Value Engineering (VE) is a systematic approach aimed at improving the value of a project by either enhancing performance or reducing costs without compromising quality. It is often used in construction, manufacturing, and product development.
How It Works:
- Identifies unnecessary costs in a project.
- Encourages alternative solutions for efficiency.
- Uses a structured analysis to balance cost and function.
Benefits of Value Engineering:
✔ Cost savings without sacrificing quality.
✔ Optimized performance through better resource utilization.
✔ Improved sustainability by reducing waste and inefficiencies.
