VE is a systematic and organized approach to provide the necessary functions in a project at the lowest cost. Value engineering promotes the substitution of materials and methods with less expensive alternatives, without sacrificing functionality. It is focused solely on the functions of various components and materials, rather than their physical attributes. Also, called value analysis.
@ Concept & we using our own methodology to deal with Value Engineering projects / requests, which must go through following filters:
Generate ideas to enhance value and value for money.
- Build shared knowledge and understanding of the context, value factors, and project details.
- Evaluate the ideas.
- Develop proposals.
- Make recommendations.
- Produce an action plan.
- Generate awesome solutions & designs.
- Enjoyable & fun execution.