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 ?
Naturally, value engineering should commence at the beginning of a project, mainly because this is where the benefits are optimal.
We did some value engineering on the masterplan, and have come up with new solutions, but we never diverted from our original vision."
* Value Engineering. The DoD VE program reduces cost, increases quality, and improves mission capabilities across the entire spectrum of DoD systems, processes, and organizations.
Airinmar's Value Engineering Services analyzes all costs associated with the repair process, including price quotes from suppliers and service vendors, labor, flight-hour agreements, and power-by-the-hour (PBH) pricing and warranties.
Release date- 24072019 - BERKSHIRE, England -AAR (NYSE: AIR) subsidiary Airinmar, the global leader in component repair cycle management and aircraft warranty solutions, has signed a three-year agreement with Smartwings, the largest Czech airline, to provide component Value Engineering Services for maximum cost savings.
Anchored by three key panel discussions -- Value Engineering in Buildings, Value Engineering in Infrastructure Projects, and VE and Technology -- the conference's agenda was rounded off by two presentations, one of which was a CPD workshop.
[USPRwire, Wed Jul 11 2018] The Big Project Middle East is hosting Value Engineering Summit at Habtoor Grand Hotel on September 5, 2018, to improve the efficiency in the construction industry by addressing the key issues and topics around the subject.
With oil prices unlikely to bounce back to previous highs, a premium will be placed on value engineering and innovation.