Tag: construction cost control

What Are the Five Phases of Value Engineering? A Step-by-Step Guide to Better Project Outcomes
RE Development | July 1, 2025
What Are the Five Phases of Value Engineering? A Step-by-Step Guide to Better Project Outcomes

Value engineering follows five structured phases—Information, Creative, Evaluation, Development, and Presentation—to improve project outcomes, reduce costs, and enhance functionality. This proven process helps construction, real estate, and manufacturing teams make smarter decisions by focusing on function-first analysis, creative solutions, and data-driven implementation for long-term project success.