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Value Engineering

Value Engineering 

Value Engineering (VE) is an organized, systematic technique that analyzes the functions of systems, equipment, facilities, services, and supplies to ensure they achieve their essential functions at the lowest life-cycle cost consistent with required performance, reliability, quality, and safety. For additional information on value engineering tools see the Systems Engineering Guidebook, Section 2.2.7. Value Engineering. This sub-topical area contains information on the use of value engineering in DoD acquisitions. 

Idea Generation

Selling the VECP

VECP Approval

VECP Settlement