Definition
Operational processes and procedures for efficient business execution and continuous improvement.
In the room
How the word shows up in a real conversation.
Two cofounders disagree until they define Value engineering process. Once they agree it means “Structured methodology for enhancing value while reducing costs”, the argument becomes a decision.
Common mistake
Using Value engineering process as a label instead of a fact. If you cannot point to the evidence — a number, a customer, or a written assumption — you are using the word as jargon.
See also
Value Chain
Series of activities that create value for customers in a business.
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Value chain analysis
Process of examining each step in the value chain to identify opportunities.
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Value engineering
Systematic approach to improving the value of products or services.
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Value Proposition
Clear statement of the unique value a product or service provides to customers.
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