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Value Engineering
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  • PODCasts of previous webcasts are now available. Click here to order!

  • View Upcoming Events Calendar

  • Certification application format change: The SAVE Certification Board now requires that all VMP and CVS (initial and recertification) documentation and Module I and Module II course documentation be submitted in PDF format only. SAVE will no longer accept certification application packages in paper or other digital formats. If applying online, the file upload limit is 10 MB. If your application package exceeds 10 MB, then please mail four CDs to SAVE.

  • VDI Value Management Practice 2014 Conference, April 1-2, Dormero Hotel Stuttgart, Germany. Download the event program and registration form.

  • 5th Gulf Chapter VE Conference will be held on May 14-15, 2014, in Jubail, Saudi Arabia. 16-20 presentations will include speakers from the USA, Japan, South Korea, Malaysia, and Europe. More information forthcoming.

  • SAVE’s members get 15% off admission at the Process Excellence Summit in Dubai, UAE, June 16-17, 2014.

  • CVS Forum Report: Download the English language summary of the CVS Forum held at the 2014 Asian VE Conference in Tokyo, Japan. Discussion topics include what can be done with VE, improving social value, and hidden strengths of VE.

  • The SAVE Value Summit 2014 will be held June 22-26, 2014.
    More information

  • The U.S. Patent & Trade Office has registered trademarks for CVS® and Certified Value Specialist®. They should always be used with statutory notice of registration. The mark certifies that the services are provided by persons who have demonstrated a particular level of competency in the field of multidisciplinary, function-focused value improvement process services by having met certain educational and experiential standards set by SAVE International®.

  • Do you prefer to read from the printed page? Order print-on-demand copies of the SAVE 2013 Conference Proceedings from Curran Associates, Inc. or call (845) 758-0400.

What Is Value Engineering

The value methodology (VM), a systematic and structured approach, improves projects, products, and processes. VM is used to analyze manufacturing products and processes, design and construction projects, and business and administrative processes. VM helps achieve balance between required functions, performance, quality, safety, and scope with the cost and other resources necessary to accomplish those requirements. The proper balance results in the maximum value for the project.

Value = Function/Cost

Value is the reliable performance of functions to meet customer needs at the lowest overall cost.

Function is the natural or characteristic action performed by a product or service.

Cost is the expenditure necessary to produce a project, service, process, or structure.

The systematic and structural approach comes from the VM job plan. SAVE International®’s standard job plan consists of six phases:

  1. Information Phase: Gather information to better understand the project.
  2. Function Analysis Phase: Analyze the project to understand and clarify the required functions.
  3. Creative Phase: Generate ideas on all the possible ways to accomplish the required functions.
  4. Evaluation Phase: Synethesize ideas and concepts to select feasible ideas for development into specific value improvement.
  5. Development Phase: Select and prepare the “best” alternative(s) for improving value.
  6. Presentation Phase: Present the value recommendation to the project stakeholders.

The VM process produces the best results when applied by a multi-disciplined team with experience and expertise relative to the type of project to be studied. A Certified Value Specialist® usually leads the VM team to ensure proper application of the methodology. Value team leaders and members may be found within the SAVE International® Consultants Directory or online at www.value-eng.org.

Enhancing Value in Your Company

VM is embraced by a global spectrum of businesses and industries: building designers and contractors; automobile manufacturers; chemical processors; pharmaceutical companies; etc. Benefits realized by those companies using VM far exceed the investment. Savings in time, cost, and quality contribute to improving an organization’s competitive position.

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