
Explore value engineering as a management approach that aligns every action to help the company make money by delivering customer satisfaction through QCDDRI: quality, cost, delivery, development, reliability, and innovation.
Learn how to drive continuous improvement in quality, delivery, and consistency while pursuing continuous price reduction through value engineering, process and design changes, and alternative materials to stay competitive.
Dissect cost reduction avenues by prioritizing material cost and productivity, while applying value engineering to optimize materials and processes without sacrificing value, balancing quality, cost, and delivery.
Explain value as function by cost and four strategies to increase it: use value, cost value, exchange value, and esteem value; debunk automation in value engineering; focus on enhancing value.
Value engineering analyzes product functions and their costs to identify unnecessary spending and find the lowest cost alternative that delivers the same function and value, combining science and art.
Explore the history of value engineering and value analysis from wartime substitutions at GE, through L. D. Miles’ work and US government adoption, to India’s IS 11810 standards.
Identify why honest wrong beliefs create poor value, then apply the five VE questions: what is it, what does it cost, and what will the new solution cost.
Explore the VAVE job plan for value engineering, covering project selection, information, function, creative, analytical, evaluation, and recommendation phases, all executed by a cross-functional team.
In the project selection phase, use 16-point checklist to identify six favorable criteria and select high-value or high-volume candidates using cost models and A, B, C classes, employing change management.
Collect all technical data, drawings, cost sheets, and operating costs; validate with primary data. Use a cost model to map material, labor, and overhead costs per part and function.
Are you a professional in engineering, construction, manufacturing, or business strategy looking to deliver high-value outcomes at reduced costs? This course offers a comprehensive introduction to Value Engineering (VE)—a proven methodology that enhances product, process, or project value by optimizing function and minimizing unnecessary expenditure.
Through real-world case studies, interactive exercises, and practical frameworks, you'll learn how to apply VE principles across industries to drive innovation, improve decision-making, and achieve sustainable results.
Value Engineering: Optimize Design, Reduce Cost, Enhance Performance.
Master the structured methodology that drives smarter design and cost-effective solutions. This course equips engineers, architects, and project managers with the tools to analyze functions, eliminate waste, and deliver high-value outcomes across construction, manufacturing, and product development.
Course Features:
Downloadable templates and VE worksheets
Real-world examples from infrastructure, manufacturing, and service sectors
Quizzes and assignments to reinforce learning
Certificate of completion to showcase your expertise
Would you like alternate versions tailored for technical audiences, business leaders, or students? I can also help you craft promotional blurbs, email copy, or landing page content for this course.
What You’ll Learn:
The fundamentals of Value Engineering and its historical evolution
Core concepts: Function Analysis, FAST diagrams, and cost-function relationships
Step-by-step VE job plan: Information, Function, Creative, Evaluation, Development, and Presentation phases
How to lead or participate in VE workshops and cross-functional teams
Applications in product design, construction projects, process improvement, and strategic planning
Tools for identifying unnecessary costs and enhancing stakeholder value