Value Engineering (VE) is a product or process improvement program that is one of the oldest in the federal government. Its objective is to improve the functional value of a product or process for ...

Over the past half-century, value engineering (VE) has proven to be an effective tool to manage time, costs, and quality with an aim to maximize value. It has also been shown to be a highly effective ...

In 2024 it was significantly higher. A key component for value engineering involves striving to maximize function while minimizing cost. It’s more than just reducing costs at the expense of quality.