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Problem Solving Techniques #2: Value Analysis
 
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See how Value Analysis can be used to help determine improvement and re-design priorities.
Views: 65754 Eugene O'Loughlin
Value analysis in a nutshell
 
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What exactly is Value Analysis? What are the core elements of this methodology? And why has this approach been so successful for 70 years? How do you proceed within such a value analysis project? What are the tasks of a Professional in Value Management (PVM)? This short explanatory video gives a first overview of the topic using the example of a construction project. The methodology Value Analysis is an organized and creative approach that applies a function- and cost-oriented design process with the aim of increasing the value of the value analysis object. It is characterized by: • Functional orientation (basic idea: The customer does not want the object but its function / effect) • Value concept (How can I increase the value of an object? How can I realize functions at the best price?) • Holistic approach (integration of all stakeholders) • Interdisciplinary teamwork (integration of employees from product development, production, sales, purchasing ...) with space for creativity • Structured, step-by-step approach (according to the value analysis work plan described in the guideline VDI 2800) and • Application neutrality, which means that the methodology can be used independently of the industry, from the phase of the project (from the concept phase to the existing product) and from the considered object (product, process, service). How these core elements, responsible for the success of the methodology, are working together, is shown vividly. In 1947 Value Analysis has been developed in the USA by Lawrence D. Miles. The Technical Division Value Management / Value Analysis at the VDI has been the leading organization for the application, support and further development Value Analysis / Value Management in the German-speaking world since 1967. It also plays a leading role in the international community. Links: Technical Division Value Management/Value Analysis http://www.vdi.eu/engineering/vdi-societies/product-and-process-design/product-and-process-design/value-managementvalue-analysis/
Views: 5210 VDI
What is Value Engineering and its benefits ,Step/Process
 
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Dosto iss videos mai hum baat karage “Engineering Economics”ka UNIT-4 ka topic-“Value Engineering” kya hota Hai aur benefits and step/process ka bare mai discuss karegeye. Download For Notes Link-https://www.notesgen.com/note/49131/value-engineering-unit-4-engineering-economics.html To Download App For Notes-https://www.notesgen.com/user/home नमस्कार दोस्तों, आपका बहुत बहुत स्वागत है हमारे चैनल "mindmaker guruji" में, Hello friends, Welcome to "mindmaker guruji", Please SUBSCRIBE to “mindmaker guruji”. Jai Hind Jai Bharat Thanks
Views: 8163 mindmaker guruji
Value Analysis
 
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Value Analysis
Views: 1709 William Richmond
Value Analysis
 
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The Value Analysis Model is the standard of value measurement. A Value Analysis study answers the critical question: “What do your customers value?” Base your branding and marketing efforts on a solid foundation of optimizing your current brand and understanding what your customers value now and will value next.
Views: 3543 ThatBrandGuy.com
PROCESS VALUE ANALYSIS - Part I out of II
 
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Informative video about Qualitative Analysis for Process Improvement, which has been created as a part of a university assignment at the HWR Berlin for the obtainment of Master of Business Intelligence and Process Management.-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 18 Erica Ivarsson
What is VALUE ENGINEERING? What does VALUE ENGINEERING mean? VALUE ENGINEERING meaning & explanation
 
