Overview: Value Analysis-Value Engineering (VA-VE) is over
half a century old! The concept evolved, during the ‘40s,
as a ‘creative problem-solving system, implemented by the
use of a specific set of techniques, a body of knowledge and a group
of learned skills’.
The practice of VA-VE Team Approach spread ‘like wild fire’
and by the ‘70s, emerged as a systematic Value Management
(VM) Methodology, achieving larger and quicker value-gains for many
an organisation across the world, including India. What is refreshing
about it now is its lasting strategic value for sustained organisational
renewal - in the fiercely competitive market place, as we step into
the 21st century.
Tags:Value Engineering, Value Analysis
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Source: Dr. R.V. GOPALAKRISHNAN
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