Value engineering refers to a systematic process aimed at increasing the value of a product. It focuses on improving functionality while keeping costs low. Sometimes referred to as “value analysis,” value engineering involves a team of designers and engineers coming together to analyze every step of a project to ensure maximum value.
When it comes to construction projects, value engineering can be an extremely valuable process for all stakeholders, especially if done in the beginning. Though it can be applied during any phase of the design process, applying the methodology early will save time and costs down the line, providing a better return on investment.
Courtesy of Civil Mentors