Lambert Academic Publishing

الاثنين، 12 نوفمبر 2012

Definitions of Value Engineering

Value engineering is an organized creative approach which aims to pinpoint inessential expenditures precisely. These are the charges whose spending does enhance none of the qualitative, functional, customer-orientated or apparent aspects. The methodology of a system value determines the pertinent schemes, products, components for setting the worth of each one of them. Value engineering scrutinizes the scheme obligations to determine the realization of the actual value. Thus it seeks the fruition of the indispensable functions with the slightest expenses.  (Lida Haghnegahdar, and Ezzatollah Asgharizadeh , 2008)
VE is an effective technique for reducing costs, increasing productivity, and improving quality. It can be applied to hardware and software; development, production, and manufacturing; specifications, standards, contract requirements, and other acquisition program documentation; facilities design and construction. It may be successfully introduced at any point in the life-cycle of products, systems, or procedures. VE is a technique directed toward analyzing the functions of an item or process to determine "best value," or the best relationship between worth and cost. In other words, "best value" is represented by an item or process that consistently performs the required basic function and has the lowest total cost. In this context, the application of VE in facilities construction can yield a better value when construction is approached in a manner that incorporates environmentally-sound and energy-efficient practices and materials.(http://www.whitehouse.gov/omb/rewrite/circulars/a131/a131.html)
 
Today, VE is not only recognized but also acclaimed as one of the best Value Improving Practices that management can employ. Its successful application to strategic planning, quality improvement, management studies, manufacturing, and construction has demonstrated both its versatility and its durability as a management practice.
 
Value Engineering  is a systematic and organized procedural decision-making process. It has been used in almost any kind of application. It helps people creatively generate alternatives to secure essential functions at the greatest worth as opposed to costs. This is referred to as value. It is usually applied in a team setting, but that is not a requirement. It uses a job plan, is function based, and requires a product be generated as a result of the study (success only). It is also known as Value Analysis, Value Management, Value Planning, and a host of other names. With all its names, it almost has an identity crisis.)
One of the most unique features of Value Engineering is its use of functions and a function-logic process to describe needs, purposes, and ramifications. In addition to its many other benefits, the use of function-logic removes people from many of their preconceived biases. This, and a common understanding, are obtained through the use of two word functions (active verb, measurable-noun descriptors) and placing those functions in a decision-logic diagram. This powerful combination helps remove people from the "I want" position to the basic needs involved. It also helps people see what parts of their decisions rely on critical features, and where decisions are requiring substantial support to maintain them (potential value-mismatches, AKA potential value opportunities. (http://www.vetoday.com/value-engineering.php

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