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I MAKE CUTE BABIES - https://amzn.to/2DqiynS What is VALUE ENGINEERING? What does VALUE ENGINEERING mean? VALUE ENGINEERING meaning - VALUE ENGINEERING definition - VALUE ENGINEERING explanation, Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements. The reasoning behind value engineering is as follows: if marketers expect a product to become practically or stylistically obsolete within a specific length of time, they can design it to only last for that specific lifetime. The products could be built with higher-grade components, but with value engineering they are not because this would impose an unnecessary cost on the manufacturer, and to a limited extent also an increased cost on the purchaser. Value engineering will reduce these costs. A company will typically use the least expensive components that satisfy the product's lifetime projections. Due to the very short life spans, however, which is often a result of this "value engineering technique", planned obsolescence has become associated with product deterioration and inferior quality. Vance Packard once claimed this practice gave engineering as a whole a bad name, as it directed creative engineering energies toward short-term market ends. Philosophers such as Herbert Marcuse and Jacque Fresco have also criticized the economic and societal implications of this model. Value engineering began at General Electric Co. during World War II. Because of the war, there were shortages of skilled labour, raw materials, and component parts. Lawrence Miles, Jerry Leftow, and Harry Erlicher at G.E. looked for acceptable substitutes. They noticed that these substitutions often reduced costs, improved the product, or both. What started out as an accident of necessity was turned into a systematic process. They called their technique "value analysis". Value engineering is sometimes taught within the project management or industrial engineering body of knowledge as a technique in which the value of a system’s outputs is optimized by crafting a mix of performance (function) and costs. In most cases this practice identifies and removes unnecessary expenditures, thereby increasing the value for the manufacturer and/or their customers. VE follows a structured thought process that is based exclusively on "function", i.e. what something "does" not what it is. For example a screw driver that is being used to stir a can of paint has a "function" of mixing the contents of a paint can and not the original connotation of securing a screw into a screw-hole. In value engineering "functions" are always described in a two word abridgment consisting of an active verb and measurable noun (what is being done - the verb - and what it is being done to - the noun) and to do so in the most non-prescriptive way possible. In the screw driver and can of paint example, the most basic function would be "blend liquid" which is less prescriptive than "stir paint" which can be seen to limit the action (by stirring) and to limit the application (only considers paint). This is the basis of what value engineering refers to as "function analysis". Value engineering uses rational logic (a unique "how" - "why" questioning technique) and the analysis of function to identify relationships that increase value. It is considered a quantitative method similar to the scientific method, which focuses on hypothesis-conclusion approaches to test relationships, and operations research, which uses model building to identify predictive relationships.
Views: 22329 The Audiopedia
What is Value Chain? Value Chain Definition, its Management and Analysis | AIMS Lecture
 
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Lecture: What is Value Chain? http://www.aims.education/study-online/what-is-value-chain-definition/ As per Value chain definition, it is a model that explains how businesses receive raw materials as input, add value to the raw materials through various processes, and sell finished products to customers.
Views: 174113 AIMS Education - UK
Value Analysis course: performing functional analysis - Procurement training - Purchasing skills
 
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https://www.procurement-academy.com The e-learning topics, for buyers, covered in our procurement academy online training: tender, negotiation, finance, total cost of ownership -- TCO, RFP, RFI, RFT, category management, contract writing, strategic sourcing, tender documents, supplier development, cost calculation, European procurement, cost estimation, legal terms, supplier performance management -- KPI, contract management, value analysis, cost breakdown, incoterms, development of specifications, how to write an RFP, procurement assessment, procurement certificate. Procurement Academy offers the highest quality procurement training solutions at affordable prices. Discover our innovative approach to procurement E-learning. Procurement Academy’s focus is on training global corporate procurement departments. For our customers, we create a world-class learning environment that will allow each individual within the procurement team to develop the skills that are required for their specific roles. More info? [email protected] Subscribe our Blog: https://www.procurement-academy.com/blog/ Follow us : Website: https://www.procurement-academy.com Facebook: https://www.facebook.com/ProcurementAcademy Twitter: https://twitter.com/BuyerAcademy For more videos kindly subscribe to our youtube channel.
Views: 5094 procurementacademy
Value Analysis 201: The 5 Why's of Value Analysis – An Introduction
 
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Lean thinking continues to emerge and embed its ideas into our traditional ways of thinking about Value Analysis and Healthcare. In lean thinking, the thought is to ask “why” five times to get to the root cause of an issue.
Views: 233 AHRMM
Boundary Value Analysis In Software Testing - Test Design Technique
 
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►Check the below link for detailed post on "Boundary Value Analysis Test Case Design Technique" http://www.softwaretestingmaterial.com/boundary-value-analysis-testing-technique/ ►THANKS for taking the time to visit, I hope you SUBSCRIBE and enjoy the upcoming videos! ►Please SUBSCRIBE for More videos: https://www.youtube.com/channel/UCIJGI_3XgnfUaSNQD8D2IMQ ►If you like this video, Please click on Like and Comment! ►Follow Us on Social Network: ►Google +: https://plus.google.com/u/0/112866700026030919889/posts ►Facebook: https://www.facebook.com/SoftwareTestingMaterial ►Twitter: https://twitter.com/STMWebsite ►Pinterest: https://www.pinterest.com/stmsite/ ►Website: http://www.softwaretestingmaterial.com ►LinkedIn: https://www.linkedin.com/in/rajkumarsm/
Value Chain Analysis Explained
 
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Michael Porter's Value Chain Analysis can get complicated; particularly when applying the concept to services businesses. Watch this video for a straightforward 3-step process that can help you enhance your customer's value.
Views: 156364 Soma Datta
What is a Value Analysis Professional?
 
