value engineering

Value Analysis-Value Engineering (VA-VE) is over half a century old! The concept evolved, during the ‘40s, as a ‘creative problem-solving system, implemented by the use of a specific set of techniques, a body of knowledge and a group of learned skills’. The practice of VA-VE Team Approach spread ‘like wild fire’ ...

Value Engineering is a conscious and explicit set of disciplined procedures designed to seek out optimum value for both initial and long-term investment. First utilized in the manufacturing industry during World War II, it has been widely used in the construction industry for many years. Value Engineering (VE) is not a ...