Search results
Results from the WOW.Com Content Network
Value engineering can lead to the substitution of lower-cost materials, as with the exterior cladding that accelerated the Grenfell Tower fire in London. [1] [2]Value engineering (VE) is a systematic analysis of the functions of various components and materials to lower the cost of goods, products and services with a tolerable loss of performance or functionality.
Value-based engineering (VBE) is a system development and innovation approach that implements the IEEE St. 7000 "Model Process for Addressing Ethical Concerns during System Design" released in 2021. [1]
Project Management Using Earned Value. Humphreys and Associates. ISBN 0-9708614-0-0; Philipson, Erik and Sven Antvik (2009). Earned Value Management – an introduction. Philipson Biz. ISBN 978-91-977394-5-0; Project Management Institute (2005). Practice Standard for Earned Value Management. Project Management Institute. ISBN 1-930699-42-5
Value-stream mapping has supporting methods that are often used in lean environments to analyze and design flows at the system level (across multiple processes).. Although value-stream mapping is often associated with manufacturing, it is also used in logistics, supply chain, service related industries, healthcare, [5] [6] software development, [7] [8] product development, [9] project ...
Lawrence Delos Miles (April 21, 1904 Harvard, Nebraska – August 1, 1985) was an American engineer, and the creator of Value engineering. His parents were Delos Daniel Miles, Superintendent of Harvard School, and Vinetta Conkle Miles, an elementary school teacher.
The project is structured and managed as a value generating process (value is defined as satisfying customer requirements); [19] while PMI considers less cost as value. In the lean approach, downstream stakeholders are involved in front end planning and design through cross functional teams (Ballard, LPDS, 2000).
A value mismatch is an opportunity to improve the project through design changes or scope modification acceptable to the client or users. Proposed changes frequently include those which may cost additional money in order to increse client and user project acceptance.
Value-driven design (VDD) is a systems engineering strategy based on microeconomics which enables multidisciplinary design optimization. Value-driven design is being developed by the American Institute of Aeronautics and Astronautics , through a program committee of government, industry and academic representatives. [ 1 ]