VALUE ENGINEERING--WHAT IT IS

Value engineering is defined, the various value techniques are described, and their applications are discussed. The techniques involve a systematic analysis of the function of a product, process, or service, establishing a value for that function and providing the necessary function at the lowest possible cost. Functional analysis, a most useful value technique, attempts to answer the questions: What does it do? What is it and how do we cost-reduce this design? A visual representation of this is presented in the FAST (Functional Analysis Systems Technique) diagram. This first analysis is followed by "Brainstorming" (the presentation of functional alternatives), which is followed by feasibility (weeding out of alternatives), consultation (alternatives are checked with outside experts), analysis matrix (rating by weighted criteria), and the life cycle cost comparison.

  • Availability:
  • Corporate Authors:

    Dun Donnelley Publishing Corporation

    222 South Riverside Plaza
    Chicago, IL  USA  60606
  • Authors:
    • Ebisch, B
  • Publication Date: 1977-5

Media Info

  • Features: Figures; Tables;
  • Pagination: p. 58-61
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00164016
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Nov 9 1977 12:00AM