Value Engineering

Success Problem

Many people think value engineering is just cost cutting.

Impact

Value engineering is a disciplined approach that examines alternatives to search for “the second right answer,” rather than indiscriminately cutting costs.

Recommendation

Value engineering studies are performed at the requests of clients — usually at either the conception phase or the preliminary engineering phase. Value engineering can, however, be effectively used through out the life of a project — during the planning, conceptualiza-tion, design, construction, or operations and maintenance phases — to save costs by analyzing and improving the technical standards and work processes.

Category

• Quality