Drive More Value from Existing Resources
Sometimes the opportunities you’re looking for are already at hand. You just need to discover, assess and activate them.
What is Value Engineering?
Value engineering (VE) helps all types of public and private organizations find the perfect balance between required functionality, performance benchmarks, quality levels, safety standards and budget parameters.
VE can improve projects in design, manufacturing, construction, administration and operations.
The NCE Value Engineering Methodology
NCE applies a proven, structured approach to facilitate your value engineering process and outcomes. Our value methodology promotes clear communications using the language of functions. It lets all stakeholders participate and communicate more productively throughout the process by bridging communication gaps between different disciplines.
Build a Team Specifically for the Task
We assemble a multidisciplinary team of subject-matter experts, from both inside and outside your organization, as needed. We focus the discussion on functionality, and give them a specific, defined VE process.
Study the Project
We gather information and context relating to the project, and do analyses it to better understand it and its required functionality.
Creative Ideation & Evaluation
All possible ways to achieve the required functionality are explored. Feasible concepts are chosen for development into value improvements.
Development & Presentation
The alternative(s) that present the best opportunity for value improvement are selected and presented to the VE process stakeholders.
The Benefits of Value Engineering
Of course, driving more value from everything an organization does can benefit the bottom line. But that's just the first advantage of VE.
Develop the Right Focus
All you need to optimize any project is to achieve the desired functionality. Anything else, any more or any less, is an unnecessary drain on value.
Facilitate Consensus
Accord comes from understanding different perspectives and objectives. The clarity of that consensus determines the value that will be derived.
Streamline Operations
When your project is more efficient, it is easier to deploy, manage, measure and analyze for improvement.
Minimize Risk
The right focus, ideations, consensus and execution minimizes the occurrence of known and unforeseen risks.
Accelerate Resolution
Focus, consensus, efficiency and risk avoidance combine to help you move forward faster, and with more confidence.
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