Value Engineering/Value Management Model and Application of Aerospace Projects

2015, Volume 2, Issue 4

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Frontiers of Engineering Management >> 2015, Volume 2, Issue 4 doi: 10.15302/J-FEM-2015056

Value Engineering/Value Management Model and Application of Aerospace Projects

1. School of Economics and Management, Beihang University, Beijing 100191, China.2. School of Business Administration, Southwestern University of Finance and Economics, Chengdu 610074, China.3. Science School of University of Science and Technology, Nanjing 210000, China.4. Economics and Management School, University of Chinese Academy of Sciences, Beijing 100049, China

Accepted: 2016-03-15 Available online: 2016-03-31

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Abstract

This paper presents a new space model developed by general value engineering/value management model. The authors take the function analysis, function optimization and function realization of the development object as the basic point, to get the final optimization structure by value evaluation, so as to improve the project quality and reduce the project cost. The final case shows that the application of this model can save about 18% of the time and considerable cost of the usually planned projects under the condition of quality assurance.

Keywords

aerospace project ; value engineering ; value optimization ; value stream ; design structure matrix

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