1. SL 1 in Value Engineering 1

2. 2 Module Objectives The module will help you to: 1.State purpose and advantage of VE 2.Define VE, function and identify functions of a given component 3.Define FAST, construct a FAST diagram and create a cost table 4.Define creativity & list concepts of VE & identify the VE concept applied in a particular case 5.Briefly narrate the history of VE

3. SL 1 in Value Engineering 3 Module Outline SL 1 in Value Engineering 1. Overview of Value Engineering 4. Concepts of VE 5. History of VE 3. FAST diagram, Cost Table 2. Value Engineering, Function 1. Overview of Value Engineering

4. SL 1 in Value Engineering 4 Welcome to the court of Emperor Jalaluddin Muhammad Akbar

5. 5 Noble men! There is a very important matter before the court today. The raw material price is shooting up. The material cost of a sword has gone up by Rs.10. And …. We are adding 50,000 soldiers to our army this year. I want to handle this situation without increasing the taxes. Please give your valuable suggestions as to how we should face this situation.

6. SL 1 in Value Engineering 6 !? !! ?? Why everyone’s quiet? Birbal! I am surprised that you too have become silent!! Why everyone’s quiet? Birbal! I am surprised that you too have become silent!! Your Majesty, I have six ideas which can reduce the cost of a sword by atleast Rs.20 without compromising the functional requirements. Brilliant!. Tell us those ideas. Brilliant!. Tell us those ideas.

7. SL 1 in Value Engineering 7 Presently, the hilt has 7 parts. The proposed design will have 4. Existing Design 7 parts New Idea 4 parts Part Count Reduction

8. SL 1 in Value Engineering 8 For the new hilt, instead of designing exclusive rivets, we can use the rivets of daggers. For the new hilt, instead of designing exclusive rivets, we can use the rivets of daggers. Part Commonisatio n x

9. SL 1 in Value Engineering 9 When the Shah of Persia was our Guest last month, I observed that the hilt in his sword does not have a curved portion. We can design similar hilts for our experienced soldiers. When the Shah of Persia was our Guest last month, I observed that the hilt in his sword does not have a curved portion. We can design similar hilts for our experienced soldiers. Benchmarking New Idea Existing Design Curved portion

10. SL 1 in Value Engineering 10 Alternate Material Blade Sheath Copper Steel The sheath which houses the blade is made of copper now. We can switch over to Alloy steel which is cheaper. The sheath which houses the blade is made of copper now. We can switch over to Alloy steel which is cheaper.

11. SL 1 in Value Engineering 11 Weight Reduction Blade Sheath Since alloy steel is stronger than copper, we can reduce the thickness by 0.5 mm which will save material 2 mm 1.5 mm

12. SL 1 in Value Engineering 12 Yield Improvement The curved blade design is yielding only 2 pieces per die. If a straight blade is designed, we can extract 3 pieces per die. 2 Blades 3 Blades

13. SL 1 in Value Engineering 13 Your majesty. The present design is being used since the time of Babur without any failure. We should not risk any design change. Your majesty. The present design is being used since the time of Babur without any failure. We should not risk any design change. Saheb, there is no doubt that the present sword designed by you for my Grandfather’s army is superior. However, let us test this new design in our barracks.If they pass the tests, we will deploy them in the battle field. If the ideas pass the test, we can save atleast Rs. Ten Lakhs this year, thus serving the purpose of cost reduction. There is an advantage also. I do not have to increase the tax.

14. SL 1 in Value Engineering 14 Birbal! I wonder how you developed these ideas! Is there a systematic way by which others can also be trained to generate such ideas. Yes, your Majesty. With the help of Functional Analysis System Technique(FAST) any body can generate such ideas. FAST is a powerful tool used in Value Engineering (VE) which is an extremely effective system to improve products and services for cost and productivity improvement. Yes, your Majesty. With the help of Functional Analysis System Technique(FAST) any body can generate such ideas. FAST is a powerful tool used in Value Engineering (VE) which is an extremely effective system to improve products and services for cost and productivity improvement. If six ideas for the sword itself can save Rs. Ten lakhs, imagine how much money we can save on other weapons like spears, arrows and cannons etc. If six ideas for the sword itself can save Rs. Ten lakhs, imagine how much money we can save on other weapons like spears, arrows and cannons etc.

15. SL 1 in Value Engineering 15 Birbal! There are four divisions in my army – Infantry, Cavalry,Artillery and Elephant brigade. I want you to teach the engineers in each of these divisions the application of Value Engineering (VE), especially the Functional Analysis System Technique(FAST). Each division should release Armoury Change Requests (ACRs) for the worth of Rs.25 lakh. Yes, your Majesty.