It has been established worldwide that the most successful economies are based on innovation and creativity led entrepreneurship. The government is focusing on putting concerted efforts to produce job creators. The current MOOC on Product Design using Value Engineering is conceptualized and planned in such a way that it helps both job creators as well as job seekers. The main objective of the course is to acquaint the learners/students with the practical knowledge regarding conceptualization, design and development of a new product with a focused Value Engineering Approach. The need of a new product, the product design process, the application of Value Engineering principles in product design process have been discussed in the course. The difference between the concept of Value Engineering and Cost Cutting has been elaborated with examples. The Value Engineering Job Plan (VEJP) has also been discussed, especially in context of the product design process. Different types of product functions, their identification, definition, analysis has been explained with examples. Various concepts, such as function-cost relationship have been explained with relevant and specific examples/ case studies.
AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75 AND FINAL SCORE >=40
BASED ON THE FINAL SCORE, Certificate criteria will be as below:
>=90 - Elite + Gold
75-89 -Elite + Silver
>=60 - Elite
40-59 - Successfully Completed