Introduction to Value Engineering Principles and Framework
What if you could create a product that costs less, works better, and satisfies customer needs more effectively—all at once?
About This Course
What if you could create a product that costs less, works better, and satisfies customer needs more effectively—all at once?
Origins and Core Concept of Value Engineering
Value Engineering (VE) is a powerful systematic approach initiated during the product or process design phase, with the goal to maximize a product’s
Course Content
Unit 1: Fundamentals of Value Engineering
- Defining Value Engineering
- Tracing the Origins of Value Engineering
- Explaining the Value Engineering Job Plan
- Highlighting Benefits of Value Engineering
Unit 2: Identifying Value Engineering Opportunities
- Exploring Project Life Cycle Stages
- Detecting Cost and Function Gaps
- Applying Value Engineering Opportunity Checklists
- Practical Insights into Value Engineering: Case Study Analysis
Unit 3: Principles of Cost, Function, and Value
- Defining Function Analysis Concepts
- Explaining Cost–Function Relationships
- Calculating Basic Value Ratios
- Applying Function Analysis to Scenarios
Unit 4: Value Engineering in Saudi Context
- Reviewing Saudi Industrial Objectives
- Linking Value Engineering to Vision 2030
- Exploring Value Engineering in National Projects
- Connecting Value Engineering to Sustainability Goals
Unit 5: Developing a Value-Focused Mindset
- Defining Value as a Core Mindset
- Promoting Team Collaboration in Value Engineering
- Encouraging Innovative Problem-Solving
- Sustaining Value Improvement Culture
Prerequisites
No prerequisites required.