There is intense competition in the market. Now
Customer wants more
value and more functions, and that too for less money. These aspects are tackled by the subject of Value Engineering, which is applicable in manufacturing,
service and social sectors etc. Starting with Function, Cost, and Worth, this book continues to discuss the important techniques for generating ideas, like Brain Storming, Gordan Technique, Morphological Analysis, and for evaluation of the alternatives, Feasibility Ranking. It also discusses ABC Analysis, Probabilistic approach and Make or buy decisions. Other techniques dealt with here are, Function
Analysis System Technique (FAST), Function analysis, Function-Cost-Worth Matrix, technically oriented and customer oriented FAST diagrams. Further Quantitative Method Matrix, Break-even Analysis and Life Cycle Costing have also been discussed.
The success in Value Engineering field depends, more on the coordinated and proper working of the Value Engineering teams. Organizations can draw benefits through such teams only. There are eight phases of the working of such teams, which are to be followed one after another. The book presents two detailed Case studies and many examples, for explaining and illustrating the various techniques and methodologies. This book presents various aspects of this subject clearly, and in a systematic manner, for the readers to understand easily. It is considered useful for those persons, who are interested or involved in Value Engineering activities, in different functions in the organizations, for improving the strength of their organizations.
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