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Value Analysis and Value Engineering

Value Analysis is a standardized, multi-skilled team approach which aims at ascertaining the lowest cost way and guaranteeing the highest worth to complete the functions of a product, process or service. Value analysis means to evaluate product functions and value-to-cost ratios, and to find opportunities for costs reduction.

Value Engineering denotes to the design stage. This methodology is commonly used for new products, therefore the same principles and techniques to pre-manufacturing stages such as concept development, design and prototyping are applied.


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To sum up, VA / VE is a systematic and systemic method to increase the value of an item, which can be a product, system, process, procedure, plan, machine, equipment , tool, service or working method. Function analysis is measure of VA as its purpose is to recognize product functions compared to cost and price; design and construction assessment is done through VE with the goal of excluding elements which are not contributing to function.

Product's function should not be considered merely as its application and practical uses: it can also comprise aesthetic features, or the combination of the two subsequently dictates of functional beauty philosophy: this theory is based on the co-occurrence of aesthetics and performance. What matters the most in enlisting a VA / VE is that the function is evidently defined, so that it can be examined in detail and sub-segmented to make the examination easier.

A project completed with VA/VE technology is more fruitful and effective than a project developed without that method, because goals and requirements are pursued in a customer centric way. VA/VE is almost boundless in identifying area of possible savings, as it can be used to reach quality, improve effectiveness and reduce risks, in a cost saving way.


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