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Tie 522 - Modules

The document outlines a course on Value Engineering and Value Analysis led by Dr. O.A. Muyiwa, focusing on function analysis, creative problem solving, and cost-benefit evaluation. It includes modules on the introduction to value analysis, types of exercises, tools and techniques, and the value engineering process. Further reading materials are also provided to enhance understanding of the subject.

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Ademola samuel adeola
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10 views10 pages

Tie 522 - Modules

The document outlines a course on Value Engineering and Value Analysis led by Dr. O.A. Muyiwa, focusing on function analysis, creative problem solving, and cost-benefit evaluation. It includes modules on the introduction to value analysis, types of exercises, tools and techniques, and the value engineering process. Further reading materials are also provided to enhance understanding of the subject.

Uploaded by

Ademola samuel adeola
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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TIE 522: VALUE ENGINEERING &

VALUE ANALYSIS

LECTURER
DR O.A. MUYIWA
COURSE LEARNING OUTCOMES
• Proficiently conduct function analysis, identifying and assessing
functions, performance criteria and constraints within complex
systems, products or processes
• Develop ability to employ creative problem solving techniques
to generate innovative solutions, fostering a mindset for
optimizing value in various engineering scenarios
• Evaluate alternative solution using cost-benefit analysis and
other relevant evaluation methods, enabling informed decision
– making in value engineering
• Learn how to effectively communicate value engineering
proposals and findings to stakeholders through well-structured
presentations, and documentations ensuring successful project
• Apply value engineering principles and methodologies in real-
world scenarios, demonstrating the capability to enhance value
and cost-effectiveness across diverse industries
MODULE ONE
• INTRODUCTION
• TERMINOLOGIES
• BASIC CONCEPTS IN VE & VA
MODULE TWO
• THE FOCUS OF VA
• WHY USING VA
MODULE THREE
• TYPES OF VA EXERCISES
1) VA FOR EXISTING PRODUCTS
2) VA FOR NEW PRODUCTS-VE
3) VA FOR PRODUCT FAMILIES-HORIZONTAL
DEPLOYMENT
4) COMPETITIVE VA
MODULE FOUR
• HOW TO USE VA
• SELECTION & DEVELOPMENT OF THE VA
TEAM
• CASES OF VA SUCCESS
MODULE FIVE
• TOOLS & TECHNIQUES FOR APPLICATION OF
VA
• BENEFITS OF VA
MODULE SIX
• VALUE ENGINEERING PROCESS
• OTHER VARIANTS OF JOB PLAN
MODULE SEVEN
• FAST DIAGRAM AS VALUE ENGINEERING
TOOL
• BENEFITS OF VALUE ENGINEERING
FURTHER READING
• Demarle, D.J. and L.M. Shillito, 1982. Value Engineering, Salvendy (ed).,
`Handbook of Industrial Engineering', John Wiley: New York.

• Dobler, D. W, Lee, Lamar Jr. and D.N. Burt, 1984. Purchasing and Materials
Management: Text and cases, McGraw-Hill Book Co.: New York.
• Greve, J.W. and F.W. Wilson, (eds.) 1967. Value Engineering in
Manufacturing, Prentice-Hall: Englewood-Cliffs.
• Miles, L.D. 1961. Techniques of Value Analysis and Engineering, McGraw-
Hill: New York.
• Mudge, Arther E. 1971, Value Engineering: A Systematic Approach,
McGraw-hill: New York.
• Reuter, V.G. 1985. Becoming Competitive with Value Engineering/Value
Analysis "Journal of Systems Management".
• Rich, N. and Holweg, M. (2002). Value Analysis, Value Engineering,
INNOREGIO: Dissemination of Innovation and Knowledge Management,
Lean Enterprise Research Centre, UK.

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