7ENT1137 Explore product development in a business context in terms of the product specifications, standards, life cycle assessment and functions of manufacturing industry.

CW_02 Failure Mode & Effects Analysis (FMEA) and Value Management

Learning Outcome 1: Explore product development in a business context in terms of the product specifications, standards, life cycle assessment and functions of manufacturing industry;

Learning Outcome 2: Examine the information flows and typical management structures that support product development;

Learning Outcome 3: Reflect the need for high ethical conduct in the context of product development;

Learning Outcome 4: Analyse competitive forces influencing product and business decisions;

Learning Outcome 5: Apply the tools and techniques typically used during product development;

Learning Outcome 6: Evaluate alternative product strategies individually and/or in a group.

Assignment Brief:
In your previous Assignment/CW_01, you are required to introduce an assigned new product A, B, ...., or E, using QFD for manufacturing purpose, taken into consideration the given requirements.

In Module Units 4, 5 and 7, you have studied the Failure Mode and Effects Analysis (FMEA) and the associated Risk Priority Numbers (RPNs) that is used to analyse severity, occurrence/probability and detectability of failures in both services and manufacturing industries, as well as Value Engineering and Make or Buy Decisions, respectively.

For this Assignment/CW_02, still on your assigned new product A, B, ...., or E (Note: You cannot change your already allocated product during Assignment/CW_02), you are expected to demonstrate the following:

1. Conduct Failure Mode and Effect Analysis (FMEA) for the assigned new product A, B, ...., or E, ensuring at least three areas of concerns are met (2 pages maximum).

2. Discuss the argument of in-house or out-sourcing` (Make or Buy Decisions) for the production of the product/assigned new product A, B, ...., or E, ensure to include the product materials, production cost and overall profit/loss account.

3. Incorporate Value Management tools, especially Value Engineering (VE) to recommend design changes to the new product (assigned new product A, B, ...., or E). Show the number of unique parts reduction, assemble process and cost saving.

4. Compile a comprehensive product development report for a hypothetical manufacturing company to include design analysis, drawings, among other details.