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Value Engineering

Improved value by enhanced function.

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The definition of value

V = F / C                                    (1)

where

V = value

F = function

C = cost

is the key to Value Engineering

Improving the function, reducing the cost, or both - will increase the value.

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Related Topics

  • Documentation

    Documentation of process control systems - Block Flow Diagrams (BFD), Process Flow Diagrams (PFD), Piping and Instrumentation Diagrams (P&ID) and more
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    Engineering related topics like Beaufort Wind Scale, CE-marking, drawing standards and more.

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