What is meant by value engineering?

Question

Accepted Answer

Value engineering is a systematic process of analyzing and improving the value of a project or product.

It involves identifying unnecessary costs and finding ways to reduce them without compromising quality or functionality.
It can be applied to various stages of a project, from design to construction to maintenance.
Examples include using cheaper materials that still meet project requirements, simplifying design elements, and optimizing construction processes.
Value engineering can result in cost savings, improved efficiency, and better overall project outcomes.

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