Entry from British & World English dictionary
Definition of value engineering in English:
The modification of designs and systems according to value analysis.
- Often, however, designs undergo shortsighted value engineering to keep costs down.
- The firm says it has saved the state about $85 million by reducing change orders, implementing more efficient scheduling and using value engineering and other total quality management efforts.
- An effective approach to value engineering asks how buildings can be designed to cost-effectively meet design and functional goals.
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