This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. REDSTONE ARSENAL, Ala. — When you get down ...

If you had to define value engineering in a single word, you might boil it down to 'efficiency.' That would be one word, but it wouldn’t be accurate. The basic misconception of value engineering is ...

U.S. Army Aviation and Missile Command Commanding General Maj. Gen. Todd Royar hosted a virtual Value Engineering/ Army Working Capital Fund Investment Program Awards Ceremony Feb. 8 from Bob Jones ...

In its first such update in two decades, the Office of Management and Budget has revised long-standing guidance instructing agency managers to adopt the private-sector discipline known as “value ...

Construction professionals know the importance of value engineering to keeping projects on budget. But we also know that term has been diluted. According to Wikipedia, “value engineering is a ...

Ideally, products are developed and manufactured using a systematic approach that assesses value for the marketplace. This value is evaluated as a ratio of function to cost. Value increases either by ...

During any phase of the market cycle, the value engineering process – starting at pre-construction and continuing throughout a project’s life-cycle – can play a key role in the delivery of top-quality ...

Yes. Value Engineering is a thing. In the corporate world it's called getting more "bang for your buck". In the Federal Government, it's a bit trickier. Every year, Congress "appropriates", or sets ...

Every contractor has seen it happen: a project design that, for whatever reason, exceeds the owner's budget. If there's no leeway to spend more—and these days, there usually isn't—the contractor has ...