Value Engineering is an organized study of functions to satisfy the user's needs, with a quality product at the lowest life cycle cost through applied creativity. The study is conducted by a multi-disciplinary team that provides an independent look at the project. Value Engineering is directed at reducing cost, while maintaining or improving quality, maintainability, performance, and reliability. In addition, emphasis is placed on preserving unique and important ecological, aesthetic, and cultural values of our national heritage in accord with the general environmental objectives of the Corps of Engineers.
Traditionally, Value Engineering in the Corps of Engineers is applied to proposed construction projects. This includes Civil Works, Military, Environmental, Hazardous Waste, as well as Operations and Maintenance projects. However, the methodology and job plan can be applied to most any situation.