Question

what do you understand by value engineering?

Answer 1

Value Engineering is a methodology and an organized process to identify opportunities

1. To remove unnecessary costs while assuring the quality, reliability, performance, and Other critical factor still meeting and exceeding the customer’s expectations.
2. This is to secure a prominent place in the competing market.
3. It is not intended to correct omissions in the design, nor to review calculations made by the designer.
4. It does not cut cost by sacrificing needed quality, reliability, or performance, rather it reduces extra, non developmental costs.

Answer 2

Value Engineering relates to economy of a structure, Your structure may be safe but there could be better designed structures which cost less and are safe too, this process is value Engineering