Govt. Engg.

College Dahod
Product Design And Value Engg.

Sub.
Evaluation Method of
Value Engineering Projects
(090180119033)
1.
(090180119034)
2.
Joshi
Panchabhaiy
(090180119037)
3.
Sheth
Dhruv
D.Y.
a Sohel
Guided By:
Meet D.

Prof. R. I.

Value Analysis job plan

PHASE 1: General Phase
PHASE 2: Information Phase
PHASE 3: Function Analysis
Phase
PHASE 4: Creation Phase
PHASE 5: Evaluation Phase
PHASE 6: Investigation
Phase
PHASE 7: Recommendation

Value analysis job plan

Evaluation
Evaluation is a Step in the value
analysis job plan
This phase is a feasibility and cost
analysis phase.
The alternative ideas suggested
during the Creative phase were
refined and analyzed with a view that
whether they could achieve the

 This is carried out in two stages:

1. All suggestions were studied and those

which could not be adopted because of
quality, reliability or other basic
reasons were eliminated, and the others
were shortlisted.
2. The ideas shortlisted after the first
evaluation were critically studied and
discussed with the concerned personnel,
for feasibility and practibility of
production. Thus the ideas were further
shortlisted and assigned for feasibility

Final
Selection
Evaluate
Compare
Rank

Function
Listing
Challenges
Is it
necessary?
If not
Test
eliminate
Que Rest
Validate
Creative
Why-Why,
Ideation steps
Check if
How-How,
for Evaluation
Satisfies
Forced
Criteria
field,
Synthesise
Caused
Solution
Effect
Basic+Essenti
Analysis
al Secondary
Find
Support
Alternatives
Function
All Functions

Evaluation Methods
Ranking Method

This method decides that X is better than

Y ; & Y is better than Z. On this basis list of
priorities are set out in the order of
importance.
This method selects one criterion as the
dominant one and treat the other as
constraints. The ranking is done then.
For example , the criteria may be capital
cost would be the dominant criterion,
the selection may be made on the lowest

Simplified idea rating

It is a quick and effective means to boil down

the many ideas that are generated during the
Creation phase to a more manageable few in
number for further development.
Scoring categories are decided by the team.
Basically two inputs are chosen, each with a 5
point spread.
This process takes approximately 2 hours to
evaluate 100 ideas.

Idea Rating Table

Questions
Does the business meet your
investment
goals?
Does the business generate sufficient
profits?
Is the risk factor acceptable?
Does this business fit your
professional
skills?

Scoring
business ideas
BI1
BI2
BI3

3. Weighting method
This step is better than ranking.
It is done by assigning relative weights to each
criterion
Weightage
particular
weight
Each
of these Factor
design =
criteria
was given
a
Total weight
weightage
factor.
For Example :
To choose a machine on the basis of five factors
We decide that Capacity of the machine is most
important, and give it 10 points.

Ans:

Criteria

Weig
ht

Facto
r
Weig
ht

Machine 1
Machine 2
Raw Weighte Raw Weight
d
scor ed
Sco
e
re
Score
Score

Machine 3
Raw Weighte
d
scor
e
Score

Capacity 10

0.333 6

2.000

3.000

1.332

Life

7
6

0.233 7
0.200 7

1.631
1.400

5
5

1.165
1.000

7
10

1.631
2.000

0.133 9

1.200

1.065

10

1.330

Availabil 3
ity

0.100 8

0.800

10

1.000

0.600

1.000 37

7.031

37

7.230

37

6.893

Capital
cost
Running
cost

Of
spares
Total

30

For judging the ideas, the following

designs were generally considered
A. Function
B. Cost
C. Maintainability
D. Quality & Reliability
E. Space
Each of the above criteria was compared with
other, and depending on their relative
importance, three catagories were formed:
Weightage analysis
Major difference
Medium difference
Minor Difference

Points
3
2
1

Example : CHOICE OF POWER

SYSTEMS
KEY

CRITERIA

WEIGHT

CAPITAL COST

RELIABILITY

ADAPTIBILITY

OPERATING COST

AVAILABILITY

14

ACCEPTABILITY

Scale
Excellent

Good

Fair

Poor

Ans:

k
n
a
h
T

.
.
.
u
o
y

Any Questions?