Value engineering can reduce the costs of a project without sacrificing quality or performance. The goal of value engineering was to explore different designs, materials, and construction approaches that could make projects cheaper but maintain or improve their value and capability. This type of engineering can be used for products, buildings, civil projects, and other manufacturing processes.
Lawrence Miles developed the concept of value engineering during the Second World War. Miles suggested a formula for value engineering that divided the function by the cost. The shortage of materials made engineers reevaluate how many items were designed and built. Engineers brainstormed how to make better products while using fewer materials or by replacing materials with others that were more readily available. Miles used a team-based approach to gain more ideas and perspectives on the design process.
Value engineering can be incorporated into many design processes. Businesses can improve profits if they can make superior products that are more affordable than similar products. Material shortages, such as in the second World War, can force a need to find another available material. Value engineering, such as through an Engineering Services Duncanville TX company, can also make projects more environmentally friendly and easier to transport.
The aim of value engineering is not just to make items cheaply. It is to completely rethink design and engineering processes so that the project can be as effective and long-lasting as previous versions. Focusing on value engineering during the initial design phase can improve project outcomes or reduce waste because of later redevelopment. It may mean a longer design phase but can reduce long-term manufacturing schedules.
Value engineering reevaluates design processes to make items that cost less without sacrificing quality. This can help engineers design projects that are more affordable, eco-friendly, and easier to build.