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Did you know that a Value Analysis Professional helps patients by using evidence-based decision making? Learn more about one of our favorite patients, Ava and her Value Analysis Professional, Laurie....
Views: 1810 AHVAP Team
A 4-Step Process for Selling to Hospital Value Analysis Committees
 
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In this video, Martin Gold discusses a 4-step process for selling medical technology to hospital Value Analysis Committees (VACs). In addition, Martin discusses and explains the five categories of value propositions he uses to develop value propositioning messaging for VACs and other hospital stakeholders.
Value Creation and 5 Parts of Every Business
 
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Our business education starts with "Value Creation". We talk about the importance of 5 parts of every business and how it is crucial for you to develop skills in relation to those parts. 1)Value Creation 2)Marketing 3)Sales 4)Value Delivery 5)Finance We go more in-depth in this video. In the next video, we will talk about "The Iron law of Marketing" Stay tuned...
Views: 19222 Stoic Leaders
The essence of a Value Engineering (VE) Workshop
 
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Short explanation of the appliance of Value Engineering through a VE Workshop
Views: 9107 perryelbers
Facilitating Function Analysis
 
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Knowledge Nugget: Facilitating Function Analysis
Views: 2955 SAVE International
Boundary Value Analysis and Equivalence Partitioning: Software Testing Tutorial
 
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http://www.guru99.com/equivalence-partitioning-boundary-value-analysis.html This beginner’s tutorial will introduce the concept of Testing Techniques with examples. It demonstrates use of Equivalence partitioning and Boundary value analysis. What is Boundary Testing? Boundary Testing is the process of Testing between extreme ends or Boundaries between partitions of the input values. What is Equivalent Class Partitioning? Equivalent Class Partitioning is a black box technique (code is not visible to tester) which can be applied to all levels of testing like unit, integration, system, etc. The tutorial discussed difference between Boundary Value Analysis and Equivalence Partitioning. Like, share and subscribe our channel for more videos. Enjoy Our free tutorial on our YouTube channel and our website. Watch more videos on our YouTube channel at https://www.youtube.com/channel/UC19i1XD6k88KqHlET8atqFQ READ this as a book on Amazon by viewing at http://amzn.to/2vaj1aA Visit our website for more! www.guru99.com FACEBOOK! Would you prefer to watch more about us? Like our page for more https://www.facebook.com/guru99com/ TWITTER! Tweet for us on Twitter with #guru99 and follow us on https://twitter.com/guru99com THANKS! We appreciate you reading this and hope you have a wonderful day! Sincerely, Guru99
Views: 214318 Guru99
CA Revision:Cost Reduction vs Cost Control,Pareto Analysis,Target Costing,Value Engineering
 
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Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company’s services or product, the strategies can vary. Every decision in the product development process affects cost. Pareto Analysis is a statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall effect. It uses the Pareto Principle (also known as the 80/20 rule) the idea that by doing 20% of the work you can generate 80% of the benefit of doing the entire job. Take quality improvement, for example, a vast majority of problems (80%) are produced by a few key causes (20%). This technique is also called the vital few and the trivial many. Target costing is an approach to determine a product’s life-cycle cost which should be sufficient to develop specified functionality and quality, while ensuring its desired profit. It involves setting a target cost by subtracting a desired profit margin from a competitive market price.[1] A target cost is the maximum amount of cost that can be incurred on a product, however, the firm can still earn the required profit margin from that product at a particular selling price. Target costing decomposes the target cost from product level to component level. Through this decomposition, target costing spreads the competitive pressure faced by the company to product’s designers and suppliers. Target costing consists of cost planning in the design phase of production as well as cost control throughout the resulting product life cycle. The cardinal rule of target costing is to never exceed the target cost. However, the focus of target costing is not to minimize costs, but to achieve a desired level of cost reduction determined by the target costing process. Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be manipulated by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements. #CostManagementTechniques#PART3
Views: 1175 StudyByTech
Mod-4 Lec-17 Value Engineering
 
