaluating financial implications of proposed changes.
Life cycle costing: assessing long-term impacts of decisions.
Group activity: Applying FAST diagrams to a sample project.
Day 3:
Practical Applications
Reducing material costs without compromising quality.
Streamlining processes through lean thinking and waste elimination.
Incorporating sustainability into value engineering efforts.
Workshop: Developing a value engineering proposal for a hypothetical scenario.
Day 4:
Collaboration and Implementation
Engaging stakeholders in value engineering initiatives.
Overcoming resistance to change and fostering buy-in.
Building cross-functional teams for effective execution.
Role-playing exercise: Negotiating trade-offs with diverse stakeholders.
Day 5:
Advanced Topics and Future Trends
Integrating digital tools and AI in value engineering workflows.
Aligning value engineering with ESG (Environmental, Social, Governance) goals.
Measuring success: Key performance indicators and metrics.
Final presentation: Participants showcase their value engineering action plans.
