VALUE METHODOLOGY FUNDAMENTALS 1

The Value Methodology

The Value Methodology (VM) is a systematic and structured approach for improving projects, products and processes. VM, which is also known as value engineering or value analysis, is used to analyze and improve manufacturing products and processes, design and construction projects, and business and administrative processes.

VM helps achieve an optimum balance between function, performance, quality, safety and cost. The proper balance results in the maximum value for the project.