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Value engineering. I

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1 Author(s)

Value engineering was developed in the USA after the Second World War and first appeared in Britain in the mid 1960s. It became popular at the time but has since been somewhat eclipsed. However, competitive pressures on producers mean that interest has been renewed. The author discusses the difference between cost and value and then explains when value engineering should be applied. The changes needed in an organisation to accommodate value engineering and processes involved in value engineering are discussed.

Published in:

Engineering Management Journal  (Volume:3 ,  Issue: 4 )

Date of Publication:

Aug 1993

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