Home > Terms > English, UK (UE) > Value engineering (VE)
Value engineering (VE)
(1) A creative approach used to optimise project life cycle costs, save time, increase profits, improve quality, expand market share, solve problems, and/or use resources more effectively.
(2) An organised effort to analyse the functions of a system, equipment, facilities, services, and supplies, for the purpose of achieving the essential functions at the lowest life-cycle cost consistent with required performance, reliability, quality, and safety.
This is auto-generated content. You can help to improve it.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Business services
- Category: Project management
- Company: WSDOT
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Geography Category: Cities & towns
Dongguan
Dongguan (Chinese: 东莞; pinyin: Dōngguǎn) is a prefecture-level city in central Guangdong province, People's Republic of China. An important industrial ...
Contributor
Featured blossaries
Browers Terms By Category
- Railroad(457)
- Train parts(12)
- Trains(2)
Railways(471) Terms
- Film titles(41)
- Film studies(26)
- Filmmaking(17)
- Film types(13)
Cinema(97) Terms
- Advertising(244)
- Event(2)
Marketing(246) Terms
- General astronomy(781)
- Astronaut(371)
- Planetary science(355)
- Moon(121)
- Comets(101)
- Mars(69)
Astronomy(1901) Terms
- Bread(293)
- Cookies(91)
- Pastries(81)
- Cakes(69)