Value Engineering (VE) is an organized, systematic technique that analyzes the functions of systems, equipment, facilities, services, and supplies to ensure they achieve their essential functions at the lowest life-cycle cost consistent with required performance, reliability, quality, and safety. For additional information on value engineering tools see DAG Chapter 4 section 4.3.19.3 [https://acc.dau.mil/dag4.3.19.3]. This sub-topical area contains information on the use of value engineering in DoD acquisitions.”
