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McGill University in Montreal, Quebec pioneered an innovative course designed to give university students a chance to work with an industry participant on a real-world problem. The program has been in practice for the past 35 years, and has facilitated over 200 projects. Students work on an engineering problem, provided by a company, involving product design, manufacturing processes, or service improvement. The program allows senior mechanical engineering students and industry leading companies to become fully immersed in the systematic problem solving technique, Value Engineering.
The course is lead by a certified value specialist (CVS), which allows students to work towards both course credit and MOD I certification. Benefits of the program are felt both by the student and the industry participant. Industry participants receive real solutions to the problems, as well as potential new talent for their organization. As part of the course students prepare presentations of their findings as well as a written report.
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Value Engineering (also known as Value Management or Value Analysis) depending on the business sector, is a systematic and function based approach to improve the value of the projects, processes or products. By identifying required (basic) functions through “functional analysis” an item’s cost can more closely match its worth. Functional Performance Specification is an extension to the VE process that expresses client needs in terms of functions and constraints. An evaluation criteria including acceptance levels and flexibility are developed to describe the client needs.
Course Duration - 2 Days.
The goals and objectives of this course are to inform and instruct participants of VA/VE methodology using this systematic approach. This is a SAVE International-certified Module 1 course that instructs participants on the ability to utilize this methodology in many applications to develop the optimal solution for a product, process or project which will insure user satisfaction at the optimum cost.
At the end of the course, participants will understand the principles of value analysis/value engineering. Furthermore, the participants will work on sample projects in a team environment during the 40 hour course.
The course instructors will be Lucie Parrot, M.Eng., CVS (Life) and Tom Fletcher P.Eng., CVS.
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