Value Engineering and Management

Where to start

Start with the mind map on value engineering and management for an overview of value engineering. It describes an organized approach to providing necessary functions at the lowest cost without reducing qualities such as reliability and performance. The Value Engineering mind map also brings together value, benefit, cost and functionality.

As you read, note how each resource describes the relationship between function and cost. These maps offer a starting point before you move to the more detailed notes.

Explore functions and workshops

Function Analysis and FAST Diagramming introduces function analysis as a way to understand what a design solution must do. Read it after the overview maps to focus on functions rather than a solution alone.

Principles of Workshop Implementation looks at the purpose of a value management workshop, including making space for thinking and bringing different views into the process. The note called Information From Extra PDFs introduces value management and value methodology. Summary 3 covers value engineering change proposals.

Use the quiz and maps together

The quiz includes a question about whether reducing operational costs is the only way to add value to a product. Before taking it, use the Value Engineering mind map to review the relationship between value, cost and functionality. Afterward, return to the map and compare its ideas with the question.

Value Engineering Principles is another useful map. It lists function analysis, verb-noun descriptors, the project process and the design fixity problem. The Value engineering flowchart sets out functions alongside factors such as reliability, appearance, maintainability and service life.

Find your route through the unit

Value Engineering and Management is a section of Product Design and Development in Industrial engineering and quality. The resources offer different ways to study this part of the unit: overview maps, detailed notes, a flowchart and a quiz. Choose the format that fits what you want to practice, or move between them as you study.