Value engineering is defined by the Chartered Institute of Management Accountants as the functional analysis and redesign of products and services to provide value to the customer. Value engineering ...

This course covers the history of value engineering, the benefits it provides (even those beyond the budget), the value engineering methodology, when value engineering should happen and when it ...

If you had to define value engineering in a single word, you might boil it down to 'efficiency.' That would be one word, but it wouldn’t be accurate. The basic misconception of value engineering is ...