The U.S. Department of Energy`s Value Engineering Program: Audit report

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Description

Value Engineering (VE) is defined as the organized analysis of the functions of a program, project, system product, item or equipment, building, facility, service, or supply of an executive agency. This analysis reduces these functions to their most basic elements and then looks for cost-efficient alternatives. VE contributes to the overall management objectives of streamlining operations, improving performance, reliability, quality, safety and reducing life-cycle costs. Further, it can result in the increased use of environmentally-sound and energy-efficient practices and materials. VE benefits have been documented by the General Accounting Office, which reported that VE usually produces a net savings of ... continued below

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17 p.

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Creator: Unknown. July 1, 1998.

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Description

Value Engineering (VE) is defined as the organized analysis of the functions of a program, project, system product, item or equipment, building, facility, service, or supply of an executive agency. This analysis reduces these functions to their most basic elements and then looks for cost-efficient alternatives. VE contributes to the overall management objectives of streamlining operations, improving performance, reliability, quality, safety and reducing life-cycle costs. Further, it can result in the increased use of environmentally-sound and energy-efficient practices and materials. VE benefits have been documented by the General Accounting Office, which reported that VE usually produces a net savings of 3 to 5 percent of project costs. The Department of Energy (Department) used the VE methodology primarily in construction related processes, including design reviews, and reported savings of $31.3 million for Fiscal Year 1996. The VE program was primarily executed by the Department`s management and operating and other prime contractors. The objectives of this review were to assess the effectiveness of the Department`s VE program and test the validity of VE savings reported for FY 1996.

Physical Description

17 p.

Notes

OSTI as TI98007111

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  • Other Information: PBD: Jul 1998

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  • Other: TI98007111
  • Report No.: HQ-B--98-01
  • DOI: 10.2172/661558 | External Link
  • Office of Scientific & Technical Information Report Number: 661558
  • Archival Resource Key: ark:/67531/metadc703609

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

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Creation Date

  • July 1, 1998

Added to The UNT Digital Library

  • Sept. 12, 2015, 6:31 a.m.

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  • June 22, 2016, 2:59 p.m.

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The U.S. Department of Energy`s Value Engineering Program: Audit report, report, July 1, 1998; United States. (digital.library.unt.edu/ark:/67531/metadc703609/: accessed December 13, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.