7/31/25, 12:13 PM What are the best practices and standards for value engineering in project engineering?
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What are the best practices and standards for
value engineering in project engineering?
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1 What is VE and why is it important?
2 How to conduct a VE study?
3 What are the VE standards and guidelines?
4 How to improve VE skills and competencies?
5 How to overcome VE challenges and barriers?
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Selected by the community from 11 contributions. Learn more
Geoffrey Dobbs
Independent Mechanical or Industrial Engineering Professional
View contribution · 3
Alex Coffman
Professional Engineer (PE) Project Management Professional (PMP)
View contribution · 2
Syed Fadzil Syed Mohamed
Fellow of The Institution of Engineers, Malaysia (FIEM)
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7/31/25, 12:13 PM What are the best practices and standards for value engineering in project engineering?
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1 What is VE and why is it important?
VE is a process that involves identifying the essential functions of a project, analyzing the
alternatives to achieve them, and selecting the most cost-effective option. This process can be
applied at any stage of a project, from planning and design to construction and operation. VE can
bring a number of benefits to project engineering, such as enhancing customer satisfaction,
reducing waste and inefficiency, increasing innovation and creativity, and saving time and money.
By eliminating unnecessary features or components, encouraging out-of-the-box thinking and
collaboration, and streamlining the project delivery while minimizing risks and changes, VE can help
to meet or exceed customer expectations while minimizing costs.
Geoffrey Dobbs Following
Independent Mechanical or Industrial Engineering Professional
There is always an easier way to solve a particular problem!
In 1990 I went to work for the company that manufactured the ground stations for the Search And
Rescue Satellite system. The antenna, its pointing mechanism, support structure and radome had a
manufacturing cost of $7,500, and it was difficult to assemble on site, expensive to ship and it didn't
work at very low temperatures. Value Engineering it resulted in reducing then number of nuts and
bolts needed to be used on site from 640 to 28; the shipping weight was reduced by 640 LB;
servicing accessibility was considerably improved and it worked fine at temperatures below -40
Celsius. The manufacturing cost was reduced to $2500.
· 3
Alex Coffman Following
Professional Engineer (PE) Project Management Professional (PMP)
Value Engineering (VE) in project engineering, is about optimizing project outputs while minimizing
costs. It involves critically analyzing each project element to ensure it provides maximum value at
the lowest cost without compromising quality or performance. From my time as a PE for instance,
on one project we evaluated different radar electronics components for cost-effectiveness and
functionality, ensuring optimal performance within budget constraints. VE is crucial because it leads
to more efficient use of resources, cost savings, and enhanced project value, which is especially
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7/31/25, 12:13 PM What are the best practices and standards for value engineering in project engineering?
important in projects with strict budgetary guidelines. This approach is essential for delivering high-
quality cost-effective solutions
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My engineering
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· 2
Syed Fadzil Syed Mohamed Following
Fellow of The Institution of Engineers, Malaysia (FIEM)
When used appropriately, value engineering improves the function-to-cost ratio in projects. We
must carefully examine consumer priorities early on and revisit as the design progresses. Document
decisions, quantify the impact on performance and budget, track outcomes, and communicate
lessons learned. Adopting simple across-the-board cuts risks lowering quality. Instead, systematic
value engineering suited to each project, using innovative thinking and technology optimisation,
can result in large cost savings without compromising customer-valued operations.
· 1
Vismay Dalwadi (VD) Following
LinkedIn Top Voice |Project Manager -EPC Projects Management Experienced Professional with ex…
Best practices for value engineering in project engineering involve identifying opportunities to
optimize value while minimizing costs. This includes conducting thorough analysis of project
requirements, materials, and processes to find alternatives that achieve the same or better
performance at a lower cost. Collaborate with stakeholders and subject matter experts to brainstorm
innovative solutions. Prioritize ideas based on potential impact and feasibility. Implement value
engineering throughout the project lifecycle, from design to construction and beyond. Regularly
evaluate and iterate on solutions to ensure continuous improvement. Adopt industry standards and
guidelines to ensure quality and compliance while maximizing value.
Mohamed Jalal Follow
Electrical Engineer | B.Sc. | CSP® |DGSA®| B.S.E.E | 6σ, SSYB™| Qualified Assessor (RQF® L3) ACW…
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7/31/25, 12:13 PM What are the best practices and standards for value engineering in project engineering?
Value Engineering (VE) is a systematic approach that aims to optimize the value of a project by
balancing functionality,Home My Network
cost, and quality. It Jobs Messaging
is essential Notifications
because Me
it allows project Learning
teams to achieve
maximum performance without overspending, ensuring that resources are used efficiently. In
today's competitive market, where budget constraints are common, VE becomes even more crucial
as it helps to maintain project viability while meeting stakeholder expectations. Emphasizing long-
term benefits and sustainability makes it a key tool for successful project delivery.
2 How to conduct a VE study?
A VE study typically involves defining the project scope and objectives, forming a multidisciplinary
VE team with relevant expertise and experience and collecting and analyzing data on the project's
function, performance and cost. Next, the team will generate and evaluate alternative solutions,
develop and present a proposal recommending the best solution and implement and monitor the
VE solution. Additionally, it is important to measure the results and feedback of the VE solution.
Dave Peace Follow
36+ year diverse career in Oil, Gas & LNG and associated Infrastructure, Onshore & Offshore, Bro…
In addition to how, we must consider when to conduct a VE study. The most impactful times to
conduct a VE study are i) during FEED, when finalizing the development of the selected alternative
and freezing the design is the most impactful, and ii) when analyzing solutions to issues identified
during detailed design, construction, and commissioning, where there are a number of possible
solutions and a value-based judgment is required.
Mohamed Jalal Follow
Electrical Engineer | B.Sc. | CSP® |DGSA®| B.S.E.E | 6σ, SSYB™| Qualified Assessor (RQF® L3) ACW…
A VE study begins by clearly defining the project's objectives and understanding its scope. It
typically involves a multidisciplinary team working through a structured process, including phases
like information gathering, functional analysis, idea generation, evaluation, and implementation. The
goal is to identify areas where costs can be reduced without compromising quality or functionality.
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7/31/25, 12:13 PM What are the best practices and standards for value engineering in project engineering?
Regular workshops and collaboration with stakeholders are essential for gaining diverse
perspectives and ensuring
HomethatMy
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proposed solutions
Jobs are practical
Messaging and aligned
Notifications Me with project goals.
Learning
3 What are the VE standards and guidelines?
Project engineers can use various VE standards and guidelines to ensure consistent and effective
implementation of VE. The SAVE International Value Standard defines the principles, terminology,
and methodology of VE, while the ASTM E1699-14 Standard Practice for Performing Value
Engineering (VE)/Value Analysis (VA) of Projects, Products and Processes provides a detailed
framework and procedures for conducting a VE study. Additionally, the EN 16271 Value
Management — Functional Expression of the Need and Functional Performance Specification
outlines the requirements and methods for defining and describing the function of a project,
product, or process. Finally, AACE International Recommended Practice No. 71R-19 Value
Engineering offers guidance and best practices for applying VE in the context of total cost
management.
Mohamed Jalal Follow
Electrical Engineer | B.Sc. | CSP® |DGSA®| B.S.E.E | 6σ, SSYB™| Qualified Assessor (RQF® L3) ACW…
VE standards and guidelines are essential to ensure consistency and best practices across projects.
Internationally recognized frameworks like SAVE International's standards provide a structured
approach to VE processes. These standards outline key steps such as function analysis, cost
modeling, and risk assessment. Adhering to these guidelines helps maintain uniformity and ensures
that VE studies are thorough and objective. Moreover, they promote innovation, encouraging teams
to think beyond traditional cost-cutting methods and consider sustainability and long-term value.
4 How to improve VE skills and competencies?
VE is a skill that can be learned and improved through education, training, and practice. Project
engineers who want to enhance their VE capabilities can attend courses, workshops, and seminars
offered by reputable organizations, such as SAVE International or the Institute of Value
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7/31/25, 12:13 PM What are the best practices and standards for value engineering in project engineering?
Management. Obtaining certifications, such as the Certified Value Specialist (CVS) or the Professional
in Value Management (PVM),
Home can demonstrate
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Messaging andNotifications
proficiency Me
in VE. Joining VE Learning
networks and communities, such as the Value Analysis Canada or the European Value Management
Group, can provide opportunities for learning, sharing, and networking with other VE professionals.
Applying VE to their own projects, either as a leader or a member of a VE team, and seeking
feedback and improvement from peers, mentors, or experts can also help to improve VE capabilities.
Mohamed Jalal Follow
Electrical Engineer | B.Sc. | CSP® |DGSA®| B.S.E.E | 6σ, SSYB™| Qualified Assessor (RQF® L3) ACW…
Improving VE skills requires a combination of technical knowledge, problem-solving abilities, and
collaboration. Regular training, certification programs, and workshops can enhance understanding
of VE principles and methodologies. Additionally, cross-functional teamwork, mentorship, and
exposure to different industries provide practical insights that improve competency. Staying
updated with industry trends, such as the integration of digital tools in VE processes, and fostering
creativity in cost-effective design solutions are key to mastering VE.
5 How to overcome VE challenges and barriers?
VE can be difficult to implement in complex and dynamic project environments. To ensure success,
project engineers should secure the support and commitment of sponsors, clients, and stakeholders
by communicating the benefits and value of VE. It is also important to involve the project team and
other relevant parties in the VE process and foster a collaborative and constructive culture.
Appropriate tools and techniques, such as function analysis, value matrix, life cycle costing, or
creativity methods, should be used to facilitate the VE analysis and decision making. Additionally, VE
standards and guidelines, as well as project-specific requirements and constraints, should be
followed to ensure the quality and validity of the VE study and solution. Finally, the VE outcomes
and impacts should be monitored and evaluated, and the lessons learned and best practices should
be documented and shared.
Oseghale Okohue BEngr. Msc. MBA. DBA. Prince2®Practitioner Follow
NEC3/4 ECC Project Manager, P6 Planner & Cost Control | EPICM, Offshore & Renewable Energy (…
Value engineering in project engineering involves optimizing costs while maintaining quality. Best
practices include early involvement, cross-functional collaboration, and life cycle analysis. In the
energy sector, optimizing materials in solar panels or refining processes for efficient power
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7/31/25, 12:13 PM What are the best practices and standards for value engineering in project engineering?
generation exemplify successful value engineering. Case studies show how early identification of
cost-effective solutionsHome
enhances project outcomes.
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· 1
Mohamed Jalal Follow
Electrical Engineer | B.Sc. | CSP® |DGSA®| B.S.E.E | 6σ, SSYB™| Qualified Assessor (RQF® L3) ACW…
Overcoming challenges in VE often requires a cultural shift within organizations. One key barrier is
resistance to change, which can be addressed by fostering a collaborative environment where all
stakeholders feel included. Educating teams on the benefits of VE and demonstrating its positive
impact on project outcomes can help reduce pushback. Another challenge is the misperception that
VE is only about cutting costs; clear communication on how VE enhances overall value and quality is
crucial. Lastly, early integration of VE into the project lifecycle helps prevent later-stage roadblocks.
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