Skip to main navigation Skip to search Skip to main content

Value engineering: A systematic team approach for strategic planning

  • Lori Braase
  • , Alison Conner
  • , Jodi Grgich
  • , Margie Jeffs
  • , Darcie Martinson

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The Value Engineering (VE) Methodology is an effective tool for business or strategic planning. While there are many viable strategic planning processes, the "Balanced Scorecard" approach (formally developed by Robert Kaplan, PhD, and David Norton, PhD), is highlighted here using VE and function analysis to develop strategy maps and scorecards. As part of the VE Methodology, Functional Analysis System Technique (FAST) diagramming offers an integrated approach and structure to strategy map development by formulating a cause and effect relationship and establishing the "how" and "why" behind the strategy map. By holistically utilizing the VE Job Plan, one is able to move from strategic thinking all the way through to measurement and execution of a strategy.

Original languageEnglish
Title of host publication20th Annual International Symposium of the International Council on Systems Engineering, INCOSE 2010
Pages824-837
Number of pages14
StatePublished - 2010
Event20th Annual International Symposium of the International Council on Systems Engineering, INCOSE 2010 - Chicago, IL, United States
Duration: Jul 12 2010Jul 15 2010

Publication series

Name20th Annual International Symposium of the International Council on Systems Engineering, INCOSE 2010
Volume1

Conference

Conference20th Annual International Symposium of the International Council on Systems Engineering, INCOSE 2010
Country/TerritoryUnited States
CityChicago, IL
Period07/12/1007/15/10

Fingerprint

Dive into the research topics of 'Value engineering: A systematic team approach for strategic planning'. Together they form a unique fingerprint.

Cite this