Value engineering

"Value Engineering (or Value Analysis) is widely used to study and apply cost-saving techniques during a product's life cycle; from design and development to purchasing and manufacturing. The implementation of Value Engineering results in "more for less," and it is rapidly becoming the favored method of planners and engineers to design parts, equipment, and products in a way that will provide the lowest possible cost without sacrificing reliability." "In Value Engineering: A Blueprint, James Brown uses his vast experience to explain fully every aspect of the subject from its history to…