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Lecture Series on Industrial Engineering by Prof.Inderdeep Singh, Department of Mechanical and Industrial Engineering, IIT Roorkee. For more details on NPTEL visit http://nptel.iitm.ac.in
Views: 30979 nptelhrd
21. Earned Value Analysis
 
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Earned Value Analysis (EVA) is an industry standard method of measuring a project's progress at any given point in time, forecasting its completion date and final cost, and analyzing variances in the schedule and budget as the project proceeds PLEASE REFER THE LINKS AS FOLLOW IF YOU NEED LEARN MORE: - You Can Ace Your PMP® Exam With The World’s Most Popular PMP® Video Training Course! : http://bit.ly/2AnUnGh - The PMI-ACP® Exam Simulator Features : http://bit.ly/2k7GuoW - CAPM® Exam Prep and CAPM® Exam Simulator : http://bit.ly/2Af7dWC - Free PMI-ACP® Exam Simulator : http://bit.ly/2nixIWw - The CAPM® Exam Simulator Features : http://bit.ly/2Ah2qUE - The PMP Exam is Changing in 2018 : http://bit.ly/2AmSk5f - PMP Exam Prep Essentials Overview Your Condensed PMP® Exam Prep Study Guide : http://bit.ly/2ngB8ZQ - eBook The PMP Exam Prep Essentials Study Guide : http://bit.ly/2ngB8ZQ - The PMP Exam Printable FlashCards (PDF FlashCards Only) : http://bit.ly/2ByCiTE - The PMP Exam eFlashCards (Portable eFlashCards Only) : http://bit.ly/2i3lUBQ - The PMP Exam FlashCards (eFlashCards & PDF Bundle) : http://bit.ly/2BAEuKr - PMP Exam Formula Study Guide (Free, Redacted Version) : http://bit.ly/2kbPoBU - The PM StudyCoach (For PMBOK Guide 5th Edition) : http://bit.ly/2Bnn035 - The PDU Podcast (Year 3) : http://bit.ly/2AmAY65 - Earn PDUs with The PM PrepCast : http://bit.ly/2zAXgjc - Earn PDUs with The Agile PrepCast : http://bit.ly/2Alns2n - The PM PrepCast (For PMBOK Guide 5th Edition) : http://bit.ly/2ipC5NZ - The Free Agile PrepCast : http://bit.ly/2kd0VRl - The Agile PrepCast : http://bit.ly/2nieb8w - The PDU Podcast (Year 2) : http://bit.ly/2Af9qRU - The PDU Podcast (Year 1) : http://bit.ly/2Af9ykm - The Free PM PrepCast - Sample Videos and Free PMP Exam Prep Material : http://bit.ly/2k9tBuK - The PDU Podcast (Monthly Subscription) : http://bit.ly/2ne1uLO - PMP Exam Formula Study Guide : http://bit.ly/2ALYfRU
Value Analysis & Value Engineering Solution for Off Highway Industry
 
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Value Analysis & Value Engineering (VAVE) Solution for Off Highway. Our G-VAVE solution helps reduce product design and manufacturing cost by optimizing product design. Geometric Portfolio for Off-Highway offerings: http://geometricglobal.com/industries/off-highway/
Views: 10195 HCL GeometricPLM
PMBOK 6: Earned Value Management Analysis in simple language
 
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The video starts with an example. A contractor was given a project to install 50 desktop machines for a client at USD 1000 in 5 days. So the total contract is for USD 1000. The project manager analyzed and figures out that it requires USD 100 for 10 machines per day in 5 days. Estimation of USD 100 per day makes the project cost as USD 500. USD 500 is the project cost baseline. The project cost baseline has nothing to do with what the contractor is getting. These are 2 separate conversations. This is explained in a very simple language with the help of a Table. The Table contains Day 1 to Day 5 as Rows and Plan value, Actual value and Earned value as columns. On Day-1 you install 7 machines and actually spent USD 120, whereas planned was USD 100. So you can say that you have spent USD 120 against USD 100 and installed 7 machines against 10 machines. But as per the plan, you were supposed to spend USD 10 per machine. Now earned value comes into the picture. Earned value is a combination of actual quantity and planned rate. It is the terminology what is the worth of work completed against my budget. Earned value = the value of work you have done=7 *10 = USD 70 on Day1 On Day1 we actually have done the work worth USD 70 whereas we have spent USD 120 Here Planned Value =USD 100, Actual Value=USD 120 and Earned Value= USD 70. In simple language Earned value is the value of my completed work as per my cost baseline. For variance and more details please enroll in our online course at https://www.izenbridge.com/pmp/online-course/
Customer Value Analysis
 
