What is Value Engineering?
Value Engineering “VE” is defined as it is an organized approach to providing the necessary functions
at the lowest cost, from the beginning the concept of value engineering was seen to be cost validation
exercise, which did not affect the quality of the product. The straight omission of an enhancement
or finish would not be considered value engineering.
This lead to the second definition:
It is an organized approach to the identification and elimination of unnecessary cost Unnecessary
cost is Cost which provides neither use, nor life, nor quality, nor appearance, nor customer features.
How to increase Value?
Value Engineering Phases:
Value Engineering Example Case Study:
- Information phase:
A commonly asked question is what chiller is the best, air cooled or water cooled. The answer to that
question is that there is no one perfect chiller for all applications. There are many aspects that come
into effect when choosing what chiller would be best for a building and its cooling system. With so
many decisions being based on cost and purely cost alone, quality is sometimes thrown out of the
equation. Quality is a major factor of the equation and should always be thought of.
- Creative phase :
- Analysis Phase :
In the following table “VE Scoring” we will choose few factors which will lead to more accurate analysis where every factor will be given a weight from 100% to compare between the options we have.
- Report Phase:
As Shown in the table in the analysis phase it is recommended to use the water cooled chiller.
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