Evaluation Method of Value Engineering Projects

8/18/2019 Evaluation Method of Value Engineering Projects

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Guided By:

Prof. R. I.

Product Design And Value Engg.

Sub. Evaluation Method of

Value Engineering Projects

Govt. Engg. College Dahod

(09018011903

4)

(090180119037)

(090180119033)

1.

Pancabai!a Soel ".

#. $osiDru% D.

3. Set&eet D.


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P'ASE # n*or+ation Pase

P'ASE 3 ,unction Anal!sisPase

P'ASE 4 -reation Pase

P'ASE E%aluation Pase

P'ASE / n%estigationPase

P'ASE 7 eco++endation

alue Analysis jo !lan

P'ASE 1 eneral Pase


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Value anal!sis 2ob lan


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• Evaluation is a Step in the valueanalysis job plan

• This phase is a feasibility and costanalysis phase.

• The alternative ideas suggestedduring the "reative !hase wererened and analyzed with a view that

whether they could achieve the

E%aluation


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• #his is carried out in t$o stages:• 1. All suggestions were studied and those

which could not be adopted because of%uality , reliaility or other asicreasons were eliminated, and the others

were shortlisted.• #. The ideas shortlisted after the rst

evaluation were critically studied and

discussed with the concerned personnel,for feasibility and practibility ofproduction. Thus the ideas were further

shortlisted and assigned for feasibilityranin matri!.


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,unctionisting

,inalSelection

E%aluate

-o+arean5

6estValidate

-ec5 i*Satises-riteria

S!ntesiseSolutionasicEssential Secondar!

Suort

,unction

,indAlternati%esAll ,unctions

:ue est

;!=

,orcedeld=

-ausedE?ectAnal!sis

-allenges

s itnecessar!@

* noteli+inate

-reati%edeation stes*or E%aluation


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E%aluation &etods

an5ing &etod

• This method decides that " is better than

# $ % # is better than &. 'n this basis list ofpriorities are set out in the order o*i+ortance.

• This method selects one criterion as the

do+inant one and treat the other as constraints. The raning is done then.

• (or e!ample , the criteria may be caitalcost would be the do+inant criterion,the selection may be made on the lo$est


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i+lied idea rating

• )t is a *uic and e+ective means to boil downthe many ideas that are generated during the"reation !hase to a more manageable few in

number for further development.• Scoring categories are decided by the team.

asically two inputs are chosen, each with a -point spread.

•

This process taes appro!imately hours toevaluate /00 ideas.


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Scoringbusiness ideas

:uestions BI1 BI2 BI31oes the business meet yourinvestmentgoals2

1oes the business generate su3cientprots2

)s the ris factor acceptable2

1oes this business t your

professionalsills2

dea ating 6able


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•

This step is better than raning.• )t is done by assigning relative weights to each

criterion• Each of these design criteria was given a

weightage factor.

. ;eigting +etod

'or E(a&!le 4To choose a machine on the basis of ve factors

5e decide that 6apacity of the machine is mostimportant, and give it /0 points.

;eigtage ,actor articular >eigt

B 6otal >eigt


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&acine 1 &acine # &acine 3

-riteria ;eig

t

,acto

r

;eig

t

a>

Sco

re

;eigte

d

Score

a>

scor

e

;eigt

ed

Score

a>

scor

e

;eigte

d

Score

-aacit! /0 0.888 9 .000 : 8.000 ; /.88

i*e < 0.88 < /.98/ - /./9- < /.98/-aital

cost

9 0.00 < /.;00 - /.000 /0 .000

unning

cost

; 0./88 : /.00 = /.09- /0 /.880

A%ailabil

it!

C*

sares

8 0./00 = 0.=00 /0 /.000 9 0.900

6otal 80 /.000 8<


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;eigtage anal!sis Points

>ajor di+erence 8

>edium di+erence

>inor 1i+erence /

• Each of the above criteria was compared withother, and depending on their relativeimportance, three catagories were formed4

,or 2udging te ideas= te *ollo>ingdesigns >ere generall! considered

• A. ,unction• . -ost• -. &aintainabilit!• D. :ualit! eliabilit!•

E. Sace


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Ea+le -'C-E C, PC;ES"S6E&S

FE" -6EA ;E'6

A -AP6A -CS6

EA6" 7

- ADAP66" 3

D CPEA6G -CS6 9

E AVAA6" 14

, A--EP6A6" #

Scale

Ecellent 4ood 3

,air #

Poor 1


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Ans


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6 a n 5 ! o u...

An! :uestions @

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Evaluation Method of Value Engineering Projects