Value Analysis Value Engineering

.WHAT IS VALUE ANALYSIS? . -Value analysis is used to offer a higher performing product or service to the customer at a minimal cost as opposed to substituting an existing product with an inferior solution.It can be defined as a systematic review that is applied to existing product designs in order to compare the function of the product required by a customer to meet their requirements.

WHAT IS VALUE ENGINEERING? -It is the term applied in evaluating the design and prototype stage of a new product. -Value engineering follows a structured process that is based exclusively on ´functionµ. -In value engineering "functions" are always described in a two word abridgment consisting of an active verb and measurable noun .

PRODUCT Vehicle Washing machine Bulb Pen Steering wheel VERB Transport Remove Provide Enable Control NOUN People Dirt Light Writing Direction .

OBJECTIVES OF VA / VE -Improve value of products -Define and segregate the necessary functions from the unnecessary functions -Creatively develop alternative means of accomplishing the necessary functions at lower total cost .

.VA/VE PROCESS THE VALUE METHODOLOGY: Phase I : Selection Phase ´How to select the item to be studied?µ -The item should be one that gives the impression that its cost is too high or that it does not do its function well. -Identify and define the components .understand them and their characteristics. the main function and the secondary functions of an item are studied. Phase II : Information Phase -In the information phase.

Identify barriers and eliminate them tactfully. that realizes the main function. or design idea.VA/VE PROCESS THE VALUE METHODOLOGY: Phase III : Creativity Phase -In this phase the objective is to find a better way to do the main function. or process. 2. . Obtain information for analyzing and developing an idea 3. or concept. not the nearest or most accessible one. Phase IV: Analysis Phase A few points to remember in this phase« 1. by finding a different material.Obtain information from the best source.

VA/VE PROCESS THE VALUE METHODOLOGY: Phase V : Development Phase -Prototypes and quotations of cost prove to be useful at this stage. -A real effort to develop the ideas of lowest cost that do the main function is attempted Phase VI: Presentation Phase -Present the final solution in writing. costs and a detailed plan for implementing the idea to the person that should implement it. stating the savings. . in a concise format.

Phase VIII: Verification Phase -Ensure that the product really improves in function by conducting customer review . what has been done in the previous phase should now be incorporated to the product to increase value.Results should increase the ROI (Return on Investment) .VA/VE PROCESS THE VALUE METHODOLOGY: Phase VII : Implementation Phase -In this stage.

. -The importance of the FAST approach is that it graphically displays function dependencies and creates a process to study function links -There are normally two types of FAST diagrams.The FAST diagram Function Analysis System Technique What is FAST diagram? -FAST contributes significantly to perhaps the most important phase of VA/VE: Analysis Phase. -A customer FAST diagram focuses on the aspects of a product that the customer cares about. -A technical FAST diagram is used to understand the technical aspects of a specific portion of a total product. the technical FAST diagram and the customer FAST diagram.

The FAST diagram Function Analysis System Technique Creating FAST diagram (i.. When do you use pencil?.e. (when keeping records) . pencil) 1. Start with the product function..

Build in the HOW direction HOW does it keep records?.. (by maintaining the information on the paper .The FAST diagram Function Analysis System Technique Creating FAST diagram (i.e. pencil) 2..

How it make records marks? information? How it maintains information? How it How it deposit medium? .

e. pencil) 3. Understand the logic of WHY direction .The FAST diagram Function Analysis System Technique Creating FAST diagram (i.

Why is there a need to make marks?.. (to deposit medium) .. (to record information) Why is there a need to apply pressure?...

service or system by function. .The value analysis matrix is designed to cost an existing product.VALUE ANALYSIS MATRIX DEFINITION« . -It is use to draw the attention of the analysts away from the cost of components and focus their attention on the cost contribution of the functions.

List all the customer requirements or the functions of the product on the first column.VALUE ANALYSIS MATRIX Creating Value Analysis Matrix (i. pencil) 1. .e.

VALUE ANALYSIS MATRIX Creating Value Analysis Matrix (i. assign values to the functions in order of importance . On the second column. pencil) 2.e.

VALUE ANALYSIS MATRIX Creating Value Analysis Matrix (i.e. list all the parts of the product . On the next columns. pencil) 3.

Create a legend which will relate the parts and functions . pencil) 4.VALUE ANALYSIS MATRIX Creating Value Analysis Matrix (i.e.

VALUE ANALYSIS MATRIX Creating Value Analysis Matrix (i. pencil) 5. Establish the relationship between parts and functions Identify whether the part and the function is in strong.e. moderate or weak correlation Obtain by multiplying the corresponding weight factor and the assigned value in importance column .

e.VALUE ANALYSIS MATRIX Creating Value Analysis Matrix (i. Compute for the column weight = 195+100+ 200+50+10 = 150 + 45 . pencil) 6.

e.090+ 0. pencil) 7. Compute for the mechanism weight = 0.180 +0.360+0.018 = 200 / 555 .VALUE ANALYSIS MATRIX Creating Value Analysis Matrix (i.351+0.

VALUE ANALYSIS MATRIX Creating Value Analysis Matrix (i. pencil) 8. .e.

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