noun
A systematic method to improve the value of a product or service by analyzing its functions. Used in engineering, manufacturing, and business contexts. Often abbreviated as VE.
See also: バリューエンジニアリング
価値工学は、製品のコストを下げつつ品質を保つ手法です。
Value engineering is a method to reduce product costs while maintaining quality.
By introducing value engineering in this project, we succeeded in significant cost reduction.