1.1 carry out a Pareto analysis against at least four criteria

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1.1 carry out a Pareto analysis against at least four criteria

Unit 31: Value Management Unit code: A/601/1477

Learning outcomes

On successful completion of

this unit a learner will:

Assessment criteria for pass

The learner can:

LO1 Be able to carry out a Pareto

Analysis

1.1 carry out a Pareto analysis against at least four criteria

1.2 describe what information will be required to conduct a

Pareto analysis

1.3 describe the principles and process of Pareto analysis

LO2 Be able to produce part

families using a range of

criteria

2.1 produce part families from a given set of parts and a

range of bill of materials

2.2 describe a part numbering system which would be

helpful for putting parts into families

LO3 Be able to produce a total

cost model and supply chain

map for a product or process

3.1 produce a total cost model for a product or process

3.2 produce a supply chain map for a product or process

3.3 show how costs are related to functions and align these

to Porter’s Value Chain model

LO4 Be able to produce a detailed

proposal from the findings of

value management activities

4.1 develop and produce a detailed proposal following the

use of value management activities

4.2 justify appropriate alternatives produced from the use of

value management activities.