Value engineering is a systematic method used for improving the "value" of goods, products or services through analysing the functions and costs. According to this method, the value of a product is the ratio of function to costs.
The method tends to optimize function, quality, safety and costs, and the proper balance results in the maximum value of a product.
Substitution of current materials or methods with the cheaper or more effective ones, but of the same quality, the function stays the same whereas the value increases. This is the primary principle that our project managers meet.
The company uses the most effective components in order to minimize the costs, but keep the quality, to both customers’ and manufacturers’ benefit.