Value Add Value Engineering (VAVE)

We follow Value Engineering as an organized effort directed at analyzing the functions of systems, equipment, facilities and services for the purpose of acheieving the essential functions at the lowest life-cycle cost consistent with required performance, quality, reliability and safety.

Key Objectives

• Applying formal work plans
• A concorent engineering approach
• Specific definition of functions
• The simultaneous look at functions and cost
• Control of the analysis process
• Quantifiable results

Various Values we look at:

• COST / USE / EXCHANGE

When we apply VAVE thoughts

• Existing part/product cost is high
• Existing technology is complex or old
• There is a new technology