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Value Engineering: An Alternative to Cost Cutting

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Value Engineering: An Alternative to Cost Cutting

By Added Value Engineering Consultants

Value Engineering: An Alternative to Cost Cutting

By Added Value Engineering Consultants
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Value engineering is the structured application of proven techniques at various design phases with the primary aim of cost avoidance, without sacrificing scope and quality. The principle involves evaluating the function of the process and/or equipment and focusing on poor value items/functions. This approach requires extensive team interaction and creativity.

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