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VE Is ComprehensiveThe DOE's value engineering definition further states that VE studies do all of the following:
This lengthy to-do list does NOT mean that applying VE needs to be a costly big government-like undertaking. It just means that we need to be rigorous and objective in our thinking, especially when it comes to cash flow. VE Produces ResultsWithin the DOE's value engineering definition, projects that have already experienced cost, schedule, or scope problems benefit from VE analysis. But the greatest potential for improvement is in technically and organizationally complex or unusually constrained projects in preliminary design, at 20-35% completion. VE at this point produces maximum benefit because recommendations can be implemented without delaying progress or causing significant rework of completed designs. While the average cost improvement from VE is 6%, cost reduction is not always the most significant benefit. Schedule reductions, environmental requirement modification, and operational procedures can all be improved through the functional cost evaluation used in all VE studies. Small Business BenefitsOne of the best examples of applying VE in the small business world is in choosing how to increase cash flow using the Internet. Most small businesses don't have an effective Web site. Most existing small business Web sites are nothing more than online brochures. Any time and effort spent on them is generally wasted because they don't produce results. Results are the true test. For this reason, we like to show how recognized value engineering principles can be applied to using the Internet to increase business and improve cash flow. There is generally one inescapable conclusion ... Site Build It! by SiteSell offers the best value in Web business building tools and services. Contact us right now and we'll gladly show you how to apply simple value engineering principles in your own enterprise. Return from this value engineering definition page |
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