How Value Engineering Works

These are the steps to follow to evaluate product options.
- Gather information.
  - What is being done now?
  - What must be done?
  - What could it do?
  - What must it not do?
  - What else can perform the desired function?
  - How will the alternatives be measured?
  - What does it cost?
- Generate new ideas.
  - What else will perform the desired function?
  - This requires abstract thinking.
- Evaluate how well the alternatives meet the required functions and how great will the cost savings be.
  - Which ideas are the best?
  - How will the alternatives be measured?
  - What are the impacts?
  - What is the cost?
  - What is the performance?

[VALUE CHAPTER]

© 2008 John Michael Pierobon

Notes