Product Design using Value Engineering in 2020

Product Design (PD) using Value Engineering.

It has been established worldwide that the most prosperous economies are based on innovation and creativity-led entrepreneurship. The management is focusing on putting concerted efforts to produce work producers.

The current MOOC on (PD) using Value Engineering is conceptualized and planned in such a way that it helps both job creators as well as job seekers. The principal purpose of the course is to acquaint the learners/students with practical information regarding the conceptualization, design, and development of a new product with a focused Value Engineering Approach.

The need for a new product, the (PD) process, the application of Value Engineering principles in the (PD) method have been discussed in the course. The difference between the thought of Value Engineering and Cost Cutting has been elaborated with precedents.

The Value Engineering Job Plan (VEJP) has also been discussed, especially in the context of the product design process. Different types of product functions, their identification, definition, analysis has been explained with examples. Various concepts, such as the function-cost relationship have been explained with relevant and specific examples/ case studies.

INTENDED AUDIENCE: Engineers, Product Designers, Product Management Professionals, UG/PG students.