ABSTRACT
The objective of a Value Engineering (VE) study project is the successful incorporation of recommendations into the product or operation. VE can increase productivity, reduce product cost, improve quality, reduce administrative costs, and provide a number of other benefits that may be critical to operations. A major element of the evaluation process should be a one-day orientation for key management, those who will be required to support operations with time, manpower, and funds. The orientation should be presented by one who has had successful experience conducting VE operations within the constraints and limitations of daily operations. The coordinator should be required to select a consultant, develop an educational plan, aid in organizing and conducting workshops, and identify people who may be developed into value specialists. The value council is a small group of high-level executives who oversee operations. In a small company it might be chaired by the president or in a large company by a division manager.
