Product lifecycles

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: £495 + VAT
Non-members: £595 + VAT

Course Location & Date
Value Engineering
10% early bird discount applied
Hurry! 259 days left
Members:
£495.00 £445.50 Plus vat
Non Members:
£595.00 £535.50 Plus vat

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.

  • WIN_20181010_12_47_47_Pro

    Matthew Laskaj

    With over 20 years’ experience in the Oil & Gas, Refining, Manufacturing and Food & Beverage industries, Matthew is a Chartered Mechanical Engineer and certified Prince2 practitioner who has worked in a variety of roles such as Engineering Manager, Project Manager, Reliability Engineer and Mechanical Engineer.

We offer in house training

Tell us your team's CPD needs and we'll come to you with a specialised training programme, customised for your engineering sector.
Contact our advisors if you need help finding the most appropriate training for your team.

Share:

At a glance

  • Duration:
    1 day
  • Location:
    Sheffield
  • CPD Hours:
    7
  • Accredited:
    no
  • UK-Spec:
    E, B

Need some help?

Contact us if you have any questions about our training courses.

Terms & conditions of booking IMechE training

Enquire now

Online learning

Learn at your own pace and location of your choice with one of our eLearning options.

eLearning collection

Online qualifications

Free webinars

Available dates for Value Engineering

1 day course

Sheffield
27 Aug 2020 10% discount available until 27 June

Require a different date or location? Or want to train a group in house?

We can customise any of our courses and deliver them in-house, for your entire team. It could also save you money, especially as you would save travel time.

More about In-house and bespoke training

Register your interest

Members: £495 + VAT

Non-members: £595 +VAT

Book now

Train a group in-house and save

Related courses

  • 3 day course

    Lean practitioner

    We have designed this course to help engineers wishing to gain a practical overview of Lean tools and techniques.

  • 2 day course

    Six Sigma Yellow Belt

    This Yellow Belt programme gives you a solid understanding of Six Sigma principles and methods, and enables you to apply best practice tools confidently.

  • 2 day course

    Design reviews

    This course is designed to enable you to engage with the main purpose of design reviews – improving the quality of design at the earliest possible stage.