Value Engineering/Value Management Model and Application of Aerospace Projects

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

References

[1] Qiu, W. (2007). Value Engineering Method Basis. Beijing: Mechanical Industry Press

[2] Yang, Q., Lv, J., & Huang, J. (2012). Value flow optimization of complex R&D project based on DSM. Operation Management, 3, 171–175

[3] Yang, Q., & Qiu, W. (2006). Project lean value management and value stream analysis method. Science Research, 24, 249–255

RIGHTS & PERMISSIONS

Higher Education Press and Springer-Verlag Berlin Heidelberg