Illustrates a typical Value Engineering workshop to improve business in manufacturing, government and Contractor VECP's. Provides testimonials from the U.S. Air Force, CALTRANS, DOD and Westinghouse.
(Circa Late 1950's)
This training video was developed by the US DoD to communicate the principles of function, cost, and worth. Since this time, the Value profession generally avoids the use of the words "COST REDUCTION" and instead focuses on "VALUE IMPROVEMENT." Use of VA/VE for "COST REDUCTION" is an exception and not the rule. As Value Analysis/Value Engineering has evolved into the Value Methodology, the video does not fully represent contemporary SAVE International and ASTM Value Analysis/Value Engineering Standards. The basic principles of functions, function cost, and worth and cost modeling continue to apply.
The Commonwealth mandated the use of value engineering to improve value and reduce the cost to taxpayers. The Virginia Department of Transportation (VDOT) administers this program
Municipal application of Value Engineering in stretching a transportation bridge so that funds saved by a community can be used for additional necessary work.