An Alternative to Cost Cutting Introduction Value engineering is the structured application of proven techniques at various design phases with the primary aim of cost avoidance, without sacrificing scope and quality. This approach requires extensive team interaction and creativity.
Value is the ratio of functionality to cost.
The function is the specific task required to satisfy a customer need and the cost is the resource consumed in achieving the function. Optimises Overall design Local design Clarifies Client requirements Nothing Value Engineering is a technique that is used to identify poor value functions and identify ideas for lower cost, higher value alternatives. It allows the creative generation of solutions to specific functionality problems, without reducing the scope of the process.