Value engineering


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Related to Value engineering: value analysis

value engineering

[′val·yü ‚en·jə‚nir·iŋ]
(industrial engineering)
The systematic application of recognized techniques which identify the function of a product or service, and provide the necessary function reliably at lowest overall cost. Also known as value analysis; value control.

Value engineering

An organized activity in which building systems, equipment, design features, and materials are analyzed in order to attain the lowest building life-cycle cost while maintaining the stated functional and performance goals including quality, reliability, and safety.

Value engineering

A thinking system (also called value management or value analysis) used to develop decision criteria when it is important to secure as much as possible of what is wanted from each unit of the resource used. The resource may be money, time, material, labor, space, energy, and so on. The system is unique in that it effectively uses both knowledge and creativity, and provides step-by-step techniques for maximizing the benefits from both. It promotes development of alternatives suitable for the future as well as the present. This is accomplished by identifying and studying each function that is wanted by the customer or user, then applying knowledge and creativity to achieve the desired function. Resources are converted into costs to achieve direct, meaningful comparisons. By using the methods of value engineering, 15 to 40% reduction in the required resources often results.

Value engineering has applications in five broad areas: in design, purchase, and manufacture of products; in administrative groups, private or public, where the task is to achieve accomplishment through people; in all areas of social service work, such as hospitals, insurance services, or colleges; in architectural design and construction; and in development as well as research.

The system is used to improve value in either or both of two situations: (1) The product or service as used or as planned may provide 100% of the functions the user wants, but lower costs may be needed. The system then holds those functions but achieves them at lower cost. (2) The product or service may have deficiencies, that is, it does not perform the desired functions or lacks quality, and so also lacks good value. The system aims at correcting those deficiencies, providing the functions wanted, while at the same time holding the use of resources (costs) at a minimum. See Industrial engineering, Methods engineering, Operations research, Optimization, Process engineering, Production engineering, Production planning

value engineering

valley jack and valley rafter
A discipline of engineering that studies the relative monetary values of various materials and construction techniques, including
References in periodicals archive ?
It's also important to realize that value engineering is a continuous process; products are optimized constantly during their lifecycle as both the scale of production and needs of customers change over time.
Allowing Hilmarc's to make design changes before the award in the guise of value engineering is not allowed by law or even the concept of value engineering, which is only available in the prebid stage," he said.
He also asserted that the Works Ministry had benefited a lot from applying value engineering which resulted in better expenditure in projects, a remarkable drop in maintenance and operating costs, developing resources' competences, ensuring administrative quality and streamlining procedures.
Value engineering is a set of techniques guided for analyzing structured and creative functions, product, service or system, while they aimed to achieve the lowest total cost functions with peculiarities that constitute its value, such as performance, reliability, maintenance, appearance.
Value engineering analysis teams are made up of multidisciplinary professionals who are not directly involved in developing the project they are reviewing.
Program/Project: Civil Works District Value Engineering Program, Jacksonville District, U.
With Kipcon Value Engineering Analysis, a detailed review is undertaken, considering all of the materials and equipment that has to be replaced along with any associated costs, including energy and maintenance costs.
The former Office of the Assistant Secretary of Defense for Acquisition and Logistics initiated the DoD Value Engineering Awards Program in 1982 to encourage additional projects and improve in-house and contractor productivity.
The software applied value engineering metrics to focus the team on key areas of high-cost, problematic component behavior, technical contradictions, and functional constraints.
After discovering the best casting and tooling methods as well as contracting AFW, AMC and the DSCC's Value Engineering and Maritime groups conjoined to support AFW in producing the order so that the DLA would procure the parts correctly.
The value engineering savings were created by fully understanding JEA's requirements and applying the cost-saving expertise that Haskell provides each one of it's clients," says Gary Gray, Haskell's assistant project manager who worked on Highlands.