value engineering


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Related to value engineering: value analysis

value engineering

An organized effort directed at analyzing the function of Department of Defense systems, equipment, facilities, procedures, and supplies for the purpose of achieving the required function at the lowest total cost of effective ownership, consistent with requirements for performance, reliability, quality, and maintainability.
References in periodicals archive ?
Value engineering is an important element in the construction chain and has the potential to offer tremendous value to project owners and developers.
Value Engineering is an organized approach for examining and improving engineering project services to reduce costs.
Similarly, product value engineering (PVE) addresses waste, but does so through design instead of process.
Sometimes, it's done in a hurry," he laments, explaining the drawbacks of value engineering during the construction stage.
Value engineering entails adjusting the original materials and design to lower costs without changing functionality and architectural design.
Speaking to Bahrain News Agency (BNA), he said value engineering is considered a tool to increase effectiveness of engineering projects while reducing the cost.
The Value Engineering Conference' is considered to be one of the biggest and most important conferences in the Middle East, as it features various research topics and participants.
Using new techniques such as using value engineering in an environment that has not experienced it yet with obstacles and challenges identify and provide strategies for eliminating them and considered as one of the most important factors for successful implementation of value engineering.
Along with Sheffield and Manchester, Birmingham is highlighted as a city that will lead a new High Value Engineering revolution in the UK.
Under its consultancy segment, Takmeel will be offering key services such as space planning, concept design and detailed design, project management and value engineering.
To help transportation professionals put value engineering into practice, the National Highway Institute (NHI) recently updated its Value Engineering Workshop (FHWA-NHI-134005), a 3-day course in which participants learn how to serve as members of a value engineering team and conduct the related analyses.
He said the approach elaborated in the paper was based on conducting a value engineering study on the proposed construction design before submitting the bid to identify areas which can reduce the total cost of the bid.