What Does VE Stand For?
VE stands for Value Engineering
Value Engineering (VE) is a systematic approach aimed at improving the value of a product, project, or process by optimizing its functions while reducing costs. This methodology involves analyzing the essential functions of components and processes to identify opportunities for enhancements, cost savings, and improved quality without compromising performance. VE is widely used in various industries, including construction, manufacturing, and product development, to promote efficiency, innovation, and sustainable practices.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym