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  2. Value breakdown structure - Wikipedia

    en.wikipedia.org/wiki/Value_breakdown_structure

    The concept has similarities with the deliverable-oriented work breakdown structure (WBS) decomposition which is used in project management and systems engineering to break down a project into smaller components in a tree structure that represents how the work of the project will create the components of the final product. Resources and cost ...

  3. Value engineering - Wikipedia

    en.wikipedia.org/wiki/Value_engineering

    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.

  4. Front-end loading - Wikipedia

    en.wikipedia.org/wiki/Front-end_loading

    Front-end loading (FEL), also referred to as Front-End Engineering Design (FEED), Front End Planning (FEP), pre-project planning (PPP), and early project planning, is the process for conceptual development of projects in processing industries such as upstream oil and gas, petrochemical, natural gas refining, extractive metallurgy, waste-to-energy, biotechnology, and pharmaceuticals.

  5. Outline of project management - Wikipedia

    en.wikipedia.org/wiki/Outline_of_project_management

    Cost engineering – is the area of engineering practice where engineering judgment and experience are used in the application of scientific principles and techniques to problems of cost estimating, cost control, business planning and management science, profitability analysis, project management, and planning and scheduling."

  6. V-model - Wikipedia

    en.wikipedia.org/wiki/V-Model

    As the V-model is publicly available many companies also use it. In project management it is a method comparable to PRINCE2 and describes methods for project management as well as methods for system development. The V-model, while rigid in process, can be very flexible in application, especially as it pertains to the scope outside of the realm ...

  7. Affinity diagram - Wikipedia

    en.wikipedia.org/wiki/Affinity_diagram

    Affinity wall diagram. The affinity diagram is a business tool used to organize ideas and data. It is one of the Seven Management and Planning Tools.People have been grouping data into groups based on natural relationships for thousands of years; however, the term affinity diagram was devised by Jiro Kawakita in the 1960s [1] and is sometimes referred to as the KJ Method.

  8. Earned value management - Wikipedia

    en.wikipedia.org/wiki/Earned_value_management

    [8] [9] It has since become a significant branch of project management and cost engineering. Project management research investigating the contribution of EVM to project success suggests a moderately strong positive relationship. [10] Implementations of EVM can be scaled to fit projects of all sizes and complexities.

  9. Engineering economics - Wikipedia

    en.wikipedia.org/wiki/Engineering_economics

    Some examples of engineering economic problems range from value analysis to economic studies. Each of these is relevant in different situations, and most often used by engineers or project managers. For example, engineering economic analysis helps a company not only determine the difference between fixed and incremental costs of certain ...