| Name | Value Engineering |
| Abbreviation | VAE |
| Learning Cost | 100 |
| Playing Cost | 300 |
| Suggested Phases | 2,3 |
Engineers
| Mechanical Engineer | Industrial Design | System Engineer | Electrical Engineer | Production Engineer | Software Engineer |
| ✔ | ✔ | ✔ | ✔ | ✔ | ✗ |
Technique and Issue Views
| BusinessNeeds | Stakeholder | Stakeholder Needs | System Requirements | System Structure Architecture |
| ✗ | ✗ | ✗ | ✗ | ✔ |
| System Functional Architecture | Detail Hardware Design | Detail Service Design | Detail Software Design | Manufacturing Operations |
| ✔ | ✔ | ✔ | ✔ | ✗ |
Technique Traits
| Identify Stakeholders | Elicit Needs | Remove Ambiguity | Layman's Terms | Technical Terms | Teamworkings |
| 1 | 1 | 2 | 0 | 3 | 1 |
| Traceability | Prioritizing | Exploring Breadth | Inside the Box | Outside the box | V&V |
| 3 | 4 | 2 | 0 | 0 | 2 |
Verification and Validation
| Analysis | Calculus | Inspection | Demonstration | Test |
| ✔ | ✗ | ✗ | ✗ | ✗ |
Due to a lack of resources, during WW2, General Electric Co. had to come up with a way to reduce cost in their production systems. Value engineering consist in increasing value of a product (for the company) by the means of optimizing the ratio of function to cost. This is done by providing only the strictly necessary functions (by substituting materials and methods with cheaper alternatives) so to reduce the production cost, while also regulating the selling cost to increase the net profit of the company. [1]
