Value Engineering Project Manager

Job Summary:

We are seeking a highly skilled and motivated Value Engineering Project Manager to join our team. This role will focus on optimizing the cost and value of Consumer PCs through strategic initiatives in collaboration with the Commodity Engineering team, Procurement, Design and Architecture teams. The ideal candidate will be responsible for leading cross-functional collaboration, driving results through a strong influence mindset, and working independently to deliver cost-effective solutions that align with business goals.

Key Responsibilities:

• Cost To Value Optimization: Lead initiatives to analyze, optimize, and reduce costs across personal computer components, systems, and manufacturing processes without compromising quality or performance, looking for the optimal design architecture /technology to deliver each value element.

• Cross-Functional Collaboration: Work closely with R&D, engineering, supply chain, manufacturing, competitive teardown team and marketing teams to evaluate design alternatives, materials, and processes to optimize overall E2E product cost.

• Influence and Drive Results: Influence key stakeholders across functions, offering actionable insights and recommendations. Drive cost-saving initiatives through effective communication, negotiation, and alignment of goals gen over gen through the PLC, with a strong focus on early strategic choices at Portfolio level to achieve substantial structural cost improvements on each grounds-up design.

• Independent Decision-Making: Work independently with minimal supervision, taking ownership of projects from ideation through execution, and delivering high-quality solutions within established timelines.

• Continuous Improvement: Monitor industry trends, identify emerging technologies and design innovations, and incorporate these into cost optimization strategies.

• Documentation & Reporting: Maintain detailed records of cost analysis, design decisions, and improvements. Provide regular updates and reports to senior management on project status and achieved results.

• Risk Management: Evaluate and mitigate risks associated with design changes or cost reductions, ensuring the product’s integrity, functionality, and quality are preserved.

Qualifications:

• Bachelor’s degree in Engineering, Industrial Design, Supply Chain Management, or a related field. Advanced degree preferred.

• 5 years of experience in value engineering, cost optimization, or product design, preferably in the personal computer or electronics industry.

• Strong understanding of product lifecycle, component sourcing, and manufacturing processes for personal computers.

• Proven experience in working cross-functionally, with the ability to build relationships and drive decisions across teams.

• Excellent communication and negotiation skills, with the ability to influence at all levels of the organization.

• Strong analytical and problem-solving abilities with a keen eye for detail.

• Ability to work independently, managing multiple projects and priorities simultaneously.

• Familiarity with design-for-manufacture (DFM), design-for-cost (DFC), and value engineering methodologies is a plus.

• Knowledge of industry standards, compliance, and cost benchmarking.

Personal Attributes:

• Strategic thinker with the ability to balance cost, performance, and design requirements.

• Self-driven and proactive in identifying opportunities for improvement.

• Comfortable working in a fast-paced and dynamic environment.

• Resilient and adaptable, with a focus on achieving long-term results despite challenges.

The base pay range for this role is $130,350.00 to $200,750.00 annually with additional opportunities for pay in the form of bonus and/or equity (applies to US candidates only). Pay varies by work location, job-related knowledge, skills, and experience.

Benefits:

HP offers a comprehensive benefits package for this position, including:

• Health insurance

• Dental insurance

• Vision insurance

• Long term/short term disability insurance

• Employee assistance program

• Flexible spending account

• Life insurance

• Generous time off policies, including;

  • 4-12 weeks fully paid parental leave based on tenure

  • 11 paid holidays

  • Additional flexible paid vacation and sick leave (US benefits overview)

The compensation and benefits information is accurate as of the date of this posting. The Company reserves the right to modify this information at any time, with or without notice, subject to applicable law.