Value Engineering is a formal, structured process to ensure capital projects meet or exceed cost objectives without compromising project quality. Fluor's project teams use value engineering throughout a project, evaluating options with a focus on reducing project capital costs as well as life cycle costs.
The value engineering process divides the total project's scope of work into components, examining each individual component for alternatives that offer benefits in the areas of engineering design, equipment and material selection, construction and operations and maintenance. It is a structured application of proven techniques, applied at multiple phases of the project, with the primary objective to identify cost reductions.
Value engineering is an area in which Fluor excels, with an established record of success in achieving major cost benefits for clients.