Value engineering (VE) is an organized effort directed at analyzing the function of systems, equipment, facilities, services, and supplies for the purpose of achieving essential functions at the lowest life cycle cost consistent with performance, reliability, maintainability, interchangeability, product quality, and safety. This definition comes from DoD Directive 4245.8. This specific DoD weapon system for TQM again stresses the need to improve quality and productivity of DoD and DoD contractors while reducing cost.
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What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.