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Customer Value Analysis
‘Value Add and Non-Value Add’ analysis. Process of MUDA elimination(हिंदी में सीखे) |
 
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Learn how to conduct Value Add and Non-Value Add analysis to eliminate MUDA from process. Explained with example. ……………………………………………………………… Watch other videos from ‘Quality HUB India’- - Link of video Gallery https://www.youtube.com/channel/UCdDEcmELwWVr_77GpqldKmg/videos • Subscribe and click on Bell Icon for getting notification. • Like, comment & Share link of the video with your colleague and friends ……………………………………………………………… For In-House Program, Advertisement at our channel and Business inquiry Contact us at: [email protected] ……………………………………………………………… Link to buy books 1. Mistake-Proofing Simplified: An Indian Perspective: https://www.amazon.in/gp/product/8174890165/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=8174890165&linkCode=as2&tag=qhi-21 2. Management Thoughts on Quality for Every Manager: https://www.amazon.in/gp/product/B0075MCLTO/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B0075MCLTO&linkCode=as2&tag=qhi-21 ……………………………………………………………………… Gadgets we use and Link to buy 1. OnePlus 5 - Mobile https://www.amazon.in/gp/product/B01MXZW51M/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B01MXZW51M&linkCode=as2&tag=qhi-21 2. HP 14-AM122TU 14-inch Laptop https://www.amazon.in/gp/product/B06ZYLLT8G/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B06ZYLLT8G&linkCode=as2&tag=qhi-21 3. Canon EOS 700D 18MP Digital SLR Camera https://www.amazon.in/gp/product/B00VT61IKA/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00VT61IKA&linkCode=as2&tag=qhi-21 4. Sonia 9 Feet Light Stand LS-250 https://www.amazon.in/gp/product/B01K7SW2OQ/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B01K7SW2OQ&linkCode=as2&tag=qhi-21 5. Sony MDR-XB450 On-Ear EXTRA BASS Headphones https://www.amazon.in/gp/product/B00NFJGUPW/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00NFJGUPW&linkCode=as2&tag=qhi-21 6. QHM 602 USB MINI SPEAKER https://www.amazon.in/gp/product/B00L393EXC/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00L393EXC&linkCode=as2&tag=qhi-21 7. Photron Tripod Stedy 400 with 4.5 Feet Pan Head https://www.amazon.in/gp/product/B00UBUMCNW/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00UBUMCNW&linkCode=as2&tag=qhi-21 8. Tie Clip Collar mic Lapel https://www.amazon.in/gp/product/B00ITOD6NM/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00ITOD6NM&linkCode=as2&tag=qhi-21 9. Hanumex Generic Green BackDrop Background 8x12 Ft for Studio Backdrop https://www.amazon.in/gp/product/B06W53TMDR/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B06W53TMDR&linkCode=as2&tag=qhi-21 10. J 228 Mini Tripod Mount + Action Camera Holder Clip Desktop Self-Tripod For Camera https://www.amazon.in/gp/product/B072JXX9DB/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B072JXX9DB&linkCode=as2&tag=qhi-21 11. Seagate Backup Plus Slim 1TB Portable External Hard Drive https://www.amazon.in/gp/product/B00GASLJK6/ref=as_li_tl?ie=UTF8&camp=3638&creative=24630&creativeASIN=B00GASLJK6&linkCode=as2&tag=qhi-21
Views: 4996 Quality HUB India
Product by Value Analysis
 
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I have demonstrated the Product by Value Analysis using a case.
Views: 1363 Pb Venkataraman
Value analysis /Value engineering explained in Tamil/தமிழ்.
 
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Value analysis is the systematic application of recognized techniques which identify the function of a product or service, establish a monetary value for the function and provide the necessary function reliability at the lowest overall cost- Society of American value engineers. Value= Performance (Utility )/Cost Difference between Value analysis and value engineering. Value analysis is the application of set of techniques to an existing product with a view to improve its Value , thus it is a remedial process. Value Engineering is the application of exactly the same set of techniques to a new product at the design stage. Personal Introduction- I have good experience in Production/ Warehouse Management/ Inventory Management. If you have any requirements for the below.I can provide solutions (Part time/Full time/Freelancing) Stabilizing productivity for your organization. Optimising Resources. Line balancing. Warehouse Management. Inventory Management. Procurement. Training on Industrial Engineering concept s. Or any other requirement's on Industrial Engineering. Please find my experience details. My name is Bharani. I have cumulative 10 years experience in the field of Automotive component assembly/ Automotive component warehouse management/ Inventory Management/ Automotive component sales Management. I have completed Industrial Engineering ( Institution- Indian institution of Industrial Engineering). Contact details- [email protected] or businesstechnophile.com Thanks.
Automobile Value Analysis
 
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In this video, OC Auto Consultants performs a detailed analysis of all possible methods of obtaining the best value for your money in your automobile selection and transaction process.
Views: 171 Shahram Soroudi
Value Analysis Technique  - Identify and Overcome Roadblocks
 
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Value Analysis Comparing Specified Performance (Function) with Cost Value of Current and Alternative Designs, Processes and Vendors. Finding opportunity of redesign to reduce cost value. Roadblocks prevent development of value alternatives. Roadblocks are mainly lack of information, acceptance of wrong information, and a wrong belief. The specific technique of identifying and overcoming roadblocks is another item in the kit of tools which is positively essential for the professional value engineer to learn to use effectively. Presented by Professor K.V.S.S. Narayana Rao (NITIE) Industrial Engineering knowledge Center http://nraoiekc.blogspot.com
Views: 108 Narayana Rao
Earned Value Analysis - Example
 
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Mechanical Engineering Video lectures for GATE/IES/IAS and PSUs follow us at http://iesgeneralstudies.com/ or http://gatemech.com/forum/
Value engineering
 
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Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements. The reasoning behind value engineering is as follows: if marketers expect a product to become practically or stylistically obsolete within a specific length of time, they can design it to only last for that specific lifetime. The products could be built with higher-grade components, but with value-engineering they are not because this would impose an unnecessary cost on the manufacturer, and to a limited extend also an increased cost on the purchaser. Value engineering will reduce these costs. A company will typically use the least expensive components that satisfy the product's lifetime projections. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 9375 Audiopedia
Value Engineering Summit 2018 - Panel Discussion I - THE VALUE OF VALUE ENGINEERING
 
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Moderator and Summit Chair, Sameer Daoud, leads a discussion about the enormous benefits value engineering can have across the board when correctly applied to the construction process. With the process resulting in lower design costs and better construction sequencing of a project, while decreasing the overall expense, this discussion will be of interest to developers, consultants and contractors in this time of tight budgets and margins. Panelists: Airolink – Robert Marinelli ALEC Fit-Out – Tom Gilmartin ALEMCO – Rob McDonnell Drees & Sommer – Morgan Tuckness F+G and RICS – Steven Batchelor Select Group – Benoit McNamara Moderator: Sameer Daoud, MECIC Contracting
How to Conduct 7 Wastes +1 Analysis and Non-Value Added Analysis【Excel Template】
 
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This video demonstrates the first steps of the Analyze Phase, the Non-Value-Added Analysis, and the 7-Wastes Analysis. In Lean Six Sigma we've added one more to the 7 Wastes, so we call it the 8-Wastes Analysis. By using these analyses, you can sort out many issues in your target process. You can conduct both of the analyses on the Value Stream Map that you would usually have already made in the Define Phase. Our Value Stream Mapping template can show you the guidelines of both of the analyses. You can also put Kaizen Point icons and record your process's issues on the Value Stream Map. This map helps you to visually identify where your Vital-Few issues are in your target process. Of special note: an explanation about the 8th Waste: "Employees' Unused Creativity", which is essential in a service operation's improvement, is a must-see. (Process Improvement Methodology for Service Operations, PMP, Project Management, Lean Six Sigma Japan: Episode 29) << Download the Value Stream Mapping Template >> http://econoshift.com/wp-content/uploads/2015/06/Value-Stream-Mapping-v3.xlsm <<Read this video's transcript in my blog.>> http://econoshift.com/en/non-value-added-analysis-2/ << Related Videos >> The 5 Steps of Value Stream Mapping 【Excel Template Practice】 https://youtu.be/cRWQ3LoIva0 Lean Six Sigma has to start from Voice of Customer: VOC 【Excel Template: VOC Matrix Diagram】 https://youtu.be/Eofdyyvh_4k Lean Six Sigma Version - The 7 (+1) Wastes = 【DOWNTIME】 (Toyota Production System) https://youtu.be/9HY-E2cnliQ << About this Channel >> "Learn world-class Kaizen and improve your work and yourself." This channel is for people who love their jobs, and want to improve their work and themselves. << SUBSCRIBE: (Click the link below.) >> http://www.youtube.com/subscription_center?add_user=UC40p9DIj6R1noH4-mx88oyg << Video Upload Schedule >> A new video is uploaded bi-weekly at 7:30 am EST, Sundays. Please subscribe and share the journey together. << Let's Connect! >> Mike Negami's Blog Site: http://econoshift.com/en/ Free Excel Template Downloads: http://econoshift.com/ja/free-downloads/ Facebook Page: https://www.facebook.com/Econoshift/
Views: 2272 econoshift.com
Boundary Value Analysis(BVA) – Theory and Introduction - Software Engineering Lectures
 
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Boundary Value Analysis(BVA) – Theory and Introduction - Software Engineering Lectures in Hindi and English
How to Value Analysis Committee Successfully
 
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https://medgroup.biz/vac An essential presentation if you are a medical device company that needs to get past the Value Analysis Committee at the hospital before your product can be purchased. Delivered by Dr. Beth Brooks of Decision-Driver Analytics.
Views: 455 MedicalMarcom
Earned Value Analysis
 
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This video describes key concepts of Earned Value Management and use an example to illustrate key concepts
Manual Testing | Boundary value analysis
 
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Manual Testing |
Views: 5746 dailytechhelp
Product Design and Value Engineering
 
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A.T. Kearney’s Product Excellence and Renewal Lab, or PERLab, helps you take a holistic approach to product portfolio management with a focus on cost reductions and revenue improvements, giving companies a long term competitive advantage through the lifecycle of their products.
Views: 705 A.T. Kearney
Equivalence Partitioning ( EP ) and Boundary Value Analysis ( BVA ) - Test Design Technique example
 
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Learn Equivalence Partitioning and Boundary Value Analysis test designing techniques with Equivalence Partitioning examples and BVA in testing with example in English and equivalence partitioning and boundary value analysis difference. 1) equivalence partitioning in software testing : 3 examples 2) boundary value analysis testing : 3 examples Next, learn Decision Table testing at https://youtu.be/ED2iJXkdhCQ Software Testing Tutorials : https://www.youtube.com/playlist?list=PLc3SzDYhhiGWuMK03uYO-UENAx0s2woWM Test Automation : https://www.youtube.com/playlist?list=PLc3SzDYhhiGXVcy8EcrTSfwsC-v8EUZvg Database Testing : https://www.youtube.com/playlist?list=PLc3SzDYhhiGVVb76aFOH9AcIMNAW-JuXE Programming Concepts : https://www.youtube.com/playlist?list=PLc3SzDYhhiGVqrvE28rlJR75asbujHoUL Follow me on: Website: http://inderpsingh.blogspot.com/ Google+: https://plus.google.com/+InderPSingh Twitter: https://twitter.com/inder_p_singh
L.D. Miles Value engineering – value analysis techniques 1. Avoid Generalities
 
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General statements are like fog. The road may be clear but you can’t move forward. Value analysis is an intensive activity. One has to deal with item by item, feature by feature. Every material used has to be examined for value. Every radius, every corner, every hole in the part has to be examined for function and value. Every operation done has to be examined for function accomplished and cost. For results in value study use specific function of each cost element. Generalities that stop investigation only prevent change and protect the status quo.
Views: 134 Narayana Rao
Value Analysis Lecture by Dr Ahmed Allam
 
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Value Analysis Lecture by Dr Ahmed Allam to GCC Executive Developers January 2014.
Views: 136 Ahmed Allam
Boundary Value Analysis
 
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Boundary Value Analysis
Views: 4952 rajat shukla
Earned Value Management - Software Quality Engineering (Lecture 97)
 
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Earned Value Management Software Quality Engineering
MS Project 2013 - Earned Value Analysis
 
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MS Project 2013 - Earned Value Analysis Watch more videos at https://www.tutorialspoint.com/videotutorials/index.htm Lecture By: Mr. Akshay Marge, Tutorials Point India Private Limited

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