Value Engineering (VE) is a systematic and organized procedural decision-making process. It has been used in almost any kind of application. It helps people creatively generate alternatives to secure essential functions at the greatest worth as opposed to costs. This is referred to as value. It is usually applied in a team setting, but that is not a requirement. It uses a job plan, is function based, and requires a product be generated as a result of the study.

ParsPM’s with its expert team provide VE services enable clients and project teams to make rational and explicit decisions against objective criteria. We apply VE processes throughout the life of the project, defining value, enabling informed selection of options, challenging assumptions and generating innovative solutions. We help your project management with the ability to:

	Review and develop projects Scope and Budget
	Determine the required functions
	Function Analysis Cost /Worth
	Modeling techniques
	Develop and organize the VE Job Plan
	Planning to develop, structure, and staff and the VE Team
	Determine required elements of the VE job plan by phase, task and participant
	Creative problem solving- application
	Life Cycle Costing- Application
	Create The VE Report detailing recommendations on the best potential improvements