Value Engineering, also known as value analysis, is a systematic function-based method that serves to increase the value of products, projects, or processes.As part of an IV study, a team will follow a structured process.
This process will help members communicate, capture different perspectives, innovate and analyze.What is value?Value is what you are willing to pay for the performance of a product, process or project.Good value is obtained when the desired performance is clearly defined and the lowest cost of the life cycle is achieved.Value engineering improves value.
For road projects, this improvement can take the following forms: reducing the cost of the life cycle of an interchange, improving the safety of a concept or reducing the impact on the public by shortening the duration of a project.Value engineering involves using a combination of analytical and creative techniques to find creative ways to achieve goals.
The functional analysis technique is what distinguishes the engineering method from the value of other methods of solution analysis.
The IV strives to provide a product or service at the best price, incorporating valuable features that customers value most.How does the analysis of the function work?When performing a function analysis , the function is defined by an active verb and a measurable name.
As an example, the function of this site is to inform the reader.How does the IV work?Value engineering is based on a structured process for evaluating different options.