Value Engineering (VE): An organized effort directed at analyzing the functions of systems, equipment, facilities, services, and supplies for the relationship between worth and cost. VE achieves the essential functions at the lowest life-cycle cost consistent with required performance, reliability, quality, and safety. These organized efforts can be performed by both in-house agency personnel and by contractor personnel. VE improves quality while controlling costs across the entire spectrum of Army systems, processes, and organizations.

For more information concerning Department of Defense value engineering initiatives visit the following site: http://www.acq.osd.mil/te/programs/se/ve/index.htm

Please send comments to:Leadingchange@hqda.army.mil

Last revision: 18 Aug 2008