Asked by Ana Bel Montes on Jun 13, 2024
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Value engineering (VE)and value analysis (VA)use the same methods,but VA is performed in the design stage and VE is performed in the redesign stage.
Value Engineering (VE)
A systematic method to improve the "value" of goods or products and services by using an examination of function. Value, in this context, can be defined as the ratio of function to cost.
Value Analysis (VA)
is a method to improve product value by examining its function, design, and the cost of components, aiming for cost reduction while maintaining quality.
- Acquire insight into the relevance and implementations of cost management strategies, encompassing activity-based costing, the learning curve, and total cost of ownership.
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Learning Objectives
- Acquire insight into the relevance and implementations of cost management strategies, encompassing activity-based costing, the learning curve, and total cost of ownership.
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