Professional Documents
Culture Documents
1RV04IM054
Overview
Brief history
Introduction
Definitions
Objectives
Value Job Plan
Examples
Framework of Value Analysis in Management
Practices
FAST
Case Study
Benefits
Weakness
BRIEF HISTORY OF VALUE
ENGINEERING
It was during the World War II that the concept of value
engineering emerged by chance. Due to the scarcity of critical
materials to be obtained, many manufacturers were forced to find
out substitute materials and designs for the applications desired.
The General Electric Company found that many of the materials
that were substituted worked out cheaper and gave much better
performance than the original ones.
To Increase Value:-
F F F F
C C C C
“F.A.S.T. Diagram”
Examples of Verbs and
Nouns
ACTIVE VERBS NOUNS
Transmit Signal
Irradiate Information
Project Data
Dissipate Heat
Generate Radiation
Convert Current
Receive Light
Reflect etc… Image etc..
Example Of FAST
In a FAST diagram , HOW might something be done? And WHY should something be
done? Are used to develop relations between various functions.
The word HOW is always written on the LEFT and answered by reading to RIGHT.
The word WHY is always written on the RIGHT and answered by reading to LEFT.
To the LEFT is always HOW and it is known as High Order Function or an OBJECTIVE
whereas to the RIGHT is always WHY and is known as Lowest Order Function or the
Beginning of the study.
CASE